Independent Creates Specialty Unit

Independent Mortgage Co., Anaheim, Calif., has announced the creation of a specialty products division offering second mortgages, home equity lines of credit, mortgages with high loan-to-value ratios, and mortgages offering 125% financing.The company said the division will create one-stop shopping for its branch affiliates by underwriting, processing, and funding all the loans they submit. It will also streamline and automate the loan process, Independent said. "As mortgage activity normalizes and shifts from a refinance environment to a purchase-driven market, providing a variety of loan products to meet diverse demands will be a strategic advantage," said Wolfgang Keuhn, sales manager of the specialty products division. Independent can be found online at http://www.independentmortgage.com.