RoundPoint Mortgage Servicing Corporation (RPMS) announced that in September it launched a retail mortgage lending division. Licensed in 42 states, its mortgage lending operation is headquartered in Charlotte where RPMS is based.
The new mortgage lending division, which employs 174 people, was initially launched to neutralize RPMS’s portfolio run-off. The next phase for the operation is to expand to purchase market opportunities. It offers a full suite of mortgage loans, including GSE, government, and alternative financial products.
“RoundPoint’s more casual, relaxed, no pressure approach to mortgage lending is something we believe is distinctly different in the industry,” Yarbrough said. “Education and empathy are the most important qualities we can offer to borrowers, and we make sure that human beings are available at every step of the process to answer questions and provide status updates,” said Kelli Yarbrough, VP, who is heading the sales division.
Founded in 2007, RoundPoint is a fully licensed agency and non-agency subservicer for commercial banks, credit unions, mortgage companies, and hedge funds. RoundPoint currently services over $75 billion worth of mortgage assets and is licensed to service loans in all 50 states, the District of Columbia, and the U.S Virgin Islands.