National Asset Direct (NAD), a purchaser of distressed residential assets and loans, says that the California Department of Real Estate has granted a license to originate and service first mortgage loans to iServe Servicing Inc., a wholly owned subsidiary of NAD.
With this approval, iServe is now qualified to service first mortgage loans in 29 states, including Florida, Illinois and Texas, and exempt from qualification in 10 additional states, qualifying iServe to service first mortgage loans in a total of 39 states.
iServe's high-touch servicing system is designed to correctly diagnose a borrower's unique conditions, match creative solutions to meet the best interests of the borrower, and encourage resolutions that provide immediate relief, near-term stabilization, and promote long-term viability of retaining homeownership, the company notes.
Source: iServe
