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Schmidt Mortgage Company Blog

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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Schmidt Mortgage Hires John Kulka to Oversee New Business Efforts

CLEVELAND, Ohio, Oct. 13, 2016 (SEND2PRESS NEWSWIRE) — Schmidt Mortgage Company (Schmidt) Executive Vice President Jeffrey Steed announced today the addition of John Kulka as manager of new business development. A 25-year mortgage industry veteran, Kulka brings considerable experience in cross-selling mortgage products across related industries, affinity marketing, and retail mortgage lending. “Ohio has seen a steady increase in mortgage volume, and with John’s ability to create additional business opportunities via cross-selling to the relocation and moving industries, we anticipate that Schmidt will be able to capitalize on increased market interest for mortgage products,” Steed said. Prior to joining Schmidt,

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Rocky River

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