Two mortgage servicing companies under the same corporate umbrella have integrated operations. The combined organization is based in Texas — like several other home-loan servicers.
The business operations of iServe Real Estate Operations Inc. and Irving, Texas-based iServe Servicing Inc. have been integrated, according to an announcement today.
Both units are subsidiaries of San Diego-based iServe Companies.
The combined units will operate as iServe Servicing. Richard Cimino is the chief executive officer of the merged business.
Cimino said the consolidation was the result of changing client needs.
The move “enables seamless collaboration between servicing and real estate operations units,” the statement said.
Other servicers that are based in the Dallas area include American Home Mortgage Servicing, Aurora Loan Services and Nationstar Mortgage LLC. Bank of America Home Loans and MetLife Home Loans also have servicing operations in the area.
