TMS Strikes Deal To Sell Its Originations To AmeriSave

TMS focuses on being the world’s best servicer and top correspondent investor. AmeriSave turbocharges its originations business.

 

Melville, NY (January 7, 2019) — TMS, a national fintech and mortgage company, announced it has sold its originations line of business to Atlanta-based AmeriSave Mortgage Corporation, a national fintech lender. The expected originations volume is $1.5 billion in 2019. As part of the terms of the agreement, AmeriSave will welcome TMS employees associated with the business, and assume its new Plano, Texas and Chandler, Arizona offices.

 

“This is a perfect fit. AmeriSave brings years of delivering a truly exceptional, tech-forward experience to homeowners during originations as we do at TMS in servicing customers for the life of the loan,” said CEO Darius Mirshahzadeh. “We feel good knowing that they will take great care of our customers and our people while we double down on being the world’s best servicer.”

 

The acquisition for TMS is a strategic move to focus on revolutionizing Servicing with its award-winning customer service platform SIME – Servicing intelligence Made easy, and take a vertical approach to its core businesses. TMS, an award-winning Subservicer and Top 15 Correspondent Investor.

 

For AmeriSave, the acquisition marks the company’s efforts to scale its loan originations business.

 

“We are excited to welcome the TMS originations team and business to AmeriSave,” said President Mike Berte. “While we had a strong 2018, this acquisition kickstarts 2019, allowing us to expand our market share, add talented mortgage professionals in two terrific markets, and help more people realize the dream of homeownership.”

 

AmeriSave is known as a pioneer of digital origination. For the last ten years, the company has invested heavily in its proprietary technology creating a highly automated loan originations system that removes the friction that customers typically experience while obtaining a mortgage.  Many AmeriSave customers choose to “self-serve” all or most of their loan transactions with this intuitive software that drives speed and significantly lowers the cost to produce a loan.  In turn, AmeriSave passes this savings along to thousands of customers each month.  Recently, the company has embarked on significant expansion plans that include attracting top talent and considering other acquisitions.

 

For TMS, the shift away from originations provides TMS subservicing and correspondent clients more partner programs and technology that will advance its already state-of-the-art customer service offering, maximizing clients’ portfolio retention and amplifying customer lifetime value. Beyond SIME, TMS has patents pending for artificial intelligence, block chain and has new versions of its one-of-a-kind servicing app scheduled for 2019. The company also plans to expand its client partner programs with custom apps, websites, as well as marketing and compliance consultative services.

 

“We are widely recognized as having the most advanced subservicing technology platform in the business,” said Mirshahzadeh. “Transitioning originations to a pro like AmeriSave makes perfect business sense. Now, we can champion our clients’ success and deliver what the industry so desperately needs – a world class customer servicing platform and stellar loan performance – that we at TMS are so uniquely positioned to deliver.”

 

TMS will transition the originations business to AmeriSave in first quarter 2019.

 

About TMS TMS (The Money Source Inc.) is a different kind of company that does business in a different kind of way. Founded in 1997, with a mission to Grow Happiness, TMS is a fast growing fintech company that provides products, technology, speed of service and a unique customer experience to borrowers, clients and team members in their pursuit of happiness. TMS is a national lender and servicer licensed or exempt from licensing in all 50 states and the District of Columbia. For more information, visit TheMoneySource.com. NMLS# 6289.

 

About AmeriSave Founded in 2002, AmeriSave Mortgage Corporation is a leading fintech company best known for pioneering the first truly digital mortgage experience to borrowers. AmeriSave provides modern automation that drives speed and lowers cost to produce which enables AmeriSave to pass savings on to thousands of customers each month.  With six locations across America, AmeriSave is a national licensed consumer direct lender in 49 states, TPO and Retail . FNMA, FHLMC, GNMA approved. For more information, visit amerisave.com . NMLS ID #1168

 

 

AmeriSave Unveils Multi-Channel Messaging Through Partnership With Botsplash

Atlanta, Georgia – August 13, 2018 – Today’s customers want answers instantly, and AmeriSave Mortgage Corporation, NMLS ID #1168, understands the importance of being readily available to answer their questions.

Through a partnership with botsplash, an innovative digital messaging platform, AmeriSave is now able to connect their loan originators to consumers utilizing botsplash’s centralized messaging hub to engage with prospective customers via chat, text or Facebook. Custom integrations with AmeriSave’s proprietary systems enables a seamless process. This allows loan originators the ability to engage with customers across multiple messaging platforms with ease and convenience.

