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American Pacific Mortgage banks on cloud, Commvault backup

"I walked into a company that, like most, hadn't invested a lot in their infrastructure. We had a lot of infrastructure that was aged, outdated and not scalable," Buschman said of the independent mortgage bank, based in Roseville, Calif.

With a 25-person IT team for a company of 2,500 employees, she made pushing American Pacific Mortgage's workloads to the cloud her top priority. She picked Microsoft Azure as the cloud of choice for critical apps. American Pacific Mortgage (APM) has SQL databases hosted on an Azure cloud and has adopted the Office 365 suite .

"My philosophy is that, if I've got four engineers who are constantly bandaging -- break, fix, keep the lights on -- it's actually more secure for me to be leveraging my larger vendors and having my data sit in places where they have larger budgets and larger teams," Buschman said. "That's one of the main reasons why I'm really pushing to move my last couple of workloads to Azure."

That also changed APM's backup strategy, and it adopted Commvault in early 2017 to improve restore times.

It's official: Mr. Cooper to acquire Pacific Union Financial

“This was an extraordinary quarter for our company as we completed the WMIH Corp . merger and renamed the company,” Bray said. “We've made strides in all our business segments. Servicing achieved 6.5 basis points of adjusted profitability, originations maintained profitability and Xome increased its third-party revenue to 56% with the acquisition of Assurant Mortgage Solutions .”

“We are continuing to make strategic investments to grow all our segments, and we are excited to announce our plans to acquire Pacific Union Financial,” he said. “We believe this acquisition is complementary to our business and significantly increases our originations volume and capabilities. Subject to regulatory approvals, the transaction will also allow us to grow our Servicing portfolio by approximately $25 billion upon closing in early 2019.”

Mr. Cooper reported a net loss of $64 million in the third quarter, or a loss of $0.65 per diluted common share for the month ending   July 31, 2018. However, it then reported a net income of $1.01 billion or $10.99 per diluted share for the remaining two months of the quarter. The total net income for the third quarter came in at $947 million.

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