The velocity and complexity of mortgage transactions create significant challenges in tracking discrepancies, leading to large cash flow variances that hinder effective oversight.
It has been the honor of my professional life to be the founder and leader of Republic State Mortgage Co. for the past 31 years, Wagnon said. I am grateful to pass the reins to Andrina who, along with the talented team she is bringing on board, will continue to uphold the high standards that have become synonymous with Republic.
We are excited to bring the Evergreen Home Loans experience to homebuyers and real estate partners in New Mexico, Robert Lipston, executive vice president and head of production at Evergreen Home Loans, said in a statement.
"We're the tenth-largest bank servicer in the country. We've bought MSRs, and that's purely an economic play. The immortal role of buying low and selling high applied when we bought MSRs when they were at 3% and 4% interest rates."