DSNews The homepage of the servicing industry
""Total Mortgage Services, LLC"":http://www.totalmortgage.com/, a Connecticut-based mortgage lender, has received approval from ""Fannie Mae"":http://www.fanniemae.com to be a seller/servicer for one-to-four unit single-family first lien mortgages.
The company explained that with the designation it can now retain mortgage servicing rights for GSE loans, as
[IMAGE] [COLUMN_BREAK]well as sell and pool loans into mortgage backed securities (MBS) and expand its product offerings.
""We are extremely pleased to be an approved seller/servicer with Fannie Mae after going through their rigorous approval process,"" commented John Walsh, president of Total Mortgage Services.
""Total Mortgage is committed to delivering the perfect mortgage, not only to our investors, but also to borrowers and this approval will further enhance our pricing advantage, while positioning us to leverage our operational infrastructure to drive our geographic and channel expansion,"" Walsh added.
Total Mortgage is licensed in California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Massachusetts, Maryland, Maine, Michigan, Mississippi, New Jersey, New York, New Hampshire, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, and the District of Columbia. Total Mortgage currently has five additional state licenses pending.
