New business to deliver "a more robust offering to mortgage brokers"
Amerant Mortgage is looking to grow its market share with the launch of its wholesale division.
According to its release, Amerant Wholesale Mortgage has onboarded 28 new staff who are expected to “supercharge the wholesale channel” for the company. The team is headed by mortgage industry veterans Rich Linderman, director of wholesale lending; Dennis Waxman, national wholesale sales director; and Mellissa Rugh, director of wholesale operations.
Additionally, Amerant, which provides specialized bank portfolio products, has added standardized agency loans to its wholesale platform.
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“When Amerant Mortgage partnered with Amerant Bank earlier this year, we initially focused on retail offerings as our primary line of business,” said Amerant Mortgage chief revenue officer Howard Levine. “As our business evolved, we found an opportunity to accelerate the growth of our wholesale division, which led us to bringing on this accomplished team, which generated a gross loan volume of over $2 billion in the last year, with a heavy focus in the purchase market.”
“Since the launch of Amerant Mortgage, the partnership has steadily grown in scale,” said Miguel Palacios, executive vice president and chief business officer of Amerant Bank. “The next logical step was a more robust offering to mortgage brokers, and with the addition of this new team, we have the capabilities to deliver unmatched service and product options.”
