Mortgage Connect Wins 2024 Connections Award for Adfitech Acquisition

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Mortgage Connect Wins 2024 Connections Award for Adfitech Acquisition

Company recognized for innovative rebrand of due diligence provider

 

EDMOND, Okla; July 30, 2024 –  Mortgage Connect LP – a national mortgage services provider for the nation’s largest financial institutions, investors, and servicers – has been named a 2024 Connections Award winner by Progress in Lending.

 

This award celebrates innovative partnerships, acquisitions and integrations that are actively advancing mortgage lending. Mortgage Connect was recognized for its acquisition and rebrand of Adfitech – a long-time provider of quality control, due diligence, fulfillment, and document management services for the mortgage industry.

Mortgage Connect acquired Adfitech in 2022, but this June, it officially announced its rebrand to Mortgage Connect Risk Solutions, effectively solidifying its entry into the third-party due diligence market. Mortgage Connect appointed widely recognized industry veteran Kim Hoffman to lead the new division. Now, with a team of seasoned mortgage experts in place, Hoffman is helping many of the nation’s leading lenders mitigate risk as they navigate current market conditions.

“We are thrilled to be recognized for the work we have done to acquire and grow one of the country’s best due diligence providers,” said Mortgage Connect CEO Jeff Coury. “With Kim leading the charge, we are committed to protecting clients from the risks inherent in mortgage lending with our team’s unparalleled knowledge, expertise and reliability. We are excited to show the industry what this next chapter holds for Mortgage Connect.”

 

About Mortgage Connect LP

Mortgage Connect is a national mortgage service provider that supports lenders, servicers, and institutional investors by providing solutions for the entire mortgage lifecycle. Founded in 2008, Mortgage Connect focuses on innovation, operational execution and the consumer experience. Mortgage Connect offers a robust portfolio of products and digital solutions for all lines of business within originations, servicing, and risk solutions, all of which can be tailored to meet the unique needs of each client. For more information, visit www.mortgageconnectlp.com.

Mortgage Connect’s Kim Hoffman Named HousingWire Woman of Influence

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 Mortgage Connect LP – a national mortgage services provider for the nation’s largest financial institutions, investors, and servicers – is pleased to announce that Kim Hoffman, president of Mortgage Connect Risk Solutions, has been named a 2024 Woman of Influence by HousingWire.

A widely known industry veteran with both CMB and AMP designations, Hoffman joined Mortgage Connect in February to head the company’s newly acquired due diligence segment, formerly known as Adfitech. Hoffman spearheaded the rebrand of Adfitech, which had served the mortgage industry for 40 years, to Mortgage Connect Risk Solutions. Under Hoffman’s leadership, Mortgage Connect Risk Solutions is positioned to become a premier provider of quality control and risk management services for the mortgage industry.

Hoffman has more than 30 years of experience leading large mortgage organizations, and her extensive background encompasses all aspects of residential mortgage lending and servicing at leading institutions including RBC, Nationstar, Morgan Stanley, Sutherland Mortgage Services, and Envoy Mortgage. Most recently, she served as Head of Mortgage Operations for SoFi Bank. This latest award marks the third time she has been recognized as a Woman of Influence by HousingWire.

“I am absolutely thrilled to accept this award from the industry’s leading publication,” said Hoffman. “This represents the incredible strides we are making at Mortgage Connect in the due diligence sector, leaning into smart technology and our talented team’s seasoned expertise to successfully mitigate risk for mortgage lenders navigating today’s market. I look forward to showing the industry what this next chapter holds for the industry’s most trusted due diligence provider.”

Now in its 15th year, HousingWire’s award recognizes women who are “shaping and propelling the housing economy forward with their impressive achievements.”

“HousingWire’s Women of Influence award is one of the housing industry’s highest honors, celebrating the most impactful and innovative leaders in mortgage and real estate,” said Clayton Collins, CEO of HW Media. “HousingWire is proud to honor such an exceptional group of female executives whose dedication to excellence and leadership is redefining success in housing.” 

