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Altegra Takes National City Name.(Altegra Credit Co. changes name to National City Home Loan Services)(Brief Article)

Mortgage Servicing News

| February 01, 2003 | COPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Altegra Credit Co. has changed its name to National City Home Loan Services.

Phil Cunningham, executive vice president and general manager of the company, said the change reflects Altegra's transformation from a consumer finance company to the non-prime residential mortgage servicing company of National City Corp.

In December of 2000, Altegra discontinued loan origination operations so the company could focus solely on loan servicing in order to better support National City's growth strategy involving retaining loans originated by First Franklin Financial Corp.

"In short, the new identity more closely describes our function - the administration and servicing of loans - and more closely aligns our business with National City. Our mission ...

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