Hey mortgage lenders! Do you know why we have a FHA commissioner? 

Apr 03 2018

Chances are, as mortgage lenders, you have heard some discussion in recent months about the Federal Housing Administration Commissioner (or lack of one) at HUD.

So, what, exactly, is an FHA Commissioner and why is it so difficult to get someone into that position?

Check out this blog from our own Nate Shultz, vice president of regulatory risk for TMS, on HousingWire. The blog answers why it’s difficult to get someone in that position.

Read the full blog on HousingWire HERE

NShultz Headshot-1

Topics: FHA, compliance, us economy, government, FHA commissioner

TMS named to HousingWire TECH100 

Apr 02 2018

TMS, a fast-growing fintech company, is excited to announce that its industry-leading subservicing platform SIME (Servicing Intelligence Made Easy) landed the company on the HousingWire TECH100, the top tech pioneers moving the housing and mortgage finance industry forward.   

“We’re honored that HousingWire has recognized TMS and the top talent at TMS who created SIME,” said Ali Vafai, TMS president. “We believe that technology can revolutionize the servicing end of our business where lenders can now have real-time access to manage their portfolio and provide real-time solutions, putting their borrowers first.”

With more than seven years of servicing experience, TMS built and introduced the subservicing platform SIME in early 2017 to finally deliver a subservicing solution that offers end-to-end compliance, real-time information and reports on all borrower accounts, and tracking capabilities that help to reduce delinquent loans.

Compared to other platforms that only offer reporting queries, SIME is exceptional since it is the only platform that provides a centralized location for all critical loan information, including escrow analysis, call logs, and call recordings that can be downloaded in seconds and show real-time information. 

“The number of fintech companies serving the mortgage industry has exploded over the last several years — making the choice of just 100 companies this year very difficult,” said HousingWire Magazine Editor Sarah Wheeler. “Companies in the 2018 Tech100 represent the leading edge of solutions and services that will propel mortgage companies toward success."

For more information on the award-winning subservicing platform, visit GetSIME.com.

Topics: Servicing

Joe Villani named one of the 40 most influential mortgage professionals under 40

Jan 24 2018

Recognizing his top-of-the-line industry expertise, National Mortgage Professional Magazine named Joe Villani, TMS senior vice president of correspondent sales, as one of the 40 most influential mortgage professionals under 40

Joe VillaniThe list spotlights top mortgage professionals under the age of 40, as voted on by their peers, who exemplify professionalism and top production in today’s housing market.

“After spending more than 15 years in the financial services industry, I’ve learned that the keys to success are creating quality relationships, providing trustworthy customer service and truly understanding your industry,” said Villani. “Thanks to this foundation and the inspiring leadership at The Money Source, I’ve been granted the honor of making a true impact in an industry I am so passionate about.”

Villani joined TMS back in 2014 and is based out of the Melville, N.Y. office, where he plays a key role in driving the company’s correspondent business.

Over the past two years, he produced more than $5 billion in correspondent business, and has opened more than 100 accounts since joining TMS.

And, for the past three years, Villani generated 30% of all correspondent production at the company thanks to his consultative client-focused approach.

Outside of production growth, over the last 6 months, Villani also started a mentor program on training correspondent sales professionals. 

“Since joining The Money Source, I’ve watched the company flourish into one of the fastest growing fintech companies in the country,” said Villani. “I am ready and eager to see the upcoming years unfold as we deliver the future of financial technology and customer service to the next generation of consumers.”

In its eighth annual feature, Villani joins the ranks of other esteemed mortgage professionals.

Thanks to everyone’s hard work, TMS now ranks as the No. 12 Correspondent Originator by volume.

TMS gives back to local communities to ignite mission to Grow Happiness

Jan 18 2018

Melville, N.Y (Jan. 16, 2018) — The Money Source Inc. (TMS), a national financial services and mortgage company, announced it launched a company-wide initiative to grow happiness, encouraging employees to give back to their local communities.

Following the company’s massive brand announcement that challenged the industry norm and ignited its mission to Grow Happiness, TMS dedicated time and resources for employees to hit the streets and put the words into action.

The initiative spurred employees to be true ambassadors of happiness, providing everyone with $20 to be as creative and resourceful as they wanted to be in giving back to the community.


Whether it was surprising someone by purchasing their groceries, buying a sleeping bag for a homeless person, passing out water at a community park, or bringing a care package to a nearby hospital, TMS wanted to show that its dedication to growing happiness goes beyond the home-buying process.

“In honor of our 20th anniversary, we wanted to continue to ride the energy behind our new branding and give our employees $20 to give back to local communities,” said TMS CEO Darius Mirshahzadeh.

“Our dedication to spreading happiness doesn’t end at the closing table for us; It’s in our DNA. We are taking a stand in this industry to show we are more than just a mortgage company,” said Mirshahzadeh. “And, this just the beginning for us. We can’t wait to see what the next 20 years hold for TMS.”

By providing its more than 600 employees with $20 each, TMS was able to give up to $12,000 back to its local communities, contributing to the company’s overall goal to help one million happy homeowners and help people achieve their pursuit of happiness. Employees reached nearly 300 different communities, capturing videos and photos of the entire experience that will live on a designated landing page on the company’s website.

For more information on the campaign, visit TheMoneySource.com or join in on the initiative on social by using #GrowHappiness.

About TMS The Money Source Inc.(TMS) is a different kind of company that does business in a different kind of way. Founded in 1997, with a mission to Grow Happiness, TMS is a fast growing fintech company that provides products, technology, speed of service and a unique customer experience to borrowers, clients and team members in their pursuit of happiness. With more than 600 team members, TMS is a national lender and servicer licensed or exempt from licensing in all 50 states and the District of Columbia. For more information, visit TheMoneySource.com.


TMS CEO Darius Mirshahzadeh shares internal letter on the new brand

Jan 09 2018
To: All Employees

From: TMS CEO Darius Mirshahzadeh
Subject: The biggest news of the year is here!

Dear Team Members:

We’re on a mission to help everyone Grow Happiness — Happiness for our team members, borrowers, correspondent partners, brokers, and for our neighbors.  

Over the last weeks and months, we have made huge investments in time and resources to up our game – improving technology, systems, process, policies, procedures, products and the list goes on. And it shows. We have the highest NPS score we’ve ever had in the history of the company – 89.01%. That’s higher than respected brands like Apple and Google. I hope that you can feel the new energy in the organization. I certainly do.

Today, on our 20th anniversary, we are 600+ team members strong, and growing every day. 

2018 will be a defining time in the history of this company. We will have a new look, a new voice and new way to go to market. We are debuting a new logo. We are unveiling a campaign that will change the language of home financing. We are going to challenge the category, challenge the leaders, and all those who follow the narrow-minded belief that lending is only about rates and FICO scores. We refuse to believe or to behave like those who think that this is a faceless, impersonal industry. It’s about people’s lives and aspirations, and making more than a million American Dreams come true. We will position ourselves as more than a mortgage company – rather, as a partner to all of our clients in their pursuit of happiness.

Together, we are going to lift you up, bring a smile to your face and deliver proof how TMS can enable everyone to Grow Happiness – our borrowers, our clients, each other. Every day. In everything we do. 

We invite you all to join us on our journey to grow happiness for the next 20 years. It’s going to be a great ride.



Follow Us

Twitter Facebook LinkedIn

Recent Posts