Impac Mortgage Holdings, Inc. (IMPMQ)
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Impac Mortgage Holdings, Inc. Profile
| Financial Services Industry | Financials Sector | George A. Mangiaracina CEO | OTC PINK Exchange | - ISIN |
| US Country | 98 Employees | - Last Dividend | 12 Jan 2009 Last Split | - IPO Date |
Overview
Impac Mortgage Holdings, Inc. is a distinguished residential mortgage lender within the United States, having its foundation laid in 1995. With its headquarters rooted in Newport Beach, California, the company has strategically segmented its operations into three primary divisions: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. This diversified approach empowers Impac Mortgage Holdings, Inc. to offer a comprehensive suite of services catering to various facets of the mortgage lending and real estate services spectrum, thus addressing the nuanced needs of its consumer base and stakeholders with precision and expertise.
Products and Services
Impac Mortgage Holdings, Inc. presents a broad array of products and services across its operational segments, each designed to meet the evolving demands of the market and its clients:
- Mortgage Lending: This segment revolves around providing a diverse range of mortgage lending products through a broker fulfillment model. The products offered include:
- Conventional Mortgage Loans: Traditional mortgage loans that conform to the guidelines set by Fannie Mae and Freddie Mac.
- Government Mortgage Loans: Loans that are backed by the government, such as FHA, VA, and USDA loans, designed to make homeownership more accessible.
- Alternative Credit Products: This category caters to borrowers with unique credit histories, offering more flexible lending criteria than conventional loans.
- Real Estate Services: In this area, Impac Mortgage Holdings, Inc. undertakes master servicing and delivers loss mitigation services specifically geared towards its securitized long-term mortgage portfolio. Services under this segment include various aspects of loan administration, monitoring, and recovery to minimize losses and maximize recovery on distressed loans.
- Long-Term Mortgage Portfolio: Acting as the master servicer, this division is responsible for the management and oversight of mortgages that constitute the collateral for collateralized mortgage obligation and real estate mortgage investment conduit securitizations. This role involves handling the day-to-day administration of these mortgage portfolios to ensure compliance, performance, and the continuous flow of payments to investors.
