CEO views promotion as a testament to the company's commitment to diversity
Alterra Home Loan has announced the promotion of its executive vice president of retail lending to president.
The Nevada-headquartered independent mortgage bank has appointed Marc Hernandez to president, replacing co-founder Jason Madiedo, who moved up to the position of CEO.
Hernandez, who has 17 years of mortgage industry experience, joined Alterra in 2015. He has also held executive roles at First Midwest Bank, FirstMerit Bank, Bank of America, and 21st Century Mortgage Bankers. Additionally, he served as president of the Illinois Mortgage Bankers Association and the National Association of Hispanic Real Estate Professionals.
"Marc's a by-product of our culture and a prime example of our commitment to professional growth and grooming our leaders so they can be promoted from within. He knows the mortgage business well, but more importantly, he knows the people side of the business and excels at working well with a wide range of personalities," Madiedo said.
"In an industry that's constantly changing, Marc has an incredible ability to articulate his vision, set the direction for the company and execute. A successful leader needs to be very curious about what needs to change, and Marc is always challenging the status quo and questioning what we as an industry and company can do better. I also love that we were able to grow another Latino leader into our industry. I'm proud of that," he added.
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"Alterra has a strong, client-focused foundation and truly outstanding culture where driven professionals thrive. I'm eager to help the company reach the next level of success and growth by enhancing our product offering, investing in our technology platform, and inspiring our team of top-tier talent," Hernandez said.
"My goal is to build a best-in-class operations platform and explore strategic opportunities that will enable Alterra to better serve our clients and be part of a larger national conversation among independent mortgage bankers."
