NMP - December 2016 - 43


businesses be as successful as
possible. Julie serving as the
NCRA president will empower us
to be informed and equipped to
rise to the challenging demands
our industry makes on us all."
loanDepot Acquires Title
and Settlement Service
Providers

American Pacific Mortgage
Celebrates Its 20th
Anniversary
American
Pacific
Mortgage
Corporation
(APM) has announced its 20th

year as a mortgage banking
company in the Western
United States. APM has
achieved two decades of
innovation and steady growth
and now ranks as the 15th
largest mortgage company in
the country, employing more
than 2,300.
"Since 1996, the mortgage
industry and our company
have gone through a lot of
regulatory changes, and
certainly some highs and
lows," said Bill Lowman, CEO
and president of APM. "One
thing that has never changed
is our unwavering commitment

to support our branch
managers and loan officers."
APM is a purchase-focused
retail mortgage lender with a
strong record of achievements,
including ending 2015 with $8.1
billion in loan production, an
increase of $3 billion from 2014.
"We're profoundly excited
that the culture we built gives
us the opportunity to continue
to serve our customers while
making a statement about how
companies in America can be
run," said Kurt Reisig, chairman
of APM.
continued on page 48

43

NationalMortgageProfessional.com

n National Mortgage Professional Magazine n DECEMBER 2016

loanDepot has announced that it
has completed the acquisition of
Closing USA (CUSA), a national
title, escrow and settlement
company and it has entered into a
definitive agreement to acquire its
affiliate, American Coast Title
(ACT). Upon closing of both
companies, loanDepot's national
licensing footprint for title, escrow
and settlement services will
expand to more than 30 states and
Washington, D.C., while driving
increased revenues through both
loanDepot and business partner
channels. The ACT transaction is
expected to close in the second
quarter of 2017, pending
regulatory approval. The terms of
the transactions were not
disclosed.
"This move is part of
loanDepot's long-term growth
strategy, which includes strategic
acquisitions intended to expand
our portfolio with like-minded
companies that share our culture
and allow us to leverage existing
operations, our proprietary
technology, and our capabilities to
their fullest," said loanDepot
Chairman and CEO Anthony Hsieh.
"This team of 120-plus
professionals is a natural fit for
loanDepot, positioning us to drive
increased business and strengthen
our existing capabilities through
state-of- the-art technology,
bundled services and increase
capacity."
Together, the CUSA and ACT
team provide real estate
transaction services for lenders
across the nation, including
escrow closings, title insurance,
and searches for title, tax, liens
and encumbrances for new and
refinanced loans along with default
services for foreclosed properties
and commercial title insurance.
With offices in Rochester, New
York and Orange County,
California, they will continue to
operate as stand-alone entities.
Closing USA President Elliot Foo
and Chief Operating Officer Tom
Vento will continue leading their
teams.
"We've worked closely with
loanDepot's management for
years, which has created highly
complementary cultures and tech-

enabled processes," said Foo.
"We're very excited to join the
loanDepot team, and look forward
to being at the forefront of modern
lending as a member of a
category-leading team committed
to helping responsible borrowers
achieve their dreams."


http://www.NationalMortgageProfessional.com http://www.secureinsight.com

Table of Contents for the Digital Edition of NMP - December 2016

Contents
NMP - December 2016 - Cover1
NMP - December 2016 - Cover2
NMP - December 2016 - 1
NMP - December 2016 - Contents
NMP - December 2016 - 3
NMP - December 2016 - 4
NMP - December 2016 - 5
NMP - December 2016 - 6
NMP - December 2016 - 7
NMP - December 2016 - 8
NMP - December 2016 - 9
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NMP - December 2016 - 11
NMP - December 2016 - 12
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NMP - December 2016 - 15
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NMP - December 2016 - 112
NMP - December 2016 - Cover3
NMP - December 2016 - Cover4
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