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Article: Alliance Mortgage Company Awarded Sub-Servicing Contract for First Union Mortgage Loans.
- Article from:
- Business Wire
- Article date:
- November 16, 2000
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Business Editors
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Nov. 16, 2000
Alliance Mortgage Company announced today an agreement with First Union Mortgage Corporation (FUMC) in Charlotte, N.C., to sub-service approximately 70,000 mortgage loans, totaling over $9 billion. Under the agreement Alliance Mortgage Company will assume responsibility for payment processing, escrow disbursements, customer service and default management as part of the sub-serving function.
"We are very excited to be associated with First Union Mortgage Corporation and pleased that they have selected Alliance to sub-service their mortgage loans," said Rob Clements, President of ...