Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, most recently with its adoption of electronic mortgage closings (eClosings) and promissory notes (eNotes). We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners, and are also the nation’s leading provider of Section 184 home loans for Native Americans. Mid America is looking for tech-savvy, service-oriented mortgage professionals to join its growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit our Careers page. We maintain an “A” rating with the Better Business Bureau and are proud of our roles in the communities where we call home.
Mid America Mortgage, Inc. was originally established in 1940 as “Frank A. Schmidt & Son’s” in Cleveland, Ohio, originating and servicing residential and commercial real estate loans. It was incorporated in January, 1959. It is one of the first 100 lenders in the Country to become approved as a seller / servicer of Fannie Mae. On March, 31, 2010 Jeffrey E. Bode acquired 100% of the common stock and moved the corporate office to Addison, Texas. On December, 15, 2011, The Company name was changed to Mid America Mortgage, Inc. This was the same name of another Company Jeff founded in 1989.
The Mission of Our Correspondent Division
Our Mid America Mortgage eCorrespondent division is comprised of an elite team of professionals who offer strategic talents and strengths to further the vision of CEO and owner Jeff Bode. Each member offers a deep understanding of an important segment of your mortgage banking operation.
Our mission is a never-ending quest to find a better way for every process and everything we touch. If it’s good, let’s make it great. If it’s great, let’s take it to an even higher level. Don’t settle for less. In fact, don’t settle at all. “Finding a better way” is not something we do on the side or when we get time. Rather, it’s a key responsibility for every one of our team members. It’s our passion, our way of living and our obsession.
Mid America Mortgage, Inc. holds the following licenses and approval levels:
- FHA Direct Endorsement
- Ginnie Mae Issuer
- VA Automatic Approval
- USDA Rural Development National Lender
- Fannie Mae Seller/Servicer
- Multi State lending license
Jeffrey E. Bode
Jeffrey E. Bode, is Chairman of the Board, Chief Executive Officer and President of MAM. Mr. Bode purchased Schmidt Mortgage Company on March 31st, 2010 and reorganized its operations and incorporated the loan production of Moncor (a mortgage operating unit he managed prior to the acquisition) in August of 2010. In December of 2011. Mr. Bode changed the name of Schmidt Mortgage Company to Mid America Mortgage, Inc. Bode founded the original Mid America Mortgage, Inc. in 1989 and was the first lender to develop an interface inside Calyx’s Point software. The interface enabled brokers to price, lock, underwrite, and receive loan status, while drawing loan documents within Point or from a website linked to Point. Mr. Bode further developed the technology and has utilized those advances to offer superior performance in the mortgage industry. In 2003, Mr. Bode sold the assets of the previous Mid America Mortgage, Inc. to Aegis Mortgage and focused on developing his software until 2007 when he returned to the mortgage business. Mr. Bode opted to stay out of ownership of a mortgage company due to the perceived risk he saw in the products being originated from 2004 until 2007. During that time he focused on winding down the original Mid America Mortgage, Inc., developing Mortgage Machine software, and creating a tax lien business. Read Full Bio >
Michael L. Kennemer, Chief Financial Officer of MAM, Board Member, manages all financial aspects of MAM with thirty years of experience in mortgage banking. Mr. Kennemer is poised and equipped to successfully handle the cyclical financial industry. At MAM, he is responsible for the secondary marketing, accounting, finance, treasury, human resources, investor and agency relations of the company. Previously, he was the National Sales Manager for the Correspondent Lending Division of National City Mortgage, where he helped grow the correspondent division to a top tier organization. Prior to National City, he was the Chief Financial Officer for Aegis Mortgage where he turned an unprofitable group at Aegis from losing more than $2 million per month in May 1999 to becoming profitable in November 1999. He also successfully ran the acquisition of New America Financial, which involved the purchase of $300 million of servicing and $500 million of residential mortgages loans and was involved in the successful sale of these assets.
