Countrywide Mortgage Servicing Technology Goes Global

2007-03-08 10:33:40

( Financial )



Countrywide mortgage loans have served a major portion of the country’s mortgage industry. You will find countrywide mortgage lending offices strategically placed in 600 locations all over the country, in addition to several thousand mortgage brokers and mortgage banks (who act as correspondent lenders).

You will notice that through all the years of expansion and diversification Countrywide mortgage loans and services have remained at the core of its business model. As a result of this focus on the mortgage banking business, countrywide mortgage lending processes, technologies and operational efficiencies have become well developed.

You will thus understand why the impetus to use these competencies in mortgage markets outside the country increased, especially where the mortgage industry indicated a need for such levels of expertise.

Early in the decade, a joint venture was formed overseas and Countrywide mortgage services began to be offered in a new market. The technology and operational efficiency of countrywide mortgage loan processing services was successfully combined with the market expertise of the joint venture partner.

You now see the fee-based mortgage processing and loan servicing capability being offered to other lenders, possibly including those affiliated with marble credit, in the overseas market. In addition, automated property appraisal and valuation services technology has also been introduced as a professional service.

Countrywide mortgage experience in the secondary market for mortgages has also been brought overseas. You have to see this in the context of the need to develop secondary markets in countries around the globe and to help bring capital into these markets. With more liquidity, more homes will be constructed in these markets.

You will thus see countrywide mortgage-related capital markets and investment banking expertise being used in these global capital markets. This is done through a related role as broker and dealer of mortgage-backed securities and asset-backed securities, dealing with banks, building societies, insurance companies and other investors.


All rights Reserved © Tradenet Services srl
Do not duplicate or redistribute in any form.