Deephaven Hires Steve Lemon as Senior Vice President, National Head of Wholesale Sales

Charlotte Leader to Spearhead Expansion of Broker Network, While Helping Broker Partners Meet Increasing Demand for Non-Agency Products

CHARLOTTE, N.C.--(BUSINESS WIRE)--At a time of growing opportunity for the Non-Agency/Non-QM market, Deephaven Mortgage has recruited sales leader Steve Lemon to a top role within the organization.

Mr. Lemon is Senior Vice President, National Head of Wholesale Sales, charged with expanding Deephaven’s broker network as demand for its Non-Agency/Non-QM products increases.

Mr. Lemon brings more than 25 years of success to his new position, including 10 as Executive Vice President, Wholesale Division at Non-Agency lender New Century Mortgage and five more as a Director at Avelo, where he was responsible for client acquisition, sales and support for its prime jumbo conduit.

He has also served as President of The Lemon Six, Inc., specializing in private money real estate investing and consulting.

“Steve Lemon’s knowledge, experience and broker relationships in the Non-Agency space are second to none. He understands the rapidly evolving borrower landscape, and the products wholesalers need to compete within it,” said John Keratsis, President and Chief Executive Officer, Deephaven.

“This is the moment for Deephaven and its partners to soar,” said Mr. Lemon. “The conforming market just hasn’t kept up with the needs of a new class of entrepreneurial borrowers the way Deephaven has. Our partners want to do more lending, and Deephaven’s innovative products and services will provide them with a strong, steady outlet for new business.”

Mr. Lemon, who resides in Waxhaw, N.C., is married to Varsha Vishnu Lemon. He is reachable at [e-mail].

About Deephaven

Deephaven is a full service, multi-channel, long-term credit provider in the Non-QM space, providing access to financing to millions of underserved customers throughout the U.S. Deephaven was founded in 2012 and led the rebuilding of the non-government mortgage market. Please visit www.deephavenmortgage.com for additional information.