Veteran has an "affinity for correspondent lending"
First Community Mortgage (FCM) has announced that 20-year mortgage veteran Toby Foster has come onboard to bolster the growth of its correspondent lending division.
As a correspondent account manager, Foster will work with FCM’s correspondent lender partners across the country, with an initial focus on the Southeast.
Foster has spent the last two decades building partner relationships in the retail, wholesale, and correspondent space. From 2016 to 2017, he served as president of the Mortgage Bankers Association of Georgia. Foster has also held various roles at several big firms, including Acopia Home Loans, Franklin American Mortgage, SunTrust Mortgage, and Well Fargo Home Mortgage.
“Toby has a special affinity for correspondent lending, which makes him a great liaison to our partners in that space,” said Dan Smith, president of First Community Mortgage. “His enthusiasm and excellence in the correspondent space is a great match for our dedication and continued growth in that area.”
“First Community Mortgage’s leadership has the same passion for correspondent lending that I do, so joining this organization is a terrific fit,” Foster said. “FCM is large enough to provide my correspondent partners with important basics like competitive pricing, but not so big that execution and delivery are in any way sacrificed. We’re committed to forming true partnerships, efficiently purchasing saleable mortgage loans.”
First Community Mortgage reported that it is on track to originate over $3 billion mortgages this year.e
