UWM CEO: I will sleep on an employee’s couch before I layoff any of 5.8K staff
Speaking to 5,800 employees in an emotional, all company address, Mat Ishbia, president and Chief Executive Officer of United Wholesale Mortgage (UWM), reassured everyone that their jobs are safe in spite of the COVID-19 challenges, and more help is available.
“When times are tough, that is when family steps up for each other and carries one another through. Every single member of this family is equally important and I can’t think of a better way to let 5,800 people know we’ve got their back than giving them job security at a time like this,” he said. “I will sleep on their couch before I lay anyone off.”
The Pontiac, Michigan based wholesale lending subsidiary of United Shore, underwrites and provides closing documentation for residential mortgage loans originated by independent mortgage brokers, correspondents, small banks and local credit unions, and offers tools and training to independent mortgage brokers.
“This is a scary time but we are going to get through this as a team and as a family,” Ishbia said. “I am proud of what our team has been able to accomplish leading up to and during this time from setting records to the way we care about each other, and our clients.”
In addition to job security, UWM is offering various benefits to help employees, their families and communities.
Training – Success Track courses provide UWM’s mortgage expertise to brokers in training. All classes are available online in a question-and-answer and team collaboration format, at no cost to UWM clients.
Culture – UWM is continuing its tradition of organizing its 3 o’clock online dance parties, company contests, theme dress days and virtual workouts like yoga and Zumba.
Perks – Employees will getdiscounts and offers through business partnerships, such as the current 20% discount on purchases at Rite Aid, a complimentary Door Dash membership that offers team members free food delivery from local restaurants, and no fee telemedicine services through SALTA.
“Together we can accomplish anything,” Ishbia said. “When we are all able to be back together under one roof, we will be stronger than ever.”
American National Bank of Texas names Kris McGrail VP, Mortgage Operations
American National Bank of Texas (ANBTX) hired Kris McGrail as vice president of mortgage operations responsible for all loan underwriting, processing, closing, and quality control.
As a mortgage industry and United States Army veteran, McGrail brings “an inherent leadership and focus to our team, making him the perfect choice for this role,” said Bob Dougherty, senior vice president and director of mortgage sales and operations. “We are excited to have someone as experienced as Kris to oversee our mortgage operations.”
Before joining ANBTX and throughout his 13-year career in housing finance, McGrail held various executive roles at large lenders and regional banks. Most recently, McGrail led multiple teams within the operations department at Penny Mac Loan Services.
In addition to corporate experience, he spent almost eight years in the United States Army as a Staff Sargent serving in the role of Logistic Analyst Manger and Battalion Training Sargent, “skills that only complement Kris’ extensive financial services background,” the company noted in a release.
Founded in 1875 in Terrell, ANBTX is a private community bank with $3 billion in assets and 28 locations in North Texas serving Collin, Dallas, Hunt, Johnson, Kaufman, Rockwall, Tarrant, and Van Zandt Counties. It offers traditional banking alongside investment services through its Wealth Management Group.
“I’m extremely excited to be back at a community bank, especially one with such an extensive history, like ANBTX,” McGrail said. “I look forward to working with, and learning from” the team and the opportunity to create the best mortgage experience for customers.
First Financial names award winning mortgage veteran, Irene Green SVP of lending
The Board of Directors of First Financial Bank, N.A. named financial industry and mortgage market veteran Irene Green, Senior Vice President of Mortgage Lending operations.
Green began her 30-year career in the financial services industry at a large community bank in Austin. She brings more than 19 years of mortgage lending experience to her new role.
She earned numerous awards “for her exceptional mortgage lending efforts,” according to a company release. Green is a seven-time winner of the Texas Monthly’s Five Star Award Professional, a four-time winner of Austin Business Journal’s’ Top 25 Mortgage Producer, and a two-time winner of Austin Magazine’s Top Mortgage Professional.
“Irene’s knowledge of the mortgage industry and the Austin area will make an immediate impact for our customers, communities, and homebuyers,” across all the surrounding counties, said F. Scott Dueser, Chairman, President, and CEO of First Financial Bank, N.A.
In addition, the board announced the opening of a new mortgage office in Austin, located at 13215 Bee Cave Parkway, which increases the bank’s Texas footprint to 78 locations.
“We are extremely pleased to expand our mortgage originations into the Austin area, and bring Irene Green to the First Financial Mortgage team,” Dueser added.
The bank is a subsidiary of First Financial Bankshares Inc., headquartered in Abilene, Texas, which also operates First Financial Trust & Asset Management Company, N.A., with nine locations and First Technology Services, Inc.
Broadmark Realty Capital strengthens executive management team
Seattle’s Broadmark Realty Capital Inc.has promoted Linda Koa to Chief Operating Officer and Dan Hirsty to Chief Credit Officer, who have been with Broadmark since 2017.
These well-deserved promotions “reflect our belief that both Linda and Dan exhibit great leadership and team building skills” that contributed to Broadmark’s growth over the past several years and led “their respective teams through our recent successful merger transaction,” said the company’s President and Chief Executive Officer, Jeff Pyatt.
In her previous role as Vice President of Operations and Client Services, Koa was responsible for managing operations and a newly launched Private REIT Fund. Prior, she was Co-Head of West Coast Operations and Client Services at the financial software firm, Envestnet/Tamarac. She holds a Bachelor of Arts and an M.B.A. from the University of Washington and a certificate in Financial Planning.
Previously Hirsty was responsible for monitoring portfolio performance, market research, and oversight of the disposition of real estate owned assets. Previously he had a financial planning and analysis role at BHP Billiton. Hirsty received his Bachelor of Arts from the University of Washington and Master’s degree in Professional Accounting from the University of Texas at Austin. He is a Certified Public Accountant and CFA charter holder.
Broadmark is an internally managed commercial mortgage real estate investment trust, which among others, focuses on the rehabilitation or development of residential and commercial properties. Going forward the new leadership team is ready to drive long-term growth, “as we seek to capitalize on our deep pipeline of originations, utilizing our substantial cash balance,” he added.
Amilda is a journalist and branding consultant interested in how entrepreneurs turn brilliant ideas into products and services that advance business acumen and improve people’s lives in unprecedented ways. She has covered mortgage finance for over 15 years.