 

About Mortgage Connect LP

Mortgage Connect is a national mortgage service provider that supports lenders, servicers, and institutional investors by providing solutions for the entire mortgage lifecycle. Founded in 2008, Mortgage Connect focuses on innovation, operational execution and the consumer experience. Mortgage Connect offers a robust portfolio of products and digital solutions for all lines of business within originations, servicing, and risk solutions, all of which can be tailored to meet the unique needs of each client. For more information, visit www.mortgageconnectlp.com.

Adfitech Rebrands as Mortgage Connect Risk Solutions

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Adfitech, a longtime provider of quality control and risk management services for the mortgage industry, has rebranded as Mortgage Connect Risk Solutions, a name that reflects its place under the umbrella of its parent company, Mortgage Connect LP.

Mortgage Connect – a national mortgage services provider for the nation’s largest financial institutions, investors, and servicers – acquired Adfitech in 2022 to expand its presence in the third-party due diligence market. In February, the company appointed widely known industry veteran Kim Hoffman, CMB, AMP, to head the company as President. Under Hoffman’s leadership, Mortgage Connect Risk Solutions is leaning heavily into technology-enabled solutions in the quality control, risk management and due diligence sector.

“This pivot to Mortgage Connect Risk Solutions is the final step needed to solidify our position as part of the Mortgage Connect family,” said Hoffman. “With the support of our parent company, we can continue to expand and offer the mortgage industry access to the most trusted, experienced quality control, risk management and due diligence solutions. We will leverage Mortgage Connect’s industry reputation to bring the thought leadership and innovation that the company is well known for.”

Mortgage Connect Risk Solutions, which is approved by all five major rating agencies, offers a comprehensive suite of services that includes all phases of mortgage quality control, mortgage due diligence and fulfillment, pre-funding quality control, servicing quality control, MERS registrations/transfers and annual attestations, TPRs, and secure loan document management. It provides these critical risk management services to more than 300 clients, including six of the top 10 mortgage lenders, several high-profile Wall Street firms, and numerous banks and independent mortgage companies.

“Mortgage Connect Risk Solutions is solely focused on protecting its clients from the risks inherent in mortgage lending, a mission that it started as Adfitech 40 years ago and one that it continues now as part of the Mortgage Connect family,” said Jeff Coury, CEO of Mortgage Connect. “As seasoned experts on loan quality, Kim and her team are dedicated to providing unparalleled knowledge, expertise and reliability for our clients. We are excited to show the industry what this next chapter holds for the industry’s most trusted due diligence provider.”

About Mortgage Connect LP

Mortgage Connect is a national mortgage service provider that supports lenders, servicers, and institutional investors by providing solutions for the entire mortgage lifecycle. Founded in 2008, Mortgage Connect focuses on innovation, operational execution and the consumer experience. Mortgage Connect offers a robust portfolio of products and digital solutions for all lines of business within originations, servicing, and risk solutions, all of which can be tailored to meet the unique needs of each client. For more information, visit www.mortgageconnectlp.com.

Mortgage Connect announces new President of Adfitech

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EDMONDS, OK; February 27, 2024 – Mortgage Connect, a national mortgage services provider that acquired Adfitech, Inc. in 2022 to expand into the third-party due diligence market, announced that Kim Hoffman, CMB, AMP has been appointed as the new President of Adfitech, which has been providing quality control and risk management services to the mortgage industry for 40 years. Hoffman will be tasked with refining Adfitech’s core service offerings and furthering its development as a technology-forward company. Hoffman will also be working with the existing team on growing Adfitech’s product offerings supporting capital markets. Hoffman succeeds Dru Jacobs, who will remain an adviser to the company before he transitions to a new opportunity.

Jeff Coury, CEO of Mortgage Connect, is excited about the direction of the company. “Kim brings a track record of strong leadership and industry experience. Her knowledge of the entire mortgage life cycle and deep experience with secondary market transactions form the perfect combination to elevate Adfitech to its next chapter of strategic growth. Kim’s impressive background and commitment to operational excellence and service delivery will assist Adfitech in the next phase of its bright future.”

