Mid America is a mortgage banking company primarily engaged in the business of originating, selling, and servicing residential mortgage loans. Mr. Bode has a demonstrated history of success, having managed three financial services companies and a mortgage software company during his career. Since its formation in the 1940's, Mid America has created a substantial footprint in the mortgage industry as a nationwide lender licensed in over 40 states with more than 300 employees.
Mr. Bode anticipates substantial cost savings from combining the two organizations. Cost reductions will come from a variety of sources, including the reduction of overlapping technology and the cost-effective management of vendor relationships and marketing expenses.
Further, the utilization of Mid America's proprietary software system, Mortgage Machine, will open doors for Affinity's operations staff. In addition, Affinity is expected to benefit by leveraging Mid America's broad product set to deepen relationships with existing Affinity customers. Similarly, Mid America is expected to benefit from the 21st century marketing strategies currently employed by Affinity with realtors, builders, and affinity groups across the country.
"We are very excited about the transaction and are looking forward to providing Affinity's clients with outstanding customer service," noted Mr. Bode. "We are working hard to avoid any disruption to Affinity's customers and will work in collaboration to ensure a smooth transition, while vigorously protecting the pipeline we acquired."
About Mid America:
Additional information about Mid America Mortgage, Inc. can be found on the company's website at http://www.midamericamortgage.com/about/.
NEWS SOURCE: Mid America Mortgage, Inc. :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®.