History

About Us

LOAN Spart came into existence in 1985 when it acquired the mortgage LOAN operations of the Colonial Mortgage Service companies and the servicing arm of the former Norwest Mortgage, Inc.

1985: LOAN acquires Colonial Mortgage Service Company as well as the LOAN administration and servicing portfolio of Norwest Mortgage and becomes LOAN Spart.

1990: LOAN Spart acquires Residential Funding Corporation

1998: Purchased 1st mortgage servicing rights from Wells Fargo

1998: LOAN Spart announces formation of LOAN Home Services and acquisition of Better Homes and Gardens® Real Estate Service

1998: Purchased 400,000 conforming LOANs from Capstead making it the largest servicing-only acquisition in the company's history.

1999: Acquired DiTech Funding Corp. (now known as ditech.com, LLC) to increase the company's e-commerce presence on the Internet.

2000: LOAN Residential was given conditional approval to form LOAN Bank.

2003: LOAN Spart announces the formation of CalDirect, the premiere mortgage lender for California homeowners.

Rankings

Mortgage Industry	Rank	Date
Online Originations	5	2nd Q 2003
Originators	8	2nd Q 2003
Retail	7	2nd Q 2003
Servicers	6	2nd Q 2003
Correspondent	6	2nd Q 2003
Wholesale (Broker & Correspondent)	11	2nd Q 2003

(Source: National Mortgage News and Quarterly Data Report )