Based in South Carolina mobile home loan Hired 2 executives away from rivals Fairway Independent Mortgage Boost the growth and development of your decentralized retail sales team.
A non-bank lender named 34-year veteran Sarah Middleton to the new role of Chief Growth Officer to attract, onboard and develop sales leaders. Meanwhile, Kevin McGovern will be his director of coaching, responsible for creating his coaching platform.
The new hires came in a difficult environment for mortgage lenders due to soaring U.S. interest rates and fears of an economic recession, which has created volatility in the market.
Mortgage activity was about $14 billion in the first half of 2022, down 17% year-over-year. Inside Mortgage FinanceHowever, the company posted $7 billion in trading volume in the second quarter, up 4.5% from the previous quarter.
Middleton joined Fairway in 2013 as President of Sales Development and Recruitment. She also headed the company’s internal coaching platform, She Fairway Ignite.Middleton’s previous stint was guild mortgage company When Liberty Financial Group.
McGovern was Executive Vice President and Chief Operating Officer of Fairway Ignite, a coaching platform with 175 coaches and over 4,000 clients.
HousingWire recently spoke with Ned Payant, President of American Pacific Mortgage, about how to build a culture that attracts and retains mortgage talent.
The offer is: American Pacific Mortgage
Movement CEO and Founder Casey Crawford In a statement, founder and CEO Steve Jacobson honored what he built at Fairway, emphasizing, “Our entire community is better today with Sarah on the team.” .
Movement has over 4,000 employees, 650 branches across the United States, and is licensed in 50 states. Lenders claim to fund about $30 billion in mortgages annually.
In March, lenders dismissed 170 employeesmultiple company sources told HousingWire.
The latest pink slip wave represents the second major layoff drive in the last five years.movement 180 jobs cut In 2018, it was due to a nationwide downturn in the housing and mortgage markets.