Hoffman echoed those sentiments, stating, “I’m very excited about the opportunity to work with such a great team at Adfitech.  Having been a client of Adfitech in the past, I have experienced the quality of their work, commitment to risk assessment and prevention on behalf of customers firsthand. I would especially like to thank Dru for assisting with this transition and for his hard work building this tremendous team.” 

Hoffman is an industry veteran with more than 30 years of experience leading large mortgage organizations. Her extensive background encompasses all aspects of residential mortgage lending and servicing at premier institutions including RBC, Nationstar, Morgan Stanley, Sutherland Mortgage Services, and Envoy Mortgage. Most recently, she served as Head of Mortgage Operations for SoFi Bank.

About Adfitech

Adfitech was formed in 1983, is rating agency reviewed, and currently services all phases of mortgage quality control, mortgage due diligence and fulfillment, MERS TPR annual reviews and attestations, and secure loan document management. Adfitech uses a proprietary system to provide efficient service and accurate reviews to its customers. 

About Mortgage Connect LP Mortgage Connect is a national mortgage service provider that supports lenders, servicers, and institutional investors by providing solutions for the entire mortgage lifecycle. Founded in 2008, Mortgage Connect focuses on innovation, operational execution and the consumer experience. The company’s product portfolio includes national title and settlement services, loss mitigation and default services including critical communications, and capital markets services including title procurement and replacement, quality control, and third-party reviews. Mortgage Connect offers a robust portfolio of products and digital solutions for all lines of business within originations, servicing, and capital markets, all of which can be tailored to meet the unique needs of each client. For more information, visit www.mortgageconnectlp.com.

Ashwini Pednekar Promoted to Director, People and Culture

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Ashwini Pednekar will serve as Mortgage Connect’s new Director of People and Culture.

Pednekar will oversee talent acquisition, onboarding, employee relations, internal communications, HRIS, total rewards, and employee development. She also leads Mortgage Connects DEIB team.

Pednekar received her M.B.A in Human Resource Management in 2010 and has since held positions in the HR field in various industries ranging from online sales to education. She is also a certification in Conflict Resolution and is a certified HR Professional.  

Pednekar joined Mortgage Connect as Human Resources Business Partner in August of 2021 and later became the company’s Director of Employee Experience. Her goal is to support the organization while cultivating a culture of growth and inclusivity. “I am very excited for Ashwini to take on this new role. She has proven herself to be dedicated to learning and growing, and she is great at collaborating with the entire team. I look forward to working more closely with her in this new role.” Said Meghan Jones-Rolla, Chief Legal Officer & Chief Product Officer.

MORTGAGE CONNECT HIRES ALLEN ILLGEN AS NATIONAL SALES EXECUTIVE

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PITTSBURGH, Penn.; January 31, 2023 – Mortgage Connect LP, a national mortgage services provider for the nation’s largest financial institutions, investors, and servicers, has announced the hire of Allen Illgen to National Sales Executive, Originations.

Illgen will work directly with clients to provide expertise as they leverage Mortgage Connect’s suite of products to optimize their workflow by building greater efficiency and automation into their originations processes. For home equity lenders, Illgen will assist clients using Mortgage Connect’s ground-breaking proprietary FINTRAC technology to reduce costs, automate workflow, and move loans quickly and seamlessly from point-of-sale to close.

Illgen has more than 20 years of experience in the mortgage industry. He worked previously as Director of National Services for Title365, and prior to that as Vice President of National Sales at American Title and Vice President at Indecomm Global Services. Allen is recognized in the industry for his client-centric approach to business, taking the time to understand his client’s needs and finding the best-fit solutions. His results-driven attitude and extensive knowledge of mortgage originations and home equity have carried his successes throughout his career. 

“We are excited to welcome Allen to Mortgage Connect. Allen is a well-known and respected professional in our industry,” said Cristy Ward, Chief Strategy Officer and Executive Vice President of Mortgage Connect. “He brings a tremendous amount of expertise that will be a great benefit as we continue to expand our national footprint.”

