IRVINE, Calif.--(BUSINESS WIRE)--The Change Company, America’s Community Development Financial Institution (CDFI), is pleased to announce the appointment of Jon Irvine as Chief Production Officer of its mortgage banking subsidiary Change Home Mortgage. Jon is responsible for revenue-generation strategy and execution across all origination channels, including Change Wholesale. His duties include overseeing the sales, marketing, onboarding, and training teams to ensure Change Home Mortgage executes its strategy to expand affordable homeownership across the United States.
Mr. Irvine reports to Change Home Mortgage President Ted Ray, who said, "Jon is a seasoned sales leader with a proven track record of growing originations, as well as building and coaching world-class teams. I am thrilled to work with Jon again because he has lived our values and celebrated our shared mission throughout his career. Jon is the ideal person to help lead Change Home Mortgage through our next stage of growth and we are very pleased he has joined our team.”
Jon has spent over two decades growing and managing origination platforms and building successful, mission-based sales teams. Jon previously served as Senior Vice President of retail residential lending at Banc Home Loans, a division of Banc of California, alongside many of The Change Company’s executives. Mr. Irvine most recently served as the Chief Strategy Officer for Sovereign Lending Group and as a Senior Vice President at Mr. Cooper Group, Inc.
“I’m excited to be joining The Change Company. Equal access to lending and banking products is central to the American Dream and a necessary part of eliminating America’s persistent social and racial inequities,” Irvine said. “I am committed to Change’s goal of closing the wealth gap by expanding homeownership in minority and low income communities. I am passionate about Change’s mission, excited to join its amazing team, and eager to expand access to Change’s proprietary loan programs – including the Community Mortgage. I look forward to working with many of my mission-based colleagues from Banc of California to pursue Change’s strong, innovative, and necessary mission.”
Mr. Irvine joins The Change Company’s executive team responsible for overseeing Change’s mission of financing America’s homeowners, fairly and responsibly. Reverend Everett Bell, Chair of Change’s Community Advisory Board, welcomed Mr. Irvine stating, “The Community Board is thrilled to welcome Jon to the team. Jon is an experienced executive who has always measured success both economically and socially. Jon expands the diversity of our leadership and reinforces the passion we have for our mission.”
The Change Company and Change Home Mortgage each are investment grade rated and certified as CDFIs by the United States Department of the Treasury to serve Black, Latino and low-income borrowers and communities. As a CDFI, loans originated by The Change Company and Change Home Mortgage are eligible for CRA credit and enjoy certain regulatory exemptions including relating to Regulation Z and risk retention requirements.
In 2020, The Change Company originated over $7 billion in home loans, and it expects to grow annualized originations to over $10 billion this year. As the home of the Community Mortgage, Change has innovated home lending for minority, low-income and other prime borrowers with non-traditional documentation. Change’s Community Mortgage is an owner-occupied mortgage for prime borrowers able to qualify without traditional income and employment documentation. Change previously announced its $1 billion initiative to expand Black Homeownership in partnership with Netflix as well as $1 billion initiatives to expand Latino homeownership and homeownership in low-income communities.
About The Change Company
The Change Company empowers homeowners, small businesses, and consumers to pursue their American dreams by bringing social and racial equity to banking and lending. The Change Company’s team has built businesses that have lent over $50 billion to over 250,000 borrowers and provided financial services to over two million Americans.
For more information, visit www.ChangeLLC.com
About Change Home Mortgage
Change Home Mortgage is a residential mortgage lender approved as a direct seller and servicer by Fannie Mae, Freddie Mac, and Ginnie Mae. Change Home Mortgage is certified by the United States Department of the Treasury as a Community Development Financial Institution allowing it to offer proprietary mortgage options for prime borrowers others can’t finance. Change operates through its retail, wholesale, and community direct channels. Its wholesale channel operates under the name Change Wholesale.