{"id":30729,"date":"2017-11-13T12:40:15","date_gmt":"2017-11-13T17:40:15","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=30729"},"modified":"2017-11-13T12:40:15","modified_gmt":"2017-11-13T17:40:15","slug":"mid-america-mortgage-to-purchase-assets-from-two-oklahoma-lenders","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/mid-america-mortgage-to-purchase-assets-from-two-oklahoma-lenders\/","title":{"rendered":"Mid America Mortgage to Purchase Assets from Two Oklahoma Lenders"},"content":{"rendered":"

ADDISON, Texas, Nov. 13, 2017 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc.<\/a> (Mid America) announced it has signed a letter of intent to purchase the assets of Oklahoma City-based American Southwest Mortgage Corp. and an affiliated firm, American Southwest Mortgage Funding Corp. As part of the agreement, Mid America will incorporate American Southwest\u2019s operations into Mid America\u2019s mortgage platform and secure an interest in their respective pipelines and select assets. Further, Mid America will also offer employment to loan production staff members from each organization.<\/p>\n

\"Mid
\nPending a signed agreement, the transfer of operations and assets should be completed by December 1. Financial terms of the proposed agreement have not been disclosed.<\/p>\n

\u201cMid America\u2019s commitment to delivering a faster, more efficient mortgage process via technology has put us in a unique position to partner with firms like American Southwest to revitalize and streamline their operations, which ultimately provides their customers with better service,\u201d said Mid America Owner and CEO Jeff Bode. \u201cAs we make this transition, we do so with an eye toward minimizing disruption to American Southwest\u2019s existing customers while also migrating its pipeline to our fully digitized origination and closing process.\u201d<\/p>\n

As part of the agreement, American Southwest will transition the pipelines of both entities to the Mortgage Machine platform, Mid America\u2019s proprietary loan origination system (LOS), and begin executing eClosings and eNotes. Further, American Southwest\u2019s retail channels will have immediate access to Mid America\u2019s digital mortgage approval and closing platform Click n\u2019 Close, allowing them to take advantage of the faster turn times and lower costs Click n\u2019 Close provides. Third-party channel access to Click n\u2019 Close will be made available at a later date. Click n\u2019 Close was recently announced as the Official Mortgage Provider of NASCAR®<\/a>.<\/p>\n

\u201cJoining forces with a progressive, highly reputable lender like Mid America presents a unique opportunity to unite two organizations with similar views on the need to combine superior customer service with user-friendly technology,\u201d said Richard Carrington, president of American Southwest. \u201cFurthermore, Mid America will able to leverage our footprint in markets not currently serviced by Mid America to expand its outreach to a new and diverse customer base that clearly compliments the launch of Click n\u2019 Close.\u201d<\/p>\n

About Mid America Mortgage, Inc.:<\/strong>
\nMid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation\u2019s leading provider of Section 184 home loans for Native Americans. Learn more at https:\/\/www.midamericamortgage.com\/<\/a>.<\/p>\n

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n\u2019 Close, the Official Mortgage Provider of NASCAR\u00ae, is Mid America\u2019s ultra-secure, digital mortgage approval and closing process that delivers an eight-minute application process, getting home buyers from application to closing within two weeks. With just a few clicks at closing, Click n\u2019 Close puts keys in the home buyer\u2019s hand in 15 minutes or less. Apply online at https:\/\/clicknclose.com<\/a>.<\/p>\n

Mid America is looking for tech-savvy, service-oriented mortgage professionals to join its growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit http:\/\/www.midamericacareer.com\/<\/a>.<\/p>\n

Twitter: @midamericamtge<\/p>\n

*LOGO for media:\u00a0Send2Press.com\/300dpi\/17-0906s2p-midammortg-300dpi.jpg<\/p>\n","protected":false},"excerpt":{"rendered":"

ADDISON, Texas, Nov. 13, 2017 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) announced it has signed a letter of intent to purchase the assets of Oklahoma City-based American Southwest Mortgage Corp. and an affiliated firm, American Southwest Mortgage Funding Corp. As part of the agreement, Mid America will incorporate American Southwest’s operations into Mid America’s mortgage platform and secure an interest in their respective pipelines and select assets. Further, Mid America will also offer employment to loan production staff members from each organization.<\/p>\n","protected":false},"author":9356,"featured_media":30724,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[421,1,38,39,55],"tags":[205],"class_list":["post-30729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mergers-acquisitions-news","category-business-news","category-finance-news","category-mortgage-news","category-texas-news","tag-depthpr","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":8493,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/30729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/9356"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=30729"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/30729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/30724"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=30729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=30729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=30729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}