News Updates

American Homes 4 Rent Honors Veterans Day, Waives Application Fee for Military Families

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American Homes 4 Rent, a leading provider of high-quality single-family homes for rent, announced that in honor of Veterans Day the company is waiving application fees for military families through the end of 2020. “We thank our current and former service members on Veterans Day and every day for serving our country and protecting our freedoms,” said David Singelyn, American Homes 4 Rent’s Chief Executive Officer. “We are proud to have military families as our residents in our single-family rental homes and will waive application fees for military families seeking a new home this year.” Starting today, active-duty military, reservists, Gold Star families and veterans can contact AH4R at (855) 865-0280 to obtain the military discount code. This code should accompany their home application when submitted to AH4R. The military waiver program is eligible for applications submitted through December 31, 2020. The application fee is regularly $50. American Homes 4 Rent is an avid supporter of military families and actively recruits veterans through its hiring initiatives. About American Homes 4 Rent American Homes 4 Rent (NYSE: AMH) is a leader in the single-family home rental industry and “American Homes 4 Rent” is a nationally recognized brand for rental homes, known for high-quality, good value and tenant satisfaction. We are an internally managed Maryland real estate investment trust, or REIT, focused on acquiring, developing, renovating, leasing and operating attractive, single-family homes as rental properties. As of September 30, 2020, we owned 53,229 single-family properties in selected submarkets in 22 states.

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Applied Business Software, Inc. (“ABS”), the leading provider of loan servicing software to the private lending industry, announced the closing of a strategic growth investment from Lometa Capital Partners (“Lometa”). Lometa’s investment, made alongside a significant investment from existing management and ownership, will allow ABS to accelerate the development of its web-based platform, expand its development team and extend its recent momentum in markets adjacent to ABS’ historical mortgage core. “We could not be more excited to partner with Lometa. In selecting a partner to invest alongside our long-tenured and tight-knit team, cultural fit was a primary focus. Lometa’s unique fund model and approach to investing was a perfect fit for our family-run business. Lometa and its partners have the experience and resources to accelerate ABS’ growth into adjacent markets,” said Carlos Nodarse, CEO of Applied Business Software. “The closing of this transaction represents the beginning of the next chapter in our journey as we work towards automating everything for the private lending industry.” Founded in 1978, ABS provides loan servicing and origination software globally for private lending institutions, non-profits, municipalities, fund administrators, franchisors and many other businesses. Over 1,000 customers use ABS’ comprehensive suite of loan servicing products and add-on modules to automate the loan servicing process and scale their loan portfolios. “We are grateful that the ABS management team chose to partner with Lometa for their next stage of growth. We look forward to expanding the business while continuing to focus on the quality and customer service that has been a trademark of ABS,” said Neal Jain, a Managing Partner at Lometa. “Our partnership will accelerate ABS’ recent momentum as it innovates on behalf of lenders with the ultimate goal of helping customers achieve automation, scalability and success in their business.” Tom Friel, a Managing Partner at Lometa, added, “We have long been impressed with ABS’s unique position as the leader in core operating software for private lenders. Jerry & Eddy Delgado along with the rest of the long-tenured ABS “family” have built a world-class business. ABS’ exceptional products and deep commitment to customer service have allowed ABS to maintain the preeminent position in an industry undergoing extensive digital transformation. Lometa’s investment in ABS is both the culmination of many years of hard work and the beginning of a new phase of growth.” In closing the transaction, Lometa was supported by Aldine Capital, Quabbin Capital and Byline Bank. The Lometa team responsible for closing the transaction was: Neal Jain, Tom Friel, Kevin Williams, and Cramer Williams. About Applied Business Software ABS is the leading cloud-based platform provider for the private lending industry. ABS’s technology solutions enable lenders to service more loans, lower servicing costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality, and efficiency. Visit themortgageoffice.com to learn more. About Lometa Capital Partners Lometa Capital is a multi-family office enabling industry leaders to pool both their capital and their networks to source and add value to private investment opportunities without a hold period constraint. Lometa has a flexible mandate across growth markets, but primarily targets recapitalizations in rapidly growing services companies. Visit lometacapital.com to learn more.

