Popular Financial Forms Servicing Unit

International financial services company subsidiary Popular Financial Holdings Inc. has created a new mortgage servicing subsidiary called Popular Mortgage Servicing Inc.

The company said the new unit is "the culmination of a strategic move for the company, which allows it to purchase third-party loan servicing rights from other lenders, along with interim servicing opportunities."

In addition to the new servicing unit, Popular Financial Holdings' mortgage operations include a wholesale broker network, Popular Financial Services; a mortgage and personal loan retail lending channel, Equity One; a warehouse lender division, Popular Warehouse Lending; and an online consumer direct lender, E-Loan.

It is a subsidiary of Popular Inc., a financial services provider with operations in Latin America and the Caribbean as well as in the United States and the U.S. commonwealth of Puerto Rico, where it is headquartered. (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com

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