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Envision Bank Enters Agreement to Outsource Mortgage Servicing to Dovenmuehle
Envision BankMarch 10, 2021 GMT
STOUGHTON, Mass., March 10, 2021 (GLOBE NEWSWIRE) Envision Bank announced today that it has signed a contract with Dovenmuehle Mortgage, Inc. (“Dovenmuehle”), one of the largest private label mortgage subservicing companies in the U.S., to support and manage its mortgage subservicing business, including customer service, payment processing, escrow administration, payoffs and discharges, investor reporting and compliance.
In 2020, the Bank experienced tremendous growth with a 75% increase in its loan subservicing portfolio at $1.8 billion. Combined with its own residential lending portfolio, Envision Bank currently services more than 9,000 residential loans and $2+ billion in volume.
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