Mid America Mortgage, Inc. announced it has rebranded as Click n’ Close on June 27. The rebrand comes shortly after the sale of its retail lending operations to Legend Lending, which is based in Houston.
The multi-stage company, which specializes in Native American home loans, says they will retain retail operations related to its reverse mortgage and Native American lending business. Additionally, the company will focus on delivering innovative down payment assistance (DPA) and adjustable-rate mortgage (ARM) products through its third-party originator (TPO) channels.
“Mid America’s passion and focus have always been on driving growth in our third-party origination channels, uncovering untapped market opportunities that deliver value to industry partners and fostering innovation via technology and automation,” Click n’ Close CEO Jeff Bode said. “As the company moves into its next iteration, we wanted to do so under a banner that would accurately reflect the values and focus of our new direction.”
The company says that it also plans to enter the mortgage technology space, specifically to advertise the benefits of eMortgages. While Click n’ Close will introduce new tech products, some of its initial offerings were developed as in-house technology under the Mid America Mortgage brand. Under the rebrand, these products will carry over to the entire industry to support lenders’ efforts to achieve a fully digital mortgage process.
“The investments we’ve made in technology and digital [processes] have paid tremendous dividends, enabling us to save upwards of $300 per loan file. We’ve then been able to channel those savings into additional technology enhancements and the delivery of specialized product offerings to address today’s housing market challenges,” Bode said. “Our focus now as Click n’ Close will be to concentrate these efforts to better serve the mortgage community from both a loan product and a technology perspective.”