Not only does this technology simplify communication for loan originators, but it reaches customers when and where they want to be reached. “We strive for customer centric innovation and forward thinking outreach.  We aspire to communicate with our customers in any medium of their choice,” states Mike Berte, President of AmeriSave.

“AmeriSave has robust in-house proprietary systems managed by an innovative and agile team. This facilitated a quick and smooth integration of our platform into their ecosystem. AmeriSave understands the importance of digital engagement, and through this partnership we are thrilled to offer a platform for loan originators and customers to interact with convenience,” said Aru Anavekar, CEO, botsplash.

“Botsplash’s intuitive messaging platform empowers our sales and operations teams.  Applicants on 16 percent of our recently originated loans communicated through this platform at various stages of the mortgage process,” said Magesh Sarma, Chief Strategy Officer of AmeriSave.

AmeriSave Mortgage Corporation Named Top 10 Customer Satisfaction By LendingTree For Q1 2018

Atlanta, Georgia – April 12, 2018 – AmeriSave Mortgage Corporation was listed on LendingTree’s Top Ten Customer-Rated Lenders for Q1 2018, which was announced on April 12, 2018. AmeriSave was rated on offered rates, fees and closing costs, responsiveness, customer service and overall experience. The list features the top lenders in multiple loan categories including personal loans, business loans and auto loans.

“Once again AmeriSave has been recognized by LendingTree as one of their top lenders,” said Bob Smith, President of AmeriSave Mortgage Corporation. “I want to recognize the efforts of every team member, from loan origination to closing and beyond, who have played a part in this achievement. We will continue striving to retain a permanent spot on the LendingTree Top Ten.”

The quarterly “Top Ten” list is based on a weighted average of review rating and volume of customer reviews on the LendingTree (NASDAQ: TREE) website. This is AmeriSave’s twelfth appearance on the list in the past four years.

AmeriSave Named 3rd In Customer Satisfaction By LendingTree For Q4 2017

AmeriSave Mortgage Corporation Named Top 10 Customer Satisfaction By LendingTree For Q4 2017

Atlanta, Georgia – January 19, 2018 – AmeriSave Mortgage Corporation was listed on LendingTree’s Top Ten Customer-Rated Lenders for Q4 2017, which was announced on January 19, 2018. AmeriSave was rated on offered rates, fees and closing costs, responsiveness, customer service and overall experience. The list features the top lenders in multiple loan categories including personal loans, business loans and auto loans.

“Once again AmeriSave has been recognized by LendingTree as one of their top lenders,” said Bob Smith, President of AmeriSave Mortgage Corporation. “I want to recognize the efforts of every team member, from loan origination to closing and beyond, who have played a part in this achievement. We will continue striving to retain a permanent spot on the LendingTree Top Ten.”

The quarterly “Top Ten” list is based on a weighted average of review rating and volume of customer reviews on the LendingTree (NASDAQ: TREE) website. This is AmeriSave’s eleventh appearance on the list in the past four years.

AmeriSave Mortgage Corporation Named Top 10 Customer Satisfaction By LendingTree For Q3 2017

Atlanta, Georgia – November 1, 2017 – AmeriSave Mortgage Corporation was listed on LendingTree’s Top Ten Customer-Rated Lenders for Q3 2017, which was announced on November 1, 2017. AmeriSave was rated on mortgage rates, fees and closing costs, responsiveness, customer service and overall experience.

“Once again AmeriSave has been recognized by LendingTree as one of their top lenders,” said Bob Smith, President of AmeriSave Mortgage Corporation. “I want to recognize the efforts of every team member, from loan origination to closing and beyond, who have played a part in this achievement. We will continue striving to retain a permanent spot on the LendingTree Top Ten.”

The quarterly “Top Ten” list is based on a weighted average of review rating and volume of customer reviews on the LendingTree (NASDAQ: TREE) website. This is AmeriSave’s tenth appearance on the list in the past four years.

AmeriSave Loan Originator Rebekah Balkcom Was Named On The “Elite Women In Mortgage” List By Mortgage Professional America

Each year, Mortgage Professional America, or MPA, publishes a report highlighting the accomplishments of 100 women who are stars in the mortgage industry. AmeriSave employee Rebekah Balkcom was honored with the award for the second year in a row.

Rebekah has been with AmeriSave since the company was founded in 2002 and is consistently a member of the AmeriSave President’s Club. In 2016, Rebekah funded 260 loans with a total volume of $62,371,101.

Rebekah Balkcom

A big congratulations goes out to Rebekah Balkcom.

