Envoy grows Northeast presence in NJ
Envoy Mortgage, a national private lender exclusively serving retail originators, announced the expansion of its Northeast sales and operations team with a new branch located in Voorhees, New Jersey.
Mortgage veteran Anthony Melchiorre and loan production lead James Butz, Jr. will co-manage the new branch.
“We’re thrilled to welcome Anthony, James and their team to the Envoy family. Their depth of expertise and unparalleled customer service will increase our ability to serve the tri-state area,” said Andrew Pettola, senior vice president, Northeast division.
Envoy has several other branches serving the tri-state area, including locations outside of Philadelphia and in New York City.
Together, Melchiorre and Butz bring more than 30 years of loan origination, sales and management experience to the team, especially expertise in offering dozens of home purchase, renovation and refinance loan products for customers.
Melchiorre attended Drexel University. He is a passionate volunteer with Habitat for Humanity of Burlington County and Greater Trenton-Princeton, and Ronald McDonald House of Philadelphia.
Butz is a graduate of Rider University and a radio host and fantasy football sports organization co-owner.
“There were many factors that led James and I to Envoy, but ultimately, it was the people and processes that won us over,” said Melchiorre, as differently from other lenders Envoy allows our team, to be agile and flexible so they can customize a customer’s experience.
Licensed in 49 states, Envoy is a Fannie Mae, Freddie Mac and Ginnie Mae approved seller and servicer. It operates more than 130 locations nationwide.
Black-owned mortgage lender Legacy expands to SC
Las Vegas based private lender Legacy Home Loans has opened new branches in Columbia, Florence and Greenville, South Carolina – which mark Legacy’s expansion to six states, and appointed two new executive leaders.
South Carolina native, Todd Simon is the regional manager for all three branches
Simon brings to Legacy 17 years of banking and financial services experience, “along with a love of South Carolina and advancing the community through homeownership and financial literacy education,” the company said.
Legacy also announced the appointment of Jammie Jelks, MBA, a member of the Forbes Real Estate Council and dynamic leader with extensive mortgage banking experience – as the company’s new vice president of operations.
Jelks will oversee and spearhead Legacy’s operational growth efforts “from loan disclosures to funding” for its 12 branches across the country located in Georgia, Illinois, Texas, Nevada, California, and now South Carolina.
The expansion into South Carolina is in line with the company’s goal to lend in states where the Black population is 25% or higher, according to the company website. Going forward the Black-owned firm aims to become one of the nation’s top five 100% minority owned private lenders.
With Black homeownership at 46% according to the U.S. Census Bureau, every new branch opening advances Legacy’s footprint and greater mission of helping Black families build sustainable wealth through homeownership, the lender noted in a statement.
“I look forward to assembling an innovative and hardworking team that is just as passionate as I am about serving the community and delivering high quality, competitive loan products,” said Simon.
“What sets us apart from other mortgage companies,” said Ben Slayton, president and CEO of Legacy and a 54-year mortgage industry veteran, is that Legacy donates to Black communities, reinvests in opening new branches in predominantly Black cities nationwide, and serves potential customers within these communities.
As importantly, he added, Legacy hires, trains and develops new talent from within, and has an employee homeownership program “to help our employees purchase their own homes as well.”
The company currently is hiring regional managers, branch managers, loan officers, underwriters, processors and closers nationwide.
Motto Mortgage opens first franchise in MA
Mortgage brokerage franchise Motto Mortgage has opened a new office in Pembroke, Massachusetts to serve all markets throughout the Bay State.
Established by Mike Guimares, who has more than 16 years of experience in real estate, Motto Mortgage Northeast is a full-service mortgage brokerage and the first Motto Mortgage franchise opened in all of New England.
Bob Case, Chris Sumner and Mike Guimares, who together have over 50 years of mortgage experience, will serve as mortgage loan originators for the office. All loan originators in the Motto Mortgage network have access to competitive loans from various wholesale lenders.
Each Motto Mortgage franchise functions as a separate entity, owned, operated and licensed independently.
“Motto Mortgage Northeast offers an advantageous alternative to the traditional mortgage bankers currently operating in Massachusetts,” said Guimares. “We provide the scope, scale and support of a large retail lender, while offering the flexibility, autonomy and exceptional service of a local mortgage broker.”
Motto Mortgage Northeast is open for business remotely, or in person granted customers and employees follow COVID-19 safety measures.