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Nationwide Title Clearing, Inc. (NTC), the leading post-closing services provider for the nation’s largest financial institutions, investors and servicers, announced Danny Byrnes has been promoted from VP Sales and Marketing to Chief Revenue Officer. Byrnes was hired in early 2011 as the VP Sales. In his second year, sales nearly doubled, and, in his tenure, Byrnes has expanded sales by over 5X (570%). He is a stable executive that has taken responsibility for the entire company, a keynote of any Chief at NTC. “CRO is the ultimate challenge for any sales or marketing executive. I am excited to fully take control of NTC’s destiny and honored that I am being trusted with this. I plan to continue delivering what I promised when I joined this incredible team 10 years ago,” said Byrnes. Byrnes has helped broaden the scope of services offered by initiating and customizing solutions for NTC’s clients. The 35 years of experience and knowledge of complex sales, marketing, sales management, and product management he brings to the table is invaluable to NTC. “In a time of tremendous growth for NTC, now was the perfect time to add Danny’s deep industry knowledge and skillsets to our C-suite,” Said John Hillman, NTC’s chief executive officer. “We look forward to further expansion and increasing the sales of the organization overall.” About NTC Nationwide Title Clearing, Inc. (NTC) is a privately-owned leading research, analytics and document-processing service provider to the residential mortgage industry. NTC services the nation’s top mortgage lenders, servicers, investors and custodians. For more information, visit the company’s website at http://nationwidetitleclearing.info/.

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Eastern Union launched a new Small Loans Division. The new national division will focus primarily on multifamily deals valued at less than $1.5 million, with a minimum loan size of $150,000. The division will also arrange financing for portfolios of single-family rental or smaller multifamily properties whose combined value can reach tens of millions of dollars. Transactions handled under the Small Loans Division will include office, retail, health care, hospitality, industrial and self-storage. Heading up the new division is Sarah Steinhardt, who served as a processor and underwriter with Eastern Union since September 2019. Ben Schwartz will serve as lead broker for the new unit.

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Using a new technology solution from ServiceLink, borrowers can complete home inspections from the comfort and safety oftheir homes. The new mobile app, EXOS Inspect, uses a patent-pending technology featuring the latest artificial intelligence and an intuitive user interface that allows homeowners to complete secure video inspections for critical aspects of the lending and servicing process. The app is designed to guide homeowners through a step-by-step process, using any compatible smartphone or tablet, to complete a video inspection of a room and highlight home improvements in less than a minute. Geo-fencing, time-stamping andAI technology ensure data accuracy. A privacy feature identifies and screens out specific visuals, such as people, most family photographs and many religious objects. EXOS Inspect can be used as a standalone app or incorporated into a lender’sexisting digital consumer experience. In addition to releasing EXOS Inspect, ServiceLink recently upgraded the EXOS Close solution, which now supports virtual closing options in all 50 states and the District of Columbia for refinance and home equity loans.

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Watermark Residential has acquired 20.25 acres of land in the Castle Pines suburb of Denver for the development of The Summit Townhomes & Villas. The luxury-leased residential community will feature one- to four-bedroom attached single-family homes and townhomes. The development is expected to be completed by December 2022. The development, located along Lagae Road south of Castle Pines Parkway, will consist of 214 homes averaging 1,410 square feet. All units will feature premium interior finishes, including gourmet bar-kitchens with quartz countertops, stainless steel appliances, walk-in closets, garden tubs, full-size washers and dryers and designer light fixtures. The three- and four-bedroom townhomes will feature two-car attached garages and two-level patio decks. The paired villas will feature 10-foot ceilings, windows on three sides of the home and privately fenced patios. Community amenities will include a clubhouse, 24-hour state-of-the-art fitness center, swimming pool with cabanas and entertainment areas, pet-friendly bark park and doggie spa, local walking paths andaccess to an on-site management team. Watermark Residential is a wholly owned affiliate of Thompson Thrift and one of the nation’s leading multifamily developers. The Summit is the fourth luxury leased project for the company. The company also has projects under development in the suburbs of Denver, Phoenix and Nashville.