AmeriSave Named 3rd In Customer Satisfaction By LendingTree For Q4 2016

Atlanta, Georgia – February 13, 2017 – AmeriSave Mortgage Corporation was listed 3rd on LendingTree’s Top Ten Customer-Rated Lenders for Q4 2016, which was announced on February 13, 2017.  AmeriSave was rated on mortgage rates, fees and closing costs, responsiveness, customer service and overall experience.

“We are excited to once again be recognized by LendingTree as one of their top lenders,” said Ed Abufaris, President of AmeriSave Mortgage Corporation.  “This accomplishment is directly attributed to the level of customer service and professionalism our team exhibits through the entire mortgage process, beginning with loan origination through loan closing.”

The quarterly “Top Ten” list is based on a weighted average of review rating and volume of customer reviews on the LendingTree (NASDAQ: TREE) website.  This is AmeriSave’s seventh appearance on the list in the past two years.

About AmeriSave Mortgage Corporation

Founded in 2002 and headquartered in Atlanta, Georgia, AmeriSave Mortgage Corporation is one of the nation’s largest privately owned online home mortgage lenders. The company’s website provides homebuyers a simplified approach to the mortgage shopping, application and approval process. In 2010, AmeriSave established a Third Party Origination (TPO) division to provide funding for mortgage loans to community banks, credit unions, mortgage brokers and mortgage bankers. In 2014, AmeriSave expanded its footprint into retail lending in the southeast, California and Michigan. For more information about AmeriSave, please visit amerisave.com, on Twitter at @amerisave, and on Facebook at facebook.com/amerisave.

AmeriSave Employees Donate Food For Thanksgiving

With Thanksgiving just around the corner, AmeriSave’s Atlanta employees contributed over 600 items in our annual food drive for local families in need. Way to go team!

Thanks Agape Youth & Family Center for your continual outreach and service in the community, and for hosting this Thanksgiving Give-Away!

AmeriSave Advantage’s First Closing!

The AmeriSave Advantage program is up and running; helping families realize their dreams of homeownership!

This program is designed to help customers in the home buying process by giving them access to a network of local real estate professionals and providing them with a client coordinator who acts as a liaison between them and agents to ensure a smooth process and answer any questions.

Another added benefit of using AmeriSave Advantage is the possibility of receiving a cashback reward based on the purchase/sale price of the home. For example, a customer purchasing a home for $300,000 could receive a reward of $1,300. *

Saving money and adding value for customers continues to be a priority at AmeriSave, and we are excited to introduce you to Esther and her daughters Isabelle and Brielle of San Diego, California; our first family to close through AmeriSave Advantage!

Congratulations on the new home ladies!

AmeriSave Mortgage Corporation Launches AmeriSave Advantage, A Real Estate Assistance And Rewards Program

Atlanta, Georgia – June 2, 2016 – AmeriSave Mortgage Corporation, NMLS ID #1168, adds value for customers with its new real estate assistance and rewards program, AmeriSave Advantage.

The AmeriSave Advantage program helps customers who are buying or selling a home and do not have a local real estate agent by providing access to a network of local real estate agents. While the agent helps the customer find a home, a client coordinator provides a high touch client experience, acts as an advocate for the customer and resolves issues when needed.  After the transaction is complete, the customer may receive a cash back reward based on the purchase/sale price of the home. For example, a customer purchasing a home for $300,000 could receive a reward of $1,300.

“We are excited to offer the AmeriSave Advantage program,” said Barbara Johnson, Chief Operating Officer. “This program continues the AmeriSave tradition of saving money for consumers and links them with a nationwide network of real estate professionals to guide them through buying and/or selling their home.”

The AmeriSave Advantage program is powered by the Cartus Corporation, a leading provider of employee relocation solutions. More information on AmeriSave Advantage can be found at amerisave.com/advantage.

About AmeriSave Mortgage Corporation

Founded in 2002 and headquartered in Atlanta, Georgia, AmeriSave Mortgage Corporation is one of the nation’s largest privately owned online home mortgage lenders. The company’s website provides homebuyers a simplified approach to the mortgage shopping, application and approval process. In 2010, AmeriSave established a Third Party Origination (TPO) division to provide funding for mortgage loans to community banks, credit unions, mortgage brokers and mortgage bankers. In 2014, AmeriSave expanded its footprint into retail lending in the southeast, California and Michigan. For more information about AmeriSave, please visit amerisave.com, on Twitter at @amerisave, and on Facebook at facebook.com/amerisave.