Global Equity Uses Guardian
Guardian Mortgage Services here is managing 100% of Global Equity Lending's document preparation, closing coordination and post-closing. GMS is a division of Guardian Mortgage Documents that provides customized outsource solutions to lenders of all sizes and serves as an alternative to managing back-office operations internally.
Global Equity Lending, Suwanee, Ga., is a $2.7 billion residential retail lender that is transitioning from being a mortgage broker to being a mortgage banker. The company projects 2006 loan origination volume of about $3.5 billion.
GMS was brought on board in mid-2005 to replace a previous closing services provider. "We are committed to providing our sales force with the infrastructure and tools it needs to be successful," said David Stockley, president of Global Equity Lending, in a news release.
The company attributed the decision to use GMS to the company's strategic location, helping the company service the state of California, where much of Global Equity's business is done.
GMS uses a proprietary Transaction Management System to automate vendor management, document production, management functions and workflow into one centralized, paperless model.
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