News : Impac Mortgage Holdings, Inc. Acquires of CashCall’s Mortgage Operations
Irvine, CA, Jan 8, 2015 -- Impac Mortgage Holdings, Inc. (NYSE MKT: IMH) ("Impac" or the "Company"), is pleased to announce its subsidiary, Impac Mortgage Corp., has signed a definitive agreement to acquire the mortgage operations of CashCall, Inc. ("CashCall").
CashCall’s mortgage operations will operate as a separate division of Impac Mortgage Corp. under the name CashCall Mortgage.
The Company considers the acquisition to be a major strategic accomplishment for Impac Mortgage Holdings, Inc. as it adds a centralized retail call center to Impac Mortgage Corp.’s current business to business origination channels.
CashCall Mortgage’s operations are a centralized retail call center where loan applications are received and taken by loan agents directly from consumers and through the internet.
Impac Mortgage Corp. has been doing business with CashCall on a correspondent basis since 2013, and CashCall’s overall loan performance and delivery has reinforced Impac’s decision to complete the acquisition.
Posted by Veronica Silva Cusi, news correspondent
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About CashCall, Inc.:
Founded in 2003, CashCall, Inc. is one of the nation's premier lenders. Headquartered in Orange, California, the company employs leading-edge lending professionals, each dedicated to providing exceptional customer service.
Published: Monday, January 12, 2015