In order to attract more business, Atlanta-based direct lender AmeriSave Mortgage Corp. – known for its tight underwriting standards – has eliminated all of its published conventional overlays.
‘The volume of business being delivered to our wholesale division continues to be of exceptional quality, and the performance is outstanding,’ says Mark Lively, executive vice president of credit risk for AmeriSave, in a release. ‘With this in mind, AmeriSave believes it warrants the removal of our existing overlays to help our customers deliver even more great business to AmeriSave with fewer obstacles.’
As a result, the Fannie Mae-approved lender is anticipating an increase in sales volume. Thus, it is looking to hire at least 12 new wholesale/retail salespeople.
In addition, AmeriSave has announced several promotions. Joseph Watts, formerly a vice president with the company, has been promoted to senior vice president of national sales; Angelo Zakis, formerly a correspondent and wholesale account executive, has been promoted to regional sales manager for the Northeast and north central regions; Camelia Berinde, who previously worked in the retail division as a senior mortgage processor, is transitioning to the correspondent division as an account executive in the Michigan market.
