MReport March 2019

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TH E M R EP O RT | 41 S E C O N DA R Y M A R K E T ORIGINATION O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T LOCAL EDITION AmeriSave Acquires TMS' Originations Business AMERISAVE IS EXPECTED TO GENERATE $1.5 BILLION IN ORIGINATIONS IN 2019. GEORGIA // Fintech and mort- gage company the Money Source Inc. (TMS) announced that it had sold its originations business to Atlanta-based AmeriSave Mortgage Corporation. According to the agreement, AmeriSave will assume TMS' offices in Plano, Texas, and Chandler, Arizona. AmeriSave will also welcome TMS employees associated with this business into its fold. "This is a perfect fit. AmeriSave brings years of delivering a truly ex- ceptional, tech-forward experience to homeowners during origina- tions as we do at TMS in servicing customers for the life of the loan," said Darius Mirshahzadeh, CEO of TMS. "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." For AmeriSave, the acquisition marks the company's efforts to scale its loan originations business with the company expected to generate an originations volume of $1.5 bil- lion in 2019 through this business. "We are excited to welcome the TMS originations team and business to AmeriSave," President Mike Berte said. "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." TMS said that the acquisi- tion was a strategic move for the company as it moved its focus to servicing through its cus- tomer service platform Servicing Intelligence Made Easy and takes a vertical approach to its core busi- nesses. "We are widely recognized as having the most advanced subservicing technology platform in the business," Mirshahzadeh said. "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." For the last 10 years, AmeriSave has invested heavily in its propri- etary technology, creating a highly automated loan originations system that removes the friction that cus- tomers typically experience while obtaining a mortgage. Recently, the company embarked on significant expansion plans that include at- tracting top talent and considering other acquisitions. Boosting Buyer Confidence CHURCHILL MORTGAGE LAUNCHES "RATE SECURED" PROGRAM. TEXAS // Churchill Mortgage announced the launch of its "Rate Secured" program to lock eligible borrowers into an interest rate for 90 days after engaging with the lender, whether or not they have a home or property already selected. Churchill provides conventional, FHA, VA, and USDA residential mortgages across 46 states. Homebuyers are increasingly challenged by rising interest rates, which can entice them to prema- turely purchase a home before they are ready or avoid entering the market altogether. Following the success of its Certified Homebuyer Program, Churchill has introduced its Rate Secured program to give borrowers increased peace of mind as they navigate the homebuy- ing process. If the borrower does not find a home within that time frame, they can then easily reset the rate for another 90 days. More importantly, if interest rates should decrease during the lock time, the borrower will receive the lower rate at closing. "More than ever, borrowers need services such as these to help them make smarter mortgage decisions," said Tom Gillen, SVP of Secondary Marketing for Churchill Mortgage. "Coupled with our Certified Homebuyer Program, Rate Secured allows borrowers to shop for their dream home with the confidence that their loan will close seamlessly, and at a rate they can plan around." "In today's rising interest rate environment, buyers are more hesitant to enter the market and are appropriately cautious towards any future changes," said Mike Hardwick, Founder and President of Churchill Mortgage. "Through Churchill's 'Rate Secured' program, we are empowering borrowers to better plan their home searches by eliminating any surprises relative to their financing—all of which helps ensure a smarter mortgage process and better borrower experience." Movement Mortgage Heads West MOVEMENT MORTGAGE ACQUIRES EAGLE HOME MORTGAGE'S RETAIL OPERATIONS. WASHINGTON // Movement Mortgage is expanding its op- erations and reach in the Pacific Northwest and Mountain West market through the acquisition of Lennar's Eagle Home Mortgage's retail operations. The transaction is expected to add $1.5 billion in additional annual mortgage loan volume to Movement's origination platform, the company said in a statement. The acquisition will also increase Movement's national retail mortgage footprint by 230 additional mortgage professionals and 35 branch offices. "We want to grow, and we relentlessly look for purpose-filled, growth-minded mortgage professionals who want to make a meaningful difference in their industry and communities. We found all of those qualities and more in the team at Eagle Home Mortgage," said Casey Crawford, CEO, Movement Mortgage. "I'm excited and honored to welcome these talented individuals to Movement." The Eagle Home Mortgage assets are concentrated in the Pacific Northwest and Mountain West regions, including offices and operations in Washington, Oregon, Idaho, Wyoming, Utah, and Colorado. Movement expects to retain the staff across the acquired branch network and integrate the business with its existing retail network of more than 650 branches and 1,500 loan officers nationwide. "Movement provides our loan officers and support teams with the industry's best process and service, innovative technology and a culture that emphasizes caring for customers, teammates, and communities," said Kisha Weir, SVP, Eagle Home Mortgage. Movement kicked off the acqui- sition announcement with a four- day roadshow across four states, as executive sales and operations leadership visited Eagle associates in Seattle; Portland, Oregon; Boise, Idaho; and Denver. "In today's rising interest rate environment, buyers are more hesitant to enter the market and are appropriately cautious towards any future changes." —Mike Hardwick, Founder and President of Churchill Mortgage

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