Ray Brousseau has joined the company to spearhead its expansion into eight new states
The former head of Carrington Mortgage Services has joined River City Mortgage to spearhead the company’s expansion into eight new states.
Ray Brousseau, who served as president of Carrington Mortgage Services for eight years, has joined River City Mortgage as a partner and will serve as executive vice president of strategy and expansion. In this role, he will lead the company’s growth efforts across the nation and oversee the launch of its new Massachusetts facility. The Cincinnati-based lender has announced plans to expand into Oregon, Massachusetts, Vermont, Rhode Island, Connecticut, Delaware, Maine and New Hampshire.
“We’re excited about expanding coast to coast from Oregon to Maine,” said Nick Hunter, managing partner and COO of River City Mortgage. “Our success is due to making people our number-one priority. When this becomes more than just words – when it becomes a practice – good things happen. Relationships are built. Ray Brousseau understands this commitment, and we’re all ecstatic to have him as part of our team. He will without a doubt teach us, mentor us, and more importantly, help increase our reach to help even more Americans with their refinancing or purchase goals in 2020.”
“My goal is to help accelerate the already impressive growth and scale of River City Mortgage across the nation,” Brousseau said. “What I learned after meeting with owners Nick Hunter and Dan Hutzelman was that their success comes down to leadership, tangible client care, and an undeniable team culture. With platforms for inside, outside and remote loan officers, we’re looking forward to sharing our unique DNA and marketing prowess with loan officers similarly dedicated to excellent customer service.”
River City’s loan volume is expected to top $600 million this year, according to CEO Dan Hutzelman.
“With Ray Brousseau leading operations in the northeast and driving expansion across the nation, we expect loan volume in 2020 to reach nearly $1 billion,” Hutzelman said.
Carrington veteran Tim Hoy will also be joining River City as senior vice president of expansion, the company said. In that role, Hoy will oversee the launch of a new River City facility in Hunt Valley, Md. He most recently served as vice president of retail sales for Carrington.
