iServe Residential Lending Hires Two Seasoned Lending Veterans to Continue Expanding Lending Platform and Products

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iServe Residential Lending Hires Two Seasoned Lending Veterans to Continue Expanding Lending Platform and Products

San Diego, CA, August 15, 2013 – iServe Residential Lending, LLC (“iServe Residential Lending” or “iSRL”), an approved GNMA Seller/Servicer, and a subsidiary of National Asset Direct, Inc. (“NAD”), announced today the hiring of industry veterans John McDade to lead iSRL’s continued pursuit of government lending with a specific focus on VA Lending and Dennis Phillips as a Business Development Manager/National Sales Coach.

Ken Michael, Vice-President of Sales said, “We are fortunate to welcome John and Dennis to our team of dedicated and experienced professionals. The iServe Residential Lending platform and suite of products and services has enabled us to recruit top industry talent.”

Ralph DellaCamera, chairman of the board of NAD, the holding company of the iServe Companies, added “In the evolving origination market, it is critical that we assist our existing team of loan officers to maximize their potential while continuing to offer products underserved in today’s marketplace. John’s focus on the underserved VA market is a compelling business opportunity on both a retail level as well as part of a government correspondent program we are launching. In addition, our VA program is a great opportunity for the Company to help those veterans who have helped protect our freedoms. Adding to our expansion in the VA market, Dennis’ addition to the team, with his enthusiasm and skill set, will be valuable throughout the whole organization to introduce new products, optimizing existing branches and bringing on new groups of MLO’s.”

Doug Wilson, CEO of iServe Residential Lending, added “Operationally, we are well equipped to fully support our continued origination growth with access to multiple warehouse lines and full operational support from a loan’s application, processing, underwriting through closing. In addition, our lending partners receive unparalleled corporate support with a dedicated licensing group, full human resource services, timely and valuable accounting support and IT and marketing services to maximize a lending officer’s contacts.”

About John McDade

Since inception, iServe Residential Lending has focused on government lending with a specific expertise in FHA Lending. Greatly improving this strategy, John brings to iServe a wealth of knowledge and experience on government lending. Prior to joining iServe, John was Director of Government Lending for Residential Wholesale Mortgage, Inc. in San Diego. In addition to originating his own loans, John has a passion for educating the marketplace and particularly veterans and loan originators of the great benefits of the VA lending program. John is well known in the industry for running FHA and VA Workshops which he will continue to do for iSRL. A veteran of the United States Air Force, John is a member of the National Association of Home Builders, various Associations and task forces and is a highly-regarded expert for VA and FHA Loans. John will assist our existing branch partners in expanding their VA and FHA business as well as assisting iSRL’s launch of a nationwide government focused correspondent business.

About Dennis Phillips

With over 11 years of mortgage origination experience, Dennis Phillips brings a wealth of knowledge and talent to iServe Residential Lending. Dennis joins us following his role as a number 1 branch partner at Peoples Home Equity. Dennis has spent his career building dynamic teams of mortgage originators as well as helping existing groups improve their volume and maximize their relationships. Dennis’ experience, energy and enthusiasm will be a very valuable resource to all lending partners and iServe Residential Lending’s clients.

About iServe Residential Lending, LLC

iServe Residential Lending, LLC (“iServe Residential Lending”), a mortgage banker offering a full line of FHA, Agency, Jumbo, HomePath, HomePath Renovation, 203K, USDA, Reverse, VA and Jumbo loan programs, was acquired by affiliates of NAD in June of 2009. iServe Residential Lending currently holds licenses to operate in 22 states. iServe Residential Lending is a U.S. Department of Housing and Urban Development (HUD) approved, Federal Housing Administration (FHA) lender with direct endorsement (DE) authority and is approved by GNMA. For more information, please visit www.iservelending.com.

About National Asset Direct, Inc.

National Asset Direct, Inc. (“NAD”) was launched in October of 2006 as an advisor and portfolio manager to principal buyers, both affiliates and third parties, who buy a broad array of performing, sub-performing and non-performing residential mortgage loans and assets. NAD has established trusted relationships with a wide spectrum of financial institutions, investment banks, mortgage banks, and thrifts looking to manage liquidity, operational flow, and loss severity, and has built an outstanding team of experienced senior managers from the top mortgage originators and servicers in the industry. For more information, please visit www.nationalassetdirect.com.

About iServe Real Estate Operations, Inc.

iServe Real Estate Operations, Inc. (“iServe REO”) was established in April of 2007. iServe REO is a nationwide manager of assets for investors and money center banking clients and has consistently been ranked as the Number One vendor for a very large money center bank for the last several years. iServe REO manages assets through boarding, pre-marketing, marketing, closing and post-closing. For more information, please visit www.iservereo.com.

About iServe Servicing, Inc.
iServe Servicing, Inc. (“iServe Servicing”) was established in April of 2007. iServe Servicing (or an affiliate) is a national servicer and able to service loans in all states and the District of Columbia. For more information, please visit www.iserveservicing.com.

About xplair Technology, LLC
Founded in April of 2009, xplair Technology, LLC (“xplair”) provides innovative proprietary portfolio management software to a wide range of clients in the financial, capital markets, mortgage and REO space. For more information, please visit www.xplair.com.

Contact: Ken Michael, Vice President of Sales
kmichael@iservelending.com
(615) 869-0396