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EMC Mortgage CorporationEMC Mortgage Corporation is a wholly owned subsidiary of The Bear Stearns Companies, Inc. Founded in 1990 with only ten employees, they today employ over 900 loan professionals. Mr. John Vella is the President and Chief Operating Officer of EMC Mortgage. Their executive management team includes Robert N. Pruett and William Glasgow, Jr., both with over 30 year in the mortgage profession. EMC Mortgage Corporation is a mortgage banking company that specializes in acquiring, securitization of, servicing and disposition of commercial and residential loans. Employee training is one of their chief priorities and every one of EMC’s staff members receives extensive training to ensure proficiency in the latest technology and industry practices. Their management team has in-depth knowledge of customer service, collections, loan workouts, foreclosure administration, and accounting. EMC’s mission is to be the “best-in-class mortgage service provider through: Commitment to our people, Building successful business partnerships, Continuous improvement, Ethical practices, and Maximizing profits.” Request a free mortgage quote today! >> EMC Mortgages is a purchaser of loans. They purchase loans that have performer poorly from various institutions and brokers. They also purchase newly originated loans and provide warehouse facilities for approved loan originators. Some types of loans their approved originators may finance are: Request a free mortgage quote today! >>Loans Funded by EMC Mortgage Corporation
Recent EMC Mortgage Corporation NewsEMC Mortgage also supports the communities which it serves. It has been recent contributor to Irving Cares, Ronald McDonald House, the United Way, and has sent food and personal items to our troops overseas. While EMC Mortgage claims to be on the alert for predatory lending practices, it is seemingly being investigated for just that sort of thing itself. On Dec 30 2005, Bear Stearns Cos., the fifth-largest U.S. securities firm, was told by the U.S. Federal Trade Commission to provide data and documents in connection with an investigation of mortgage lending to risky borrowers. Bear Stearns's EMC Mortgage Corp. unit, which buys and services home loans, received the demand following a Dec. 8 FTC resolution, according to a filing with the Securities and Exchange Commission. The New York-based firm said EMC Mortgage is cooperating with the government's inquiry. The filing didn't specify which data or documents EMC was told to provide. Bear Stearns spokeswoman Elizabeth Ventura wasn't available for comment. Peggy Twohig, an attorney in the FTC's Bureau of Consumer Protection, confirmed that the agency is investigating EMC Mortgage. She declined to comment further, saying FTC investigations are non-public. Request a free mortgage quote today! >> Bradford Mortgage is not directly affiliated with any mortgage broker or lender and cannot make any guarantee as to the lender affiliation of any broker or agent which contacts you. Company information on our site is for informational purposes only.
Bradford Mortgage is not directly affiliated with any mortgage broker or lender and cannot make any guarantee as to the lender affiliation of any broker or agent which contacts you. Company information on our site is for informational purposes only. This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states. |
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