IMARC in the News

Kittle shared his knowledge with attendees during the final general session at the Business Strategies Conference at the Cosmopolitan in Las Vegas. He provided analysis on the amount of negative equity in several markets, offered insight on the state of the lending industry, and how the industry can improve by issuing better loans and reduce fraud.

Kittle touched on the need for better ethics in the industry. He worked in the title industry for many years, as an owner of Calvary Title Company and an agent of Commonwealth Land Title Insurance Company. His father retired from Commonwealth, his wife worked as an underwriter and several of his family members work in the title industry as well.

"I have title business in my blood," said Kittle, whose title agency was a captive. "We automatically gave the reissue rate. It was the right thing to do. This industry didn't always do that. Do you tell your new buyer at the closing or do you ask if they had a policy on a refinance? It's not illegal, but unethical. It's not just the big companies doing things like this. It goes down to the little people." "We are all responsible, and at some point we have to look in the mirror and make sure we are doing everything ethically."

"The implications of pending foreclosures greatly affect the most important issues facing any potential recovery in the U.S. economy, according to one industry analyst speaking at the Mortgage Bankers Association national technology conference in South Florida Monday.

Bob Simpson, president and chief executive of Investors Mortgage Asset Recovery Co., or IMARC, said the nation's gross domestic product and employment levels are just a few economic indicators impacted by the ongoing foreclosure fiasco."

"IMARC maintains a diverse group of employees from a wide range of professions. IMARC employees have previously worked as underwriters, journalists, paralegals, and customer service associates".

"Simpson and a partner formed IMARC in 1999 to work for insurers, lenders and investors. Clients hired IMARC to dig up evidence and pursue damages from mortgage brokers or real estate agents liable for misrepresentations, then split any funds recovered. In the firm's first seven years, the typical settlement was $50,000; the largest recovery was $1 million."

"Roland Reynolds, an attorney with the Los Angeles law firm of Palmer, Lombardi & Donohue LLP, has been working with IMARC since IMARC was founded in 1999 and continues to do so.

'IMARC really got it down,' says Reynolds. 'They get me the specific information that I need about misrepresentation quickly. I don't get the bells and whistles that are not appropriate. It's a quick turnaround because they are industry-focused.'

'IMARC focuses directly on the issues I want to know about, because they understand the loan origination and documentation process.'"

"The Norris Group Blog welcomes David Kittle to discuss the quality control plans that are presently in place and the type of fraud scehemes that have riddled the mortgage industry over the past several years."

"Phillip McCall, chief operating officer for IMARC, announced today that David G. Kittle, CMB, has accepted the position of senior director of industry relations. Kittle will be responsible for government and industry relations and the development of client services related to mortgage audits. He will also manage IMARC's Washington, DC office."

"While employees get an ego boost knowing their work is being used in important court cases or saving companies millions of dollars, they are rewarded in other ways, as well, with flexible work schedules and employer-paid benefits such as health care."

"Bob Simpson, president of IMARC Investors Mortgage Asset Recovery Co., an Irvine firm that investigates why home loans go bad, says no federal mortgage rescue plan can save people from having gotten in too deep. Simpson says he's seen thousands of people fail to pay mortgages for which they were not qualified. He anticipates seeing tens of thousands more this year, no matter what the government does."