National City Mortgage, Miamisburg, Ohio, and ServiceLink LP, Aliquippa, Pa., have announced the formation of NationalLink LP, a joint venture that will provide appraisal, title, and closing management services nationwide.Jeff Coury, ServiceLink's chief executive officer, said the new company "will focus on compressing the time to close loans while maintaining the ServiceLink quality standard and will operate as a seamless extension of National City Mortgage's loan fulfillment operations." The new company will be based in Aliquippa. National City originates residential mortgage loans through its 1,200 bank branches and a network of more than 500 wholesale and retail offices in 43 states, the company said. ServiceLink is a centralized loan closing management company. The companies can be found online at http://www.nationalcitymortgage.com and http://www.servicelinklp.com.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
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