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Wendover to Exit Subservicing Biz.(Wendover Financial Services to shut down its headquarters)(Brief article)
GREENSBORO, NC -- Wendover Financial Services is exiting the residential subservicing arena and will close its headquarters here, Mortgage Servicing News has learned.
A spokeswoman for the parent company, Electronic Data Systems of Plano, Texas, confirmed the unit will be shut, but noted that Wendover will still service certain types of consumer loans. "The office in Greensboro will close early next year," she said. Wendover's residential portfolio is down to just 7,000 loans. The company would not provide a dollar volume.
A few years back its portfolio totaled about $16 billion. In recent quarters it stopped answering quarterly servicing surveys sent to ...
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