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44 | Th e M Rep o RT O r i g i nat i O n S e r v i c i n g a na ly t i c S S e c O n da r y m a r k e t SERVICING Department LocaL eDition carrington expands indiana Presence The company's new wesTfield faciliTy is expecTed To creaTe 360 area jobs. INDIANA // Santa Ana, California-based Carrington Mortgage Services announced last month its intention to expand into the Central Indiana city of Westfield. The expansion will create up to 360 high-wage jobs by 2019, the company said. Carrington plans to invest $3.17 million to renovate a 77,000-square-foot facility in Westfield and have it operational by the end of the year. "As a reputable mortgage company, Carrington Mortgage knows the importance of making sound investments," Indiana Governor Mike Pence said in a statement. "Home to a balanced budget and triple-A credit rating, Indiana's business environment is stable and strong. We are excited that Carrington Mortgage recognizes our talented workforce and commitment to keeping taxes low and has chosen Indiana as a fixture in its long-term business plan." Among the positions for which Carrington will be hiring at the new Westfield facility are underwriters, sales and marketing professionals, servicing specialists, and customer service representatives. The company currently employs more than 1,000 associates in multiple branches nationwide, including more than 180 in Indiana. "Indiana's cost-competitive business environment and the strength of the Central Indiana workforce made Westfield an ideal location for Carrington to continue to grow," said John Alkire, EVP of Carrington Mortgage. "We look forward to expanding our footprint in Indiana and contributing to the local economy while extending our services and exceptional home financing products to our clients." assurant Specialty Property acquires emortgage logic acquisiTion builds on assuranT's exisTing soluTions wiTh enhanced offerings. TEXAS // Assurant Specialty Property announced in September that the company acquired eMortgage Logic, LLC, in an effort to expand its risk management offerings for the mortgage industry. eMortgage Logic is a provider of residential valuation products and valuation technology services. Assurant purchased eMortgage Logic for an initial payment of $17 million in cash, with a possible earnout payment based on future performance, according to the company. "This acquisition builds on our core strengths in serving the mortgage industry," said Gene Mergelmeyer, president and CEO of Assurant Specialty Property. "More than ever, we can serve mortgage originators, servicers, and capital markets investors with a comprehensive suite of risk management solu- tions, from insurance to valuation to property preservation." According to Mergelmeyer, eMortgage Logic augments Assurant Specialty Property's existing offerings and supports the company's business strategy as it works to provide end-to-end services to mortgage and lending institutions. Based in North Richland Hills, Texas, and founded in 2002, eMortgage Logic, which will retain its brand name, is ex- pected to generate approximately $35 million annually in fee income from mortgage servicing and capital markets customers, according to company sources. "We're thrilled to join Assurant, a leader in risk man- agement for the mortgage indus- try and a Fortune 500 company with a strong financial founda- tion," Ralph Sells, co-founder and CEO of eMortgage Logic, said in a statement. "In this dy- namic environment, local market valuation is a vital part of man- aging risk. We look forward to the opportunities created by this combination, which will enable us to better serve our clients' evolving needs." idS launches compliance resource new websiTe seeks To open up lines of communicaTion wiTh cusTomers. UTAH // International Document Services, Inc. (IDS), has launched a new comprehensive "Resources" website within its flagship mortgage document preparation system, idsDoc. The main feature of the site, a compliance-focused blog au- thored by IDS compliance officer Jonathan Johnson, was first made available to IDS clients through the platform in early August. Johnson says the website will serve as the company's com- munication platform to inform customers of changes made to documents or to its system. However, that isn't the site's only purpose. "Each blog post also features a general message that reflects on current trends in the industry or other information of inter- est to the mortgage compliance community," Johnson explained. "I believe that IDS customers can really benefit from the added communication regarding our services along with the other tools—like the fully interactive State Disclosure Matrix—we're making available on our site." "Lenders are being constantly inundated with changes to mortgage regulations, and it's important for them to educate themselves in order to maintain compliance," added Mark Mackey, EVP for Utah-based IDS. "By making the knowledge our com- pliance staff possesses available to clients in an easily digestible format, IDS is making good on its commitment to helping its clients generate zero-defect, fully compliant mortgage docs." SERVICING Santa Ana, California- based Carrington Mortgage Services announced last month its intention to expand into the Central Indiana city of Westfield.