Back to Press Releases
RPM LOAN SERVICING FUNDS $2 BILLION IN LOANS
RPM Loan Servicing is proud to announce that it recently surpassed its goal of servicing $2 billion in loans, with a total of 5,393 loans. RPM Loan Servicing opened in March 2010 and is currently servicing over thirty percent of RPM’s entire loan production. RPM Loan Servicing reached the $2 billion mark in only 21 months.
Ava Noack, RPM’s Chief Financial Officer, is pleased about the success of Loan Servicing and the added benefits that are included for both clients and loan agents.
“RPM Loan Servicing has surpassed our expectations and has resulted in great success for our company, our loan agents and our customers,” said Noack. “It is a great way for us to continue our high level of service even after the loan has closed and for our agents to stay in front of their customers month after month.”
RPM is currently only servicing Fannie Mae loans but plans to start servicing Jumbo loans as well in 2012. With this addition, RPM will be able to retain servicing on Conventional, Jumbo and Refinance loan products.
A unique feature of RPM Loan Servicing is the co-branded mortgage statement. This statement includes photos of both the loan agent and the referral partner they selected to be on the statement with contact information for each person. The benefit of this co-branded statement is staying in front of borrowers, making it easy for them to get in touch with their loan agent or realtor.
Additional RPM Loan Servicing benefits include a wide variety of options for borrowers to make monthly mortgage payments, amongst other great features such as a VIP borrower program. RPM Loan Servicing will also be offering a bi-weekly payment option beginning in 2012.
RPM Mortgage, Inc. is based in Walnut Creek and is a private, family-owned mortgage banker and broker whose roots in the Bay Area stem back to 1986. RPM has over 60 branches in California, Nevada, Texas, Colorado and Connecticut and over 700 loan agents and employees. RPM Mortgage is a retail only lender and a direct seller and servicer of Fannie Mae loans. In 2010, RPM closed over $4.55 billion in originations, with $1.3 billion of the originations being service-retained loans. RPM’s loan agents are specially trained to offer FHA and VA loan programs to their customers. They work with borrowers, realtors, CPA’s, financial planners, attorneys and financial consultants to provide home buyers and owners with the best financial solutions in the market today.
###
For additional information about RPM Loan Servicing, please contact Ava Noack at 925.295.9330 or by email at anoack@rpm-mtg.com.