Director, Correspondent Lending
Kara Lamphere manages MAM’s correspondent lending and compliance programs. During her 20+-year career, the largest area of focus has been as Chief Compliance Officer. However, her extensive experience includes operations, quality control, and audit. Building upon this experience, she can now add sales to the list with the FlashFund platform for eClose and eNotes. Kara has an enduring passion for team building, mentoring, communication, and finding simple effective solutions to complex problems. These passions are the key to her progression and ability to transcend the normal career pattern by successfully growing in several different arenas of the mortgage space. Ms. Lamphere on a personal note has been an avid yogi for over ten years and enjoys her twice a week karate class. Hobbies Kara relishes are kayaking and traveling.
Michael J. Lima
Director, Whole Loan Trading
Michael J. Lima is Managing Director for the Whole Loan Trading Division of Mid America Mortgage. Prior to joining Mid America, Michael held leadership positions with Guardian Mortgage, Nationstar Mortgage, and Fannie Mae. While with Guardian, he served as the company’s Chief Risk Officer responsible for enterprise risk management, capital markets, and loan servicing. At Nationstar, Michael was Senior Vice President of Capital Markets and Correspondent Lending. He held several positions in servicing, risk management, and marketing during a seventeen year career with Fannie Mae. Michael holds a B.B.A. in Finance from San Diego State University and an MBA in Finance from The University of Texas at Arlington. He is an active member of the Texas Mortgage Bankers Association and has held a Director position since 2008.
Adam W. Rieke
Head of Wholesale Lending
Adam W. Rieke is a 23-year industry veteran with an incontrovertible record of success in the arena of Wholesale Lending. Adam has built and managed highly successful and profitable Wholesale Lending Operations since 1995, where he led First Horizon’s Wholesale Lending Operation in the Chicago market. Adam has also served as President and CEO of a national wholesale lender, which was sold in June of 2006 at a premium to shareholders. Most recently, Adam spent the past 7 years in a Senior leadership role (Senior VP) with Mortgage Services III, LLC (“MSI”) which began as a “de novo” or start-up in May of 2007, and became the 7th largest wholesale lender in the nation by volume (Crains 2013).
Managing Director at 1st Tribal Lending
Brett Robinson, Managing Director at 1st Tribal Lending, brings over 20 years of experience in the mortgage industry, including extensive experience in American Indian Housing Finance obtained from his role as Managing Member of WSR Loan management, LLC and its partnership with Bank 2, one of the largest active producers of Section 184 Indian Home Loans nationwide. Brett’s team includes Kim Wilkins, Operations Manager, and the California-based staff of underwriters and closers who were previously with him at WSR Loan Management. Kim Wilkins has ten years’ experience with the Section 184 program, which she initiated at Headlands and Greenpoint Mortgage.
Jeffrey W. Steed
Regional Production Manager
Jeffrey W. Steed, Regional Production Manager, has over 30 years of mortgage banking experience, with nearly 20 years as an owner and manager of mortgage operations. He is the immediate past president of the Ohio Mortgage Bankers Association. Prior to joining Mid America Mortgage, Inc., Mr. Steed was a Senior Account Executive with the Federal National Mortgage Association. Before that he held the following positions with AmeriTrust Company National Association: Assistant Vice President of Consumer Credit Research, Assistant Vice President of Home Loan Administration, Manager of Consumer Loan Services, Assistant Branch Manager, and Retail Management Trainee.
Mr. Ellis is licensed to practice law in Texas and Ohio. He has 33 years of experience as legal counsel in the banking industry. He has 30 years as in-house counsel at National City Corporation (“NCC”), including 19 years as Senior Vice President and Assistant General Counsel, serving as the Chairman of the NCC Law Department’s Mortgage Banking, Commercial and Real Estate Lending Practice Group, responsible for the management and delivery of legal services to NCC’s four mortgage banking subsidiaries, all NCC national bank subsidiary commercial and real estate lending divisions, and the NCC corporate real estate facilities department. Most recently and for over 2 years, he has served as general legal counsel to MAM.