Archive for category: News

Company continues to grow national footprint with 540% growth in three years

PITTSBURGH, PA; August 23, 2022 – Mortgage Connect LP, a national mortgage services provider for the nation’s largest financial institutions, investors, and servicers, announced today that it has made Inc. 5000’s list of Fastest-Growing Private Companies, coming in at No. 1200, achieving its highest ranking to date.

The ranking recognizes the company’s 540% growth over the last three years as it successfully expands operations to accommodate more customers nationwide.

This is the third consecutive time Mortgage Connect has made the Inc. 5000 list and the fourth time overall. It first earned the recognition in 2017, coming in at No. 1504. Then, in 2020 and 2021, it was ranked No. 3866 and 1476 respectively.

“The Mortgage Connect team is honored to be recognized again by Inc. 5000 for its continued growth in a market that is currently facing many challenges,” said Jeff Coury, Chief Executive Officer of Mortgage Connect. “This ranking reflects our commitment to bring quality services and innovation to the mortgage lending space – principles that have guided us from the very beginning, when we founded Mortgage Connect more than a decade ago. With this foundation, we have grown to become one of the country’s largest independent mortgage service providers.”

The annual Inc. 5000 list ranks privately held companies by revenue growth between 2018 and 2021. According to Inc., the companies selected have demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19.

“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, Editor-in-Chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”  

The complete list of 2022 Inc. 5000 winners can be found at www.inc.com/inc5000.

About Mortgage Connect LP

Mortgage Connect is a Pittsburgh, PA headquartered national mortgage service provider, serving the Origination, Default, Valuation, and Capital Markets sectors.  With additional offices in New York, Texas, California, Colorado, Nevada and Alabama, the company offers customizable solutions to the nation’s largest lenders and servicers, including 17 of the top 20.  Through its serve-first culture, Mortgage Connect and its subsidiaries are committed to an unwavering level of communication, education and customer service on each transaction and strive to leave an overwhelmingly positive and lasting impression with their clients and consumers.  For more information, visit www.mortgageconnectlp.com.

Contact:

Justine Irish

JIrish@valuationconnect.com

FOR IMMEDIATE RELEASE          

Mortgage Connect Announces Acquisition of ADFITECH

Purchase Accelerates Company’s Capital Markets Offerings and Expands Quality Control Solutions for Its Mortgage Origination and Servicing Divisions

Pittsburgh, PA; April 12, 2022 –  Mortgage Connect LP, a national mortgage services provider for the nation’s largest financial institutions, investors, and servicers, formally closed a deal today for the purchase of ADFITECH, Inc.

For 40 years, ADFITECH, which is an approved third-party review (TPR) firm, has established itself as a premium provider of outsource mortgage services, including quality control, due diligence, fulfillment, and document management services. Founded in 1983, the company is one of the very first mortgage quality control companies and currently serves over 500 diverse clients, including six of the top 10 lenders, Wall Street firms, and numerous banks and mortgage operations.

ADFITECH’s long standing compliance and loan quality expertise complements Mortgage Connect’s existing origination, servicing and capital markets suite of products and services.  Beyond offering title and valuation due diligence, Mortgage Connect is now well equipped to deliver a full suite of credit, compliance, and servicing reviews catered specifically to secondary market participants buying, selling, or structuring residential mortgage-backed securitizations (RMBS).

“We’re excited to welcome ADFITECH to our family of companies. This acquisition significantly scales up our capital markets offerings and delivers essential risk management, servicing, and capital markets securitization services, all under one roof,” said Jeff Coury, CEO of Mortgage Connect. “We will continue strategic investments in technologies, intelligence, and solutions to help clients efficiently navigate market demands while reducing the risks associated with loan quality.”

Under the continued direction of ADFITECH leadership, including Founder and CEO Tom Apel and President Dru Jacobs, the entire ADFITECH executive team and staff will remain on board and align synergies with Mortgage Connect to leverage its value proposition and best-in-class services for clients and their consumers.

