Keep up to date with the Comergence news.
Keep up to date with the Comergence news.
Comergence is happy to announce they have been chosen by FundLoans.com to implement a secure and streamlined solution to manage their newly created Wholesale channel for third-party originator oversight.
FundLoans.com has existing operations servicing Florida and the Western United States and is solely focused on Jumbo non-QM loans. Using the platform to approve partners will ensure they do business with originators that need their unique jumbo product, and are accustomed to using the Comergence technology.
By choosing Comergence, FundLoans.com will be able to standardize their recruitment process while having the added regulation benefits that the Comergence platform offers.
Jon Maddux, FundLoans.com’s Chief Executive Officer said, “Service is a critical part of our business philosophy and with expertise in specialized funding we need to have a process in place that can quickly get our brokers approved. Giving them the ability to apply using the Comergence gold standard, falls in line with our service requirements.”
Comergence President, Greg Schroeder stated, “We’re pleased that we can assist FundLoans.com with their Wholesale channel efforts and regard them as key players in a niche funding market.” Schroeder continued, “The partnership will be a win for both the FundLoans.com team and all originators registered with Comergence who can utilize their specific product offerings.”
Comergence, the award winning risk management firm specializing in mortgage originator due diligence and surveillance, proudly announces and welcomes its newest client Sagamore Home Mortgage. The new partnership will facilitate Sagamore’s wholesale channel for third party originator due diligence and oversight.
Sagamore’s retail business currently services markets across the Eastern, Southern and Midwest United States with immediate plans to expand by supplementing their retail operations with a new wholesale channel. By choosing Comergence, Sagamore can concentrate on their broker recruitment strategies guided by powerful data intelligence accessible in the platform including; accurate license data and loan production volumes.
Mark Maloney, Sagamore’s Executive Vice President of Production said “With a strong retail presence already in play, we felt opening a wholesale division would support our expansion goals in existing markets. Maloney continued, “Using the Comergence technology will enable a quick ramp up time as we seek to gain a strong broker partner base.”
Comergence President, Greg Schroeder stated, “Given Sagamore’s acumen on the retail side of the business, adopting our system will help them achieve the same level of service when establishing their client base with absolute assurance that their compliance expectations will be met.” said Greg Schroeder, President, Comergence.
Equally important to the Sagamore wholesale team was that Comergence already has 98% of third party originators registered as system users, making the application process with Sagamore a familiar one.
Jet Direct Mortgage, who has an established retail operation based in New York, has selected Comergence to provide third-party originator due diligence services for their recently launched Wholesale channel. Jet Direct’s new Florida location will oversee and facilitate the Wholesale channel with primary service coverage of the east coast.
Dale Hinrichsen, Director of Wholesale Operations at Jet Direct said, “We understand what’s at stake and we take compliance very seriously. The Comergence platform provides everything we need to achieve our regulatory goals; automation, data consistency with a systematic approach.” Hinrichsen continued, “In my opinion, there was no other choice.”
Comergence President, Greg Schroeder agreed, “Dale’s team needed a tool to meet their needs. Our solution is the only one that offers access to accurate, licensed broker data, giving them the ability to be compliant as they navigate a new service channel and establish clients.”
As with all Comergence clients, Jet Direct will benefit from newly released, ground-breaking features that make it even easier to track and report on who they do business with supported by superior customer service and a dedicated product development team that relies on the user base to drive new products and features.