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EMC Mortgage

EMC Mortgage company is a wholly owned subsidiary of The Bear Stearns Companies Inc. They are a mortgage banking company that specializes in the acquisition, securitization, servicing, and disposition of residential loans. Demonstrating proven success built on a foundation of providing competitive pricing and excellent portfolio management. This disciplined focus has allowed the company to grow from 10 employees in 1990 to more than 1,000 professionals today.

Loans Funded by EMC Mortgage

EMC’s track record in providing quality customer service to their borrowers, and excellent portfolio servicing to investors, is largely attributable to the expertise of the company’s management and staff. They are among the most experienced in the industry; the management team has in-depth knowledge of customer service, collections, loan workouts, foreclosure administration, and accounting. Including keeping the customer in mind, EMC claims to grasp the firm’s value maximization philosophy and company strategy of thinking creatively. Regardless of investor, they strive to conduct each servicing function as if it were being administered to the companies own asset. Employee training is a top priority with emphasis on regulatory compliance and collections. They continuously examine methodologies, think creatively, and exercise financial prudence in every step of the servicing process. All employees receive extensive training to ensure proficiency in the latest technology and industry practices. They promote advancement from within through team building and management training, which allows them to retain the best employees in a highly competitive Dallas-Fort Worth labor market.

The company is a member of the MBA, and they service over 440,000 loans.

Recent EMC Mortgage News

United Companies Financial Corporation, which has been operating in chapter 11 reorganization since March 1, 1999, announced that it signed a letter agreement for the sale of substantially all of the assets related to its mortgage servicing, whole loan portfolio and residual interests to EMC Mortgage Corporation, a wholly-owned subsidiary of The Bear Stearns Companies, Inc., for an aggregate purchase price of approximately $895 million subject to adjustments.

GHR Systems, Inc., one of the nation’s leading providers of lending automation solutions, said that EMC mortgage has selected GHR to deploy and support its Wholesale Origination Website. EMC specializes in ARMs and provides several specialized lending programs that offer financing ranging from sub-prime to NoDoc multimillion-dollar loans.

The Company will deploy GHR’s Wholesale Origination Website to streamline loan origination for brokers and supporting account executives. Users will have access to pre-qualification, application validation, product decisioning and loan qualification tools, pricing and rate locking. EMC will be able to efficiently generate more loans and reduce production costs using the Wholesale Website’s host of interactive features.

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