February 10th Network Spotlights: The Weekly Collaborative

At the height of the financial crisis in 2008 in Atlanta, Kim Nelson launched BankSouth Mortgage with only 10 employees. Kim was named a 2016 “Woman Who Means Business” by the Atlanta Business Chronicle for making a difference in her community, trailblazing for others, and leaving a mark on business in Atlanta. A subsidiary of BankSouth, the mortgage company has now grown to include more than 200 employees, with 10 branch offices located throughout the state of Georgia and one in South Carolina under Kim’s leadership.

Since inception, BankSouth Mortgage has achieved over $1 billion in annual production volume and has earned the #1 spot for purchase market share and new construction purchase market share in one of the most competitive real estate markets in the country. With core values focused on community, commitment, cohesion and commendation, they deliver on their motto of ‘experience mortgage excellence, as the company has consistently been recognized as an Atlanta Business Chronicle’s Best Places to Work. 
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We’re thrilled to welcome the entire team at BankSouth Mortgage to our TMC Family and can’t wait to share the Power of the Network with you in 2020 and beyond!

Happy Birthday to Plaza Home Mortgage® – Plaza is 20 years old in 2020! And since 2000, Plaza has been a proven national leader dedicated to Wholesale and Correspondent lending. Plaza built its business on relationships and a deep understanding of the needs of the TPO community and their correspondent clients.

​Everyday Plaza’s National Correspondent sales team offers banks and mortgage banks liquidity and quick execution through a wide variety of programs, and buy-back protection through its exclusive Certified Loan Program. Plaza offers a full range of agency, non-agency, FHA/VA/USDA, renovation, non-QM and even reverse programs through their National Correspondent channel, and maintains a number of regional loan underwriting and operations centers in major U.S. markets.

Plaza's Certified Loan Program protects their correspondent clients from loan manufacturing defects such as underwriting errors, fraud and misrepresentations; including defects from compliance, miscalculation of income, occupancy, undisclosed debts and appraisal issues. Plaza helps protect correspondent lenders at no additional upfront cost to them, thus substantially mitigating correspondent repurchase risk.

Plaza’s National Correspondent Sales and Operations staff knows their clients and their business challenges and are completely focused on what their clients need. Backed by best-in-class resources and the expertise that comes from depth of experience in their roles, Plaza Account Executives are empowered to provide personal attention and problem-solving skills that will help their clients be more successful.

And the best part – Plaza never competes with their correspondent lenders, since they have no traditional retail or consumer-direct lending channels. That means your clients stay with you even after the loan sale!

And, be sure to talk with Plaza about their wealth of correspondent renovation programs for your clients that are looking update their homes. Click here to see more!

If you’re attending TMC’s 2020 Winter Conference, be sure to meet with Kirk McClain, Steve Oberembt or Jacqueline Detrick in NOLA!