AHMSI Re-Brands as Homeward Residential Inc.

The thirteenth largest servicer in the nation, Dallas-based American Home Mortgage Servicing, Inc., ""announced"":http://www.prnewswire.com/news-releases/homeward-residential-defines-path-forward-with-new-brand-identity-and-diversified-business-strategy-155410755.html Tuesday a company-wide re-launch under a new brand: ""Homeward Residential, Inc."":https://www.gohomeward.com/servicing/home.asp

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The new brand has been designed to reflect the company's full spectrum of offerings, which now extend beyond servicing to include loan settlement

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services, home valuation, property management and asset management for real-estate owned properties, and correspondent and warehouse lending.

""The name represents our understanding that homeownership is not a one-time event, but an ongoing journey,"" stated Rick Gillespie, Homeward's chief marketing officer with the company's announcement.

Homeward's CEO, David Applegate, began expanding the company's suite of offerings when he took his position in November 2010.

""We're pleased with our progress in becoming a full service mortgage banking enterprise and the partnerships we are building in providing lending, servicing and a variety of other home finance related services,"" Applegate stated with the Homeward's announcement Tuesday.

Homeward's current servicing portfolio includes about 373,117 loans totaling about $75 billion.

Having developed its warehouse and correspondent lending services last summer, Homeward expects to continue to expand these enterprises throughout the remainder of this year.