Systematics Financial Services Inc. signed a long-term outsourcing contract to manage the loan processing operations of National Home Mortgage Corp., San Diego. All loans, including real estate, general ledger, collections, and related loan applications, will be processed out of Systematics' Los Angeles technology center.

National Home Mortgage, with $6.7 billion in assets and four locations in California, was a subsidiary of the former Homefed Bank, which is now under ownership of the Resolution Trust Corp.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.