Mortgage lender strengthens presence across key regions
Private mortgage lender Summit Funding is expanding its national presence with the addition of several seasoned professionals in key regions.
The Sacramento, Calif.-headquartered company has welcomed Stacey Duncan, a 22-year mortgage industry veteran, to lead its Southeast expansion in Charlotte, North Carolina. Duncan’s team is projected to close $150 million in volume in 2024.
“Stacey Duncan’s dedication to the mortgage industry and her proven track record of success align perfectly with Summit Funding’s strategic vision,” CEO Todd Scrima said in a Press release. “Her leadership and expertise will be instrumental as we continue to expand our presence in the Southeast.”
In the Midwest, Summit Funding has hired Jason Bryant, who brings over two decades of experience in the financial and mortgage industry. Bryant’s focus will be on leading the company’s expansion in the region.
“Jason’s experience in delivering results was paramount to our choice in selecting him as a leader in the Midwest,” said Matt Schoolfield, divisional sales leader at Summit. “In my time learning about Jason, I’ve experienced him to be a dependable and authentic leader, as well as one who impacts those around him with a humility that comes only from putting others in front of himself.”
The lender said it is also experiencing significant growth in Texas, focusing on developing the skills of its loan officers.
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“We’re growing increasingly excited about the results we’re seeing in Texas. We believe loan officers today are truly looking for companies that are committed to developing their most important asset – their people. We’re dedicated to helping them max out their abilities and skills,” Schoolfield said
Boston-based Rui Chaves, with over 20 years of experience in financial lending and mortgage, has joined Summit Funding to spearhead its growth in the Northeast.
“New England is a tough market to compete in. In order to be successful there, you have to have an amazing leader like Rui Chaves. He truly cares about investing in his teams and developing their business. With Rui leading the charge, Summit will bring a new and fresh approach to the marketplace,” said Deran Pennington, East Coast divisional leader.
Since the beginning of 2024, Summit Funding has hired nearly 50 loan officers and onboarded four major branches as part of its strategic expansion plan.
“Summit Funding has always been an attractive place to originate because of how much the company develops their loan officers,” said Chris Shelton, divisional sales leader. “Loan officers like Stacey Duncan are becoming attracted to a company that practices what they preach when it comes to development of the LO. The days of talking about doing it versus taking action are over; LO’s want a company that takes action.”
“Great people like Rui, Jason, and Stacey have the results of 5-10 people. I am a believer in fewer people who are more effective leaders, and that is what we are building,” Scrima added. “Our belief is the same with hiring loan officers: hire fewer of them and get them to 10-30 loans per month through teamwork, collaboration, and massive marketing and sales.”
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