Evolve Mortgage Services Reorganizes Business To Accommodate Acquisitions

Evolve Mortgage Services, a provider of onshore outsourced mortgage services and technology to support fully digital eMortgages, reorganized its business lines to address a shifting mortgage market and growing demand for its services.

Evolve Mortgage Services reorganized its business lines to address a shifting mortgage market and growing demand for its services. To do so, the company created three new business units—originations, eMortgage and capital markets.

“Recently, the mortgage industry has experienced an expansion in loan product mix, with a new appreciation for private loan products,” said Evolve Mortgage Services CEO Paul Anselmo. “With brisk activity for agency and government loans and the rise in non-agency loan demand, the strategic realignments we are making will enable us to support any lender’s origination strategy.”

Gregg Meyer, who has served as president of Evolve since 2017, has been appointed president of the company’s originations unit. Meyer has been with Evolve since 2008 and has more than 30 years of mortgage banking experience.

“The recent industry shift has opened up new opportunities in the production markets,” Meyer said. “Today’s lenders are seeking more streamlined, scalable tools that allow them to originate non-agency loans as efficiently as loans going to Fannie Mae or Freddie Mac.”

The eMortgage unit will be led by Tim Anderson, who rejoined Evolve in August 2021 as director of eMortgage strategy. Anderson, a digital mortgage pioneer whose career spans 35 years, was previously with Evolve from 2007 to 2010. The company acquired E-Notary Seal LLC in back in early July 2021.

Mark Hughes, who joined Evolve in January 2020 as managing director, was named president of the capital markets unit. Hughes is a 35-year veteran of the mortgage capital markets and has held senior management positions at leading due diligence firms and solution providers for more than 20 years. In this new role, Hughes will lead the company’s closed loan review services across all products and clients, including third-party reviews for securitization.

Original Article Covered By The National Mortgage Professional.

Navi Persaud
Sep 08, 2021