MortgageRamp, particularly through its BOSS Division--back office service and support--shares common business ground with Univest. Both companies provide due diligence services and underwriting support. MortgageRamp.com is a web location where the real estate industry can move from loan origination to closing in less time than traditional financial services models.
MortgageRamp debuted in April 2000 with technology that takes property information, double-screens it and matches it with appropriate lenders. A lender can then be selected. The lender receives pre-packaged data in its own submission form. Univest has been in business since 1985.
What the agreement will accomplish, the spokesperson explains, is to increase the number of professionals working on and scope of sales of MortgageRamp's services. MortgageRamp will be marketed by Univest's sales staff and available to its client base.
In a released statement MortgageRamp's president commented, "As a result of this relationship, MortgageRamp can further strengthen its commercial mortgage tools." Univest president Bill Posey added, "The alignment of our strengths was a natural evolution for the two companies." Posey concluded by predicting the success of MortgageRamp's Boss as a result of "our common client base and geographic location."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
