Waterfield Picks ATM to Build New Unit

ATM Corp. of America, Moon Township, Pa., has been awarded a consulting and technology contract to develop a national settlement services company for a subsidiary of Waterfield Mortgage Co., Fort Wayne, Ind.ATM said the new company, Quantum Settlement Services LLC, will be developed for Waterfield Financial Corp. and will be located in Fort Wayne. It will use ATM Vision System's application service provider model as its technology-processing platform. Scott L. Metzger, president of Quantum, said the establishment of the company "will provide Waterfield with maximum flexibility in responding to potential [Real Estate Settlement Procedures Act] reform and the trend toward guaranteed mortgage packages." ATM, located in a suburb of Pittsburgh, can be found online at http://www.atmprof.com.