IRVINE, Calif.--(BUSINESS WIRE)--Greenlight Financial Services (“Greenlight” or “the Company”), a leading nationwide retail residential mortgage lender celebrating its 10th successful year in business, has announced major expansion plans, including the launch of its wholesale lending division in the first quarter of 2012.
“We are implementing a sustainable growth strategy that is designed to increase the breadth and scope of our product offerings nationwide,” said Joann Pham, CEO of Greenlight. “Our position gives us the unique ability to leverage current market opportunities to launch new business channels that will allow us to build upon our ten year history of success.”
Executive Vice Presidents and industry leaders, Mary Glass-Schannault and Gretchen Verdugo are tasked with the launch of the Company’s wholesale division. Ms. Glass-Schannault is nationally recognized in the mortgage banking industry with more than 33 years of leadership experience in mortgage operations and originations for national wholesale/conduit channels including REIT management and capital markets. Ms. Verdugo, a CPA, participated in public offerings of in excess of $1 billion equity capital. Her professional career includes more than 20 years of financial services experience, including REIT management and capital markets. Verdugo and Glass-Schannault have each transacted more than $50B of securitizations and whole loan transactions. Bela M. Donine, National Sales Manager, with her background in nationwide correspondent originations, heads up the production effort with established relationships with traditional broker partners for wholesale delivery.
The launch of the wholesale division follows Greenlight’s recent introduction of their Reverse Mortgage Division and the expansion of their government-insured lending channel, including FHA and VA-insured mortgages. Along with broadening the scope of the business, Greenlight continues to widen their national footprint through the expansion of their state licensing.
In conjunction with the channel expansions and their retail national marketing campaigns, Greenlight intends to hire an additional 400 mortgage professionals across all divisions centralized at their Irvine, California headquarters. The hiring effort encompasses all levels of production staff, including licensed loan agents, account executives, processors, underwriters and funders.
To help streamline the application process for interested candidates, the company will be hosting a Job Fair on November 5, 2011 from 9:00 a.m. to 3:00 p.m. at the Irvine Marriott, 18000 Von Karman Avenue, Irvine, CA 92612.
Greenlight Financial Services, located in the heart of Irvine near John Wayne Airport, was founded in 2001 with a focus on providing the highest value to their clients through the lowest possible interest rates and fees, excellent customer service, and highly effective processing systems that incorporate the latest technology.
The company has also established a strong brand and customer awareness in the market place through multi-channel media campaigns and the memorable “You’ve got the Greenlight” jingle.