FloridaBased Bank to be Acquired

first_img June 28, 2019 207 Views in Headlines, News Rushmore Loan Management Services, LLC, a residential mortgage servicer, announced that it has signed an Asset Purchase Agreement to acquire the correspondent lending channel of FirstBank, a Florida-based correspondent platform, and accompanying proprietary Fusion lending technology.“We are thrilled about this transaction,” said Terry Smith, CEO of the California-based Rushmore. “FirstBank has developed an outstanding correspondent lending business under Bill Scammell’s leadership and we are very excited to welcome him and his team to our organization. In addition to expanding the universe of loan servicing offerings that we are able to provide to our customers, we expect that it will also increase our visibility into the broader mortgage lending space— enabling us to gain valuable market insights that can be leveraged across many different facets of our business.”“We are very excited to join the Rushmore platform, build this business to a larger scale, and take advantage of new opportunities such as having a strong appetite for government loans,” said Bill Scammell, FirstBank’s Director of Correspondent Lending. “These are highly complementary businesses, and we fully expect that joining Rushmore will enable us to accelerate the growth of both Rushmore’s core servicing platform and the correspondent channel.”The acquisition is targeted to close in the third quarter of 2019. 2019-06-28 Mike Albanesecenter_img Florida-Based Bank to be Acquired Sharelast_img read more

Grace expects Greinke trade to have emotional impa

first_img Grace expects Greinke trade to have emotional impact Top Stories Derrick Hall satisfied with D-backs’ buying and selling The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo 0 Comments Share Former Cardinals kicker Phil Dawson retires Now that the Arizona Cardinals’ 2014 season is over, it’s time to reflect. Over the next ten days or so, we’ll look back at the Cardinals’ 11-win campaign, position by position.A big part of what made the Arizona Cardinals’ defense so good was its safeties. The four-person group was dynamic, versatile and impactful, and afforded defensive coordinator Todd Bowles plenty of freedom to employ unique schemes. last_img read more