Mid America Mortgage becomes Click n’ Close | national news

ADDISON, Texas, June 27, 2022 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) announced today that it has rebranded itself as Click n’ Close following the sale of the majority of its lending business retail at Houston-based Legend Lending. Click n’ Close will retain retail operations related to its Reverse and Native American Mortgage businesses and focus on providing innovative Down Payment Assistance (DPA) and Adjustable Rate Mortgage (ARM) products through through its Third Party Creator Channels (TPO).

“Mid America’s passion and focus has always been to drive the growth of our third-party origin channels, uncover untapped market opportunities that bring value to industry partners, and drive innovation through technology and automation,” said Jeff Bode, CEO of Click n’ Close. “As the company moves into its next iteration, we wanted to do so under a banner that would accurately reflect the values ​​and direction of our new leadership.”

In addition to its lending operations, Click n’ Close also plans to enter the mortgage technology space to help lenders realize the benefits of eMortgages. While Click n’ Close will launch several new products, some of its initial offerings have been developed as proprietary in-house technology under the Mid America Mortgage brand to power the company’s digital mortgage strategy. These products will now be made available across the industry to support lenders’ efforts to achieve an end-to-end digital mortgage process.

“The investments we’ve made in technology and the digital process have paid huge dividends, saving us up to $300 per loan file. We were then able to channel these savings into additional technology enhancements and the provision of specialized product offerings to address current housing market challenges,” Bode said. “Our goal now as Click n’ Close will be to focus these efforts to better serve the mortgage community, both from a lending product and technology perspective.”

About Click n’ Close, Inc.:

Click n’ Close, Inc., formerly known as Mid America Mortgage, is a multistate mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels and is also the nation’s leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click n’ Close has thrived by maintaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes.

Combining this culture of innovation with a risk management mindset enables Click n’ Close to bring new products to market that address the challenges faced by both borrowers and third-party originators ( OPT). These innovations include its USDA Single Closing Construction Loans, its Power Buyer Bridge Loan Program, its exclusive Down Payment Assistance (DPA) Program and its Reverse Mortgage Division. Its direct relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors allow Click n’ Close to directly access the capital markets, thus ensuring maximum liquidity for its product innovations. By managing its loan programs in-house, Click n’ Close provides its wholesale and correspondent partners with an added level of certainty regarding the saleability of the loan and superior service to the borrower throughout the life of the loan.

Learn more at https://www.clicknclose.com/.

SOURCE OF INFORMATION: Click n’ Close Inc.

This press release has been issued on behalf of the source of the information (Click n’ Close Inc.) which is solely responsible for its accuracy, by Send2Press® Newswire. Information is believed to be accurate but not guaranteed. Story ID: 82878 APDF-R8.6

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