“This partnership creates a national leader of services for the mortgage industry with a strengthened foundation better able to serve our clients in both times of interest rate uncertainty and origination volume growth,” Apel said. “Further, our partnership with Mortgage Connect creates an opportunity to continue to accelerate our technology investments that will create a truly differentiated provider for the mortgage industry.”

About Mortgage Connect LP

Mortgage Connect is a Pittsburgh, PA headquartered national mortgage service provider, serving the Origination, Default, Valuation, and Capital Markets sectors.  With additional offices in New York, Texas, California, Colorado, Nevada and Alabama, the company offers customizable solutions to the nation’s largest lenders and servicers, including 17 of the top 20.  Through its serve-first culture, Mortgage Connect and its subsidiaries are committed to an unwavering level of communication, education and customer service on each transaction and strive to leave an overwhelmingly positive and lasting impression with their clients and consumers.  For more information, visit www.mortgageconnectlp.com.

About ADFITECH, Inc.

Founded in 1982, ADFITECH has earned an impeccable reputation in the mortgage industry as the premier provider of outsourced mortgage quality control, due diligence and mortgage fulfillment services. From its 15-acre corporate campus in Edmond, Oklahoma, ADFITECH’s army of dedicated employees review and validate countless pieces of critical information vital to the wellbeing of an ever increasingly regulated mortgage industry.  For more information on ADFITECH, visit ADFITECH’s website at www.adfitech.com.

Contact:

Ellie Kadz

310.502.0012

Pittsburgh, PA – June 7, 2021 – Valuation Connect, an appraisal management company and division of Mortgage Connect LP, today announced Shawn Murphy as its Executive Vice-President of Traditional Appraisal Operations.

“We are thrilled to have Shawn as part of our leadership team.  He is a senior executive with a proven track record of driving growth and profitability. He has an entrepreneurial mindset with a focus on strategy and business plan execution, balancing customer experience and operational efficiency,” stated Jeff Coury, Mortgage Connect LP Chief Executive Officer.  

Having spent the past 15 years in various leadership roles for ValuAmerica, Inc. (n/k/a Radian Settlement Services, Inc.) Shawn studied every facet of the mortgage industry early on. From sales and marketing to management, client services and information technology – Shawn has done a little bit of everything in the industry, making him an incredible asset.  Shawn and his family are renowned figures in the mortgage services industry. Shawn’s father, Robert (Bob) Murphy Jr., founded Lender’s Service, Inc. (LSI) in 1977. 

Shawn has held titles at nearly every level of hierarchy and considers himself a person who doesn’t fit into a box, instead adapting to the inevitable curve balls the mortgage industry throws.

“The entrepreneurial environment that Jeff Coury and Valuation Connect offer makes a huge difference. My background is working in public and political offices as well as family-owned companies,” Shawn stated. “I’m thrilled to join Valuation Connect at a time when the enterprise has experienced sustainable growth and I plan to continue that growth path without disruption.”

As EVP of Traditional Appraisal Operations for Valuation Connect, Shawn will manage the day-to-day operations. He says he’s already immersed himself into his work and is thrilled to be back at the roots of the industry. 

“I’ve had the opportunity to get to know Shawn over the years and was always impressed with his knowledge.  Shawn is experienced in several areas of mortgage servicing, but having him oversee traditional appraisals is at his core. I anticipate Shawn to thrive in his role,” Jeff Coury added.

About Valuation Connect

Valuation Connect is a subsidiary of Mortgage Connect. We are an appraisal management company, managed by a team with an average of 25 years of experience in the appraisal industry.

About Mortgage Connect LP

Mortgage Connect is a Pittsburgh, PA headquartered national mortgage service provider, serving the Origination, Default, Valuation, Critical Communications, and Capital Markets sectors.  With additional offices in New York, Texas, California, Colorado, Nevada and Alabama, the company offers customizable solutions to the nation’s lenders and servicers, including 4 of the top 5 and 17 of the top 20.  Through its serve-first culture, Mortgage Connect and its subsidiaries are committed to an unwavering level of communication, education and customer service on each transaction and strive to leave an overwhelmingly positive and lasting impression with the consumer, loan officer and the client. For more information, visit www.mortgageconnectlp.com.