The North Carolina-based non-bank mortgage servicing company RoundPoint Mortgage Servicing  Corporation (RPMS) announced its selection as a subservicing partner for Neighborhood Lending Services (NLS). NLS is Illinois’ largest nonprofit mortgage lender and an affiliate of Neighborhood Housing Services of Chicago, Inc. (NHS), a nonprofit neighborhood revitalization organization.
RPMS services loans for a variety of community banks, credit unions, private equity firms, and mortgage banks, as well as a dedication to providing asset management services to the nonprofit sector. In recognition of the company’s commitment, NLS has chosen RPMS as its subservicer.
“We chose RoundPoint Mortgage Servicing because of its best-in-class systems, customer-centric operating model, and robust reporting tools. The transfer of our initial loans could not have gone smoother,” said Robin Coffey, NHS’s Chief Credit Officer.
RPMS is a fully licensed agency and non-agency subservicer, able to service loans in all 50 states, the District of Columbia, and the U.S. Virgin Islands. The corporation is currently servicing over $75 billion worth of mortgage assets, comprised of its own assets and loans subserviced for many other investor types nationwide. RPMS is also an approved servicer for the U.S. Department of Housing and Urban Development, the U.S. Department of Veterans Affairs and the U.S. Department of Agriculture. In addition to servicing loans guaranteed by Fannie Mae, RPMS services for third parties and loans involved in FDIC structured and shared loss transactions.
NLS was established in 1987 as an affiliate of NHS to respond to a growing need for creative and flexible loan products in low-to-moderate-income communities. NLS provides mortgage lending in neighborhoods throughout Chicago, Elgin/northeast Kane County, and south suburban Cook County.
“NLS provides much-needed capital for its low-to-moderate-income customers, and with RoundPoint’s subservicing expertise, we are well positioned to support them in their efforts to improve their customer service and grow,” said Allen Price, SVP Business Development.