First United Bank has reason to celebrate, with the company├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós recent announcement that its mortgage servicing division├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós portfolio has ballooned to more than $1 billion. The Oklahoma-based financial institution will now be able to serve even more customers in its home state and Texas thanks to its achievement.

Lewisville, Texas, will gain 700 new employment opportunities courtesy of JPMorgan Chase & Co. The financial institution is set to open a major mortgage servicing center in the area, adding to 2,000 area workers.

Private holding company JGWPT, which recently announced the acquisition of J.G. Wentworth and Peachtree Financial Solutions, has made another advancement, with the launch of its reverse mortgage division. The newly formed reverse mortgage segment will operate as part of the Peachtree group of companies and will be based in Boynton Beach.

With its recent participation in a major commercial mortgage loan securitization, Starwood Property Trust, Inc. is enhancing its debt-related funding. The transaction, led by Deutsche Bank Securities, Inc., included four first mortgage loans contributed by Starwood, which when combined carried an aggregate principal balance of $154.

In Indianapolis, Indiana, Royal United Mortgage LLC is creating more than 140 jobs with its planned expansion. The company recently announced its intention to install a new office in the north sector of the city, which will result in adding a high number of new employees between now and 2013.

A new offering from CoreLogic is set to boost Mortgage Builder Software├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós programming, with the recent addition of a CoreLogic-driven verification component that will allow for the integration of tax return income.

Overture Technologies, Inc., has been partially acquired by CompuGain Corporation and its mortgage division is now a wholly-owned subsidiary of the company. Overture, a software solutions company for the mortgage and educational finance industries, sold its mortgage component to CompuGain and will continue to operate as Overture Financial Solutions under the CompuGain banner.

Sperlonga Data and Analytics welcomes Brent Stokes as its choice for the company├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós newly created position of senior vice president. Stokes brings veteran experience earned over a 26-year career in the mortgage industry to his new role, which encompasses Sperlonga├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós homeowners association-oriented programs for lenders, investors, servicers, and other stakeholders.

Big lenders are set to unload up to $5 billion in commercial mortgage bonds, with planned securities offerings scheduled in September and October. Participating financial institutions include Goldman Sachs Group Inc., Citigroup Inc., Bank of America Corp., Morgan Stanley, Wells Fargo & Co., Royal Bank of Scotland Group Plc, and JPMorgan Chase & Co. The upcoming bond sales are largely attributed to the effects of struggling U.S. employment numbers, the European debt crisis, and the resistance against debt.

Another acquisition for PSM Holdings, Inc. is in the works, with the company├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós announcement that it has established a letter of intent to purchase Iowa Mortgage Professionals, Inc. This is the third such move by PSMH.