Denver-based Braddock Financial Corp. has sold its majority interest in PMH Financial to Stewart Lender Services of Houston.
PMH is a financial services company offering a variety of products and services related to mortgage servicing, default administration, loss mitigation and real estate management.
PMH manages an inventory of approximately $2.5 billion in real estate assets on behalf of financial institutions, loan services and hedge fund investors.
Ken Glickstein, managing director of Braddock Holdings, said it made sense to pair Stewart Lender Services and PMH. He said PMH, founded in 2005, has developed a “best-in-class” business processes and infrastructure.
Ken Blevins, president and CEO of PMH Financial, said that Stewart is a market leader in providing a comprehensive set of default and mortgage origination services. He said by joining Stewart Lender Services, PMH can deliver “greater value to our clients while offering them an expanded line of related products and services.”
Howard Pankratz: 303-954-1939 or hpankratz@denverpost.com.
