DENVER, Colo., Jan. 17, 2017 (SEND2PRESS NEWSWIRE) — Altavera Mortgage Services (Altavera), a leading provider of outsourced residential mortgage origination services, today announced its plans for expansion in 2017 along with highlights from the company\u2019s last 12 months of growth.<\/p>\n
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\n\u201cAltavera experienced rapid growth throughout 2016 despite the challenges of a dynamic regulatory environment,\u201d said Altavera Founder and President Brian Simons. \u201cWe responded to the increased business volume by augmenting our staff, including our leadership team, and adding new services to address the evolving needs of our clients. We will continue to expand our SAFE Act-compliant outsourced mortgage services in 2017 by obtaining licensing in even more states.\u201d<\/p>\n
The Denver-based company, which celebrated its fourth anniversary in October, expanded its staff by 70% in the last 12 months. The firm was acquired by Australian financial services company Computershare Limited (Computershare, ASX: CPU) in May.<\/p>\n
\u201cOur closed-loan file review service has remained in high demand since its launch in Q3 of 2016,\u201d said Debora Aydelotte, Altavera\u2019s chief operating officer. \u201cOverall, we\u2019ve seen a 142% increase in volume, so post-close due diligence will continue to be an area of focus for Altavera in 2017.\u201d<\/p>\n
\u201cWe also expect lender interest in Altavera\u2019s non-Qualified Mortgage fulfillment services will continue growing, fueled by the expected changes in the regulatory environment in 2017,\u201d Aydelotte continued. \u201cAdditionally, we anticipate that strong home values will keep HELOC originations on the forefront for Altavera and our lender clients.\u201d<\/p>\n
Altavera plans to expand licensing to several additional states in early 2017 to meet growing demand for private-label mortgage loan fulfillment solutions. Currently licensed in 34 states, Altavera is a fully SAFE Act-compliant loan fulfillment partner offering both comprehensive and component-based fulfillment solutions, including customized non-Qualified Mortgage services. Altavera service delivery is structured to meet each client\u2019s specific needs for loan processing, underwriting, closing and funding.<\/p>\n
Growth milestones from Altavera\u2019s last 12 months include:<\/p>\n
For more news from Altavera, visit http:\/\/altavera.com\/press\/<\/a>.<\/p>\n About Altavera:<\/strong>
\nBased in Denver, Colorado, Altavera is a leading provider of outsourced residential mortgage origination services. Altavera\u2019s SAFE Act-compliant staff of seasoned, U.S.-based specialists helps clients streamline operations, minimize costs and achieve faster cycle times for greater customer satisfaction and profitability. The firm\u2019s service delivery is structured to meet each client\u2019s specific needs for loan processing, underwriting, closing and funding.<\/p>\n