Mortgage Connect has been providing cutting-edge solutions to mortgage lenders for 15 years, achieving success through its unwavering focus on innovation, quality, and customer service. Last year, Mortgage Connect made Inc. 5000’s list of Fastest-Growing Private Companies by growing 540% over three years. The honor marked the third consecutive time Mortgage Connect has made the Inc. 5000 list and the fourth time overall.

 “At Mortgage Connect, we are always focused on the consumer experience and how we can best serve clients through our innovative solutions, advanced technologies, and industry expertise,” said Jeff Coury, Chief Executive Officer of Mortgage Connect. “We are thrilled to welcome Allen to our team and know he will be an integral part in helping us deliver the level of service our clients are accustomed to.”

About Mortgage Connect LP

Mortgage Connect is a national mortgage service provider that supports the largest lenders, servicers, and institutional investors by providing solutions for the entire mortgage lifecycle. Founded in 2008 and headquartered in Pittsburgh, PA, Mortgage Connect maintains operations in strategic markets throughout the country with a strong focus on innovation, quality, and customer service. We offer a robust portfolio of services and digital solutions for all lines of business within originations, servicing, and capital markets, all of which can be tailored to meet the unique needs of each client. Our goal is to deliver an unparalleled consumer experience while reducing compliance risk and ensuring operational excellence at any capacity. For more information, visit www.mortgageconnectlp.com.

Media Contacts

Jacob Gaffney

817.471.7627

jacob@gaffneyaustin.com

MORTGAGE CONNECT MAKES INC. 5000 LIST OF FASTEST-GROWING PRIVATE COMPANIES FOR THIRD CONSECUTIVE YEAR

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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

MORTGAGE SERVICING VETERAN, JANE KENNEDY, TO SPEARHEAD DEFAULT SALES & STRATEGY FOR MORTGAGE CONNECT

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FOR IMMEDIATE RELEASE          

Mortgage Servicing Veteran, Jane Kennedy, to Spearhead Default Sales & Strategy for Mortgage Connect

Pittsburgh, PA; May 12, 2022 –  Mortgage Connect LP, a national mortgage services provider for the nation’s largest financial institutions, investors, and servicers, today announced that Jane Kennedy has joined the company as senior vice president of sales and strategy for the company’s default division.

In her leadership role, Kennedy will oversee the progression of key initiatives including enhancing the company’s comprehensive line of default services to meet the unique requirements of today’s servicers, investors and lenders. She will also lead Mortgage Connect’s national default sales team. Kennedy, an industry veteran, is extremely well versed in the mortgage and financial services sectors. She brings with her more than two decades of experience, starting her career as an attorney focused on the banking industry. Her tenacity and hard work led her to build strategic partnerships, initially working for Land America Lender Services, before heading to another mortgage servicing company where she had worked since 2009.

“Our focus on delivering best-in-class default and loss mitigation solutions starts with the partner experience,” said Jeff Coury, CEO of Mortgage Connect. “Jane will be a key part of realizing our goal of continuing to expand our model nationwide and enable partners to enhance efficiencies, increase velocity, and to mitigate risk – all essential components in today’s volatile market.”

Kennedy says the entrepreneurial spirit of Mortgage Connect and its client centric reputation provides the opportunity to create solutions for the unique issues facing each servicer, lender or investor and to provide clients with confidence in their vendor management partnerships.

“Having worked with Jane previously, I know that adding her skill set and 25 years of client relationships to Mortgage Connect’s Servicing business is truly differentiating,” said Meghan Jones-Rolla, Chief Operating Officer of Servicing and Capital Markets at Mortgage Connect.  “She’s the perfect combination of solving a client’s needs while also ensuring the highest quality services are accomplished.”

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:

Ellie Kadz

310.502.0012

MORTGAGE CONNECT ANNOUNCES ACQUISITION OF ADFITECH

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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