Amstar Revamps Correspondent Unit

Amstar Financial Services Inc., Jupiter, Fla., has announced the restructuring of its Synergy Mortgage Solutions correspondent lending platform.The company said Synergy has been relocated to Amstar's Miami facilities, where it will be managed by Charles Kluck and other Amstar executives with an eye toward expanding its business relationships with Florida-based correspondents. The restructuring is expected to reduce expenses by at least $350,000 this year and make the platform profitable, the company said. "This restructuring will keep Amstar in the correspondent market, with fixed costs held to a minimum," Amstar said. The Synergy unit can be found online at http://www.synergy-mortgage.com.