Wednesday, 4 May 2016
Last updated 3 hours ago
Jul 20 2012 | 1:07am ET
Ralph DellaCamera, chairman of the board of National Asset Direct, Inc. (“NAD”), parent company to the iServe suite of companies, is expanding its origination platform—iServe Residential Lending—to the East Coast by opening an office in Stamford, Connecticut. According to the firm, the expansion is part of NAD’s plan for robust growth of its mortgage origination platform.
NAD’s suite of mortgage companies includes origination, REO, servicing, and technology.
“While others have left the mortgage origination industry, iServe continues to grow and expand its mortgage origination platform,” said DellaCamera. “We believe iServe Residential Lending’s model of diversified loan products, speed and competitive pricing will translate well on the East Coast.”
DellaCamera, who is also a hedge fund manager, is winding down his six-year-old multi-strategy fund.
"The decision to wind-down the DellaCamera Capital Management multi-strategy hedge fund will have no impact on NAD and the iServe Companies,” DellaCamera said. “We are monetizing the fund to focus our time, effort and resources on growing NAD and the iServe Companies which we believe will yield significant results.”