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Schmidt Mortgage Company Blog

Mid America Mortgage Promotes Kara Lamphere to Chief Operating Officer

NOTE: Schmidt Mortgage Company is a division of Mid America Mortgage. ADDISON, Texas, Aug 03, 2017 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) announced today it has promoted former Chief Compliance Officer and Director of Correspondent Lending Kara Lamphere to Chief Operating Officer (COO). “Kara Lamphere is a tremendous asset to Mid America Mortgage and has been essential to Mid America’s ability to execute eClosings and eNotes in our retail and TPO channels. She has also lead Mid America’s efforts to help brokers make the successful transition to mortgage bankers through our eCorrespondent division,” said Mid America Owner

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Mid America Mortgage Purchases eNote from First eClosing Transaction in North Carolina

NOTE: Schmidt Mortgage Company is a division of Mid America Mortgage. ADDISON, Texas, May 25, 2017 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) announced today it has purchased the eNote from North Carolina’s first eMortgage transaction. The transaction, which was completed entirely electronically on May 5, was a refinance for a property in Winston-Salem and was executed by Hickory-based North State Bank. Upon completion of the closing, Mid America was able to purchase the resulting eNote within one business day after receiving the final loan package. In a statement issued on May 9, North Carolina Secretary of State

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Mid America Mortgage Purchases $2.7 Billion in Mortgage Servicing Rights

NOTE: Schmidt Mortgage Company is a division of Mid America Mortgage. ADDISON, Texas, (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) announced today it has acquired the mortgage servicing rights (MSRs) for $2.7 billion in government loans. The portfolio includes a number of delinquent VA- and FHA-insured loans. “Mid America has achieved tremendous success in resolving delinquent government-insured mortgages,” said Mid America Owner and CEO Jeff Bode. “By purchasing this portfolio, and another like it, we are providing much-needed liquidity to smaller market players that might otherwise not have an outlet for their distressed servicing.” The sale was completed

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Akron

1953 Englewood Ave.
Akron, OH 44312
Phone: (330) 798-4677
Branch Information

Rocky River

20545 Center Ridge Road
Suite 250
Rocky River, OH 44116
Phone: (440) 356-3242
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Willoughby

35104 Euclid Ave.
Suite 202
Willoughby, OH 44094
Phone: (440) 953-0447
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