POMONA, Calif., August 20, 2024 — LERETA, a leading national provider of real estate tax and flood services for mortgage servicers, today announced a strategic relationship with CMG Financial (CMG), a privately-held mortgage banking firm based in San Ramon, CA, to manage real estate taxes and flood insurance for CMG’s servicing portfolio.
This decision to use LERETA was part of a broader decision to move its 400,000-loan portfolio from sub-servicing to in-house servicing. A large part of the decision to move in-house was to improve the experience CMG is able to deliver to its customers, including how it handles real estate and flood insurance issues.
“CMG is dedicated to continually enhancing the customer experience that we deliver to our borrowers through our loan servicing operations,” said Courtney Thompson, EVP of Servicing at CMG Financial. “After thorough evaluation, we are confident that LERETA’s advanced technology, coupled with its hands-on, comprehensive approach to tax and flood servicing aligns perfectly with our commitment to excellence and will enable us to better serve our clients while streamlining our processes.”
LERETA’s tax and flood servicing suite offers a comprehensive array of solutions designed to simplify and optimize the management of real estate taxes and flood insurance. Leveraging cutting-edge technology and unparalleled industry expertise, LERETA delivers accurate, timely, and compliant services that support diverse business rules and the unique nuances of lenders’ portfolios and processes.
“We are thrilled to partner with CMG and support their mission of delivering superior service and value to clients,” said John Walsh, CEO of LERETA. “Our tax and flood servicing suite is uniquely positioned to meet the evolving needs of today’s mortgage lenders and we are committed to delivering exceptional results that exceed expectations.”
About CMG Financial
CMG Financial is a well-capitalized mortgage bank founded in 1993 by Christopher M. George, a former Mortgage Bankers Association Chairman. CMG makes its products and services available to the market through three distinct origination channels: retail lending, wholesale lending, and correspondent lending. CMG also operates seven joint venture companies with builder & realtor partners, holds an impressive MSR/servicing portfolio, and serves the capital markets of fixed income trading & sales through CMG Securities. CMG currently operates in all states, including District of Columbia, and holds approvals with FNMA, FHLMC, and GNMA. The company is consistently recognized as a top-producing lender and top mortgage employer, and it prides itself on helping clients achieve the dream of homeownership through product innovation and streamlined servicing.
About LERETA
Since 1986, LERETA has provided the mortgage and insurance industries the fastest, most accurate and complete access to property tax data and flood hazard status information across the U.S. LERETA is committed to giving customers extraordinary service and cost-effective property tax and flood solutions. LERETA’s services are designed to increase efficiency, reduce penalties and liabilities and improve processes for mortgage originators and servicers. LERETA’s dedicated teams of real estate tax and flood professionals along with LERETA’s experienced management team allow the company to lead the industry in service and technology.