AmeriSave Launches Correspondent Unit

AmeriSave Mortgage Corp., Atlanta, has launched a correspondent lending division.

Ed Abufaris, executive vice president, said in a press release that division as part of a company that is a direct seller to the agencies aims to address “the gap in investor availability for lenders who fall within the zone between the GSEs and the large bank-owned correspondent private investors.”

The company said the national sales manager Craig Dodds will lead the effort.

Dodds previously has worked as an industry consultant, director of mortgage lending at Atlantic Coast Bank, and vice president, wholesale and correspondent  lending, PHH Mortgage.