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07/02/26
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Mike Kortas Announces Launch of evoLend, a Fannie Mae, Freddie Mac and Ginnie Mae Approved Mortgage Servicing Company Built for Loan Officers
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PR Newswire |
Mike Kortas Announces Launch of evoLend, a Fannie Mae, Freddie Mac and Ginnie Mae Approved Mortgage Servicing Company Built for Loan Officers
DORADO, Puerto Rico, July 2, 2026 /PRNewswire/ -- Mike Kortas today announced the launch of evoLend, a Fannie Mae, Freddie Mac and Ginnie Mae approved mortgage servicing company created with one mission: to put loan officers back in control of the borrower relationship after closing.
For decades, loan officers have built relationships, earned their clients' trust, and originated loans, only to watch another servicing company take over the customer relationship once the loan funds.
Too often, when a mortgage company sells servicing, it also gives away the future relationship with the borrower. The loan officer loses visibility, loses opportunity, and loses control over future refinance and payoff events. evoLend was built to change that.
Unlike traditional servicing platforms built primarily around institutions, evoLend is being built around the people who create the relationship in the first place: the loan officer.
As a Fannie Mae, Freddie Mac and Ginnie Mae approved mortgage servicing company, evoLend is positioned to deliver full-service mortgage servicing while providing technology, borrower intelligence, servicing data, and future residual income opportunities designed to help participating loan officers build long-term enterprise value.
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07/01/26
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Supreme Court leaves door open to challenge Isabella County foreclosure case
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Capcon |
Supreme Court leaves door open to challenge Isabella County foreclosure case
The U.S. Supreme Court ruled unanimously on June 23 that Isabella County did not violate the U.S. Constitution when it foreclosed on a family home and sold it over a disputed $2,242 tax bill.
The nation’s top court vacated a ruling from the Sixth Circuit Court of Appeals and sent the case Pung v. Isabella County back to the lower court.
Isabella County took possession of the Pung family home in 2018. It then sold the 3,000-square-foot dwelling at auction for approximately one-third of a previously estimated market value, or $76,000.
The court determined that when a county forecloses on a home, the just compensation owed to its owner is based strictly on how much the government generates from an auction of the home.
The Pungs, however, may still be able to win in the courts.
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