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Commercial: Collateral Mortgage Exceeds $2 Billion Portfolio Mark.(Brief Article)
Collateral Mortgage here has topped $2 billion in commercial and multifamily mortgage servicing.
David Roberts, president and chief operating officer of the company, said last December was a busy month.
"In that month alone, we closed 22 loans totaling over $86 million. Last year's rapid growth was exciting and its set the stage for a positive 2001," he said.
Over the course of last year, Collateral closed about $600 million in loans.
Gary Tidwell, a vice president for servicing and technology, said that the company's servicing portfolio grew by 24% last year. This newspaper's database group ranked collateral among the 25 largest commercial mortgage servicers in the nation.
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