President, Incenter Diligence Solutions
Pamela Hamrick runs Incenter Diligence Solutions, one of many Incenter companies dedicated to providing expert mortgage services to the lending community.
She maintains responsibility for business strategy, operational efficiency, regulatory compliance, contract negotiation, and supervises the day-to-day operations of a team of highly skilled due diligence professionals.
Prior to Incenter Diligence Solutions, Pamela held roles as Senior Vice President of Operations for Lending.com and First Financial Services where she managed the company’s processing, underwriting, closing, funding, compliance, disclosure, QC, and post-closing departments as well as the development and maintenance of the company’s Loan Origination System.
The latest round of loan performance numbers adds to evidence there’s relative strength in mortgages compared to other consumer finance sectors, but there are still reasons to worry about performance.
Serious delinquency rates by at least one measure have dropped to a low not seen since 1999, but distressed servicing trades may be trending in the other direction. That’s in part because interest rate-related developments have created an environment where more mortgage firms are interested in selling, according to Pamela Hamrick, president of Incenter Due Diligence.
Picture this: An independent mortgage bank (IMB) that makes 100 loans per month is gradually and strategically emerging from the industry downturn. The lender has diversified its products and services, automated its previously clunky processes and hired some star loan officers. All is moving in the right direction until 10 unexpected loan buyback requests come in from Fannie Mae, costing a total of $1 million. The impetus for the repurchases are loan defects that were never caught during the prefunding stage of the fulfillment process.
Just before Labor Day, Fannie Mae instituted new prefunding quality control review requirements, leading to larger discussions of the financial impact of QC processes on mortgage lenders. MBA NewsLink asked Pamela Hamrick, President, Incenter Diligence Solutions, to elaborate.
Pamela Hamrick, President, Incenter Diligence Solutions, Honored Among “Powerful Women of Mortgage Banking”
October 2023 | Mortgage Banker Magazine How close are we to a place where gender is not a distinction in mortgage banking? We're making excellent progress. The many women who have risen to the top, and are elevating other women, are accelerating our momentum. Becoming...
Incenter Diligence Solutions, a provider of due diligence and document management services for the mortgage industry, announced on Wednesday that it has expanded offerings for the mortgage servicing rights (MSR) trading market.
by Michael Tucker, MBA NewsLink | June 30, 2023 Tom Piercy and Bob Dowell are Managing Director and Managing Director, Analytics, respectively, of Incenter Mortgage Advisors, Denver, which provides trading and advisory services for mortgage servicing rights and whole...
“In an active trading market, participants must be able to quickly identify and manage their short-term and long-term risks so that they can transfer assets with agility and seize new revenue opportunities,” says Pamela Hamrick, president of Incenter Diligence Solutions, formerly known as Edgemac. “Incenter Diligence is streamlining the obstacle-ridden diligence processes.”