He will play a key role in growing the lender's broker network
Deephaven Mortgage, a mortgage lender focused on non-agency loans, has tapped non-QM expert Steve Lemon to head the expansion of its broker network.
As national head of wholesale sales, Lemon will help ensure Deephaven’s wholesale broker channel can keep up with the growing demand for its non-QM products.
“Steve Lemon’s knowledge, experience and broker relationships in the non-agency space are second to none. He understands the rapidly evolving borrower landscape and the products wholesalers need to compete within it,” said John Keratsis, president and chief executive officer of Deephaven.
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Lemon’s 25-year mortgage career includes a decade spent leading New Century Mortgage’s wholesale division as executive vice president and another five years as a director at Avelo, where he was responsible for sales, client acquisition, and support for its prime jumbo conduit. The executive also served as president of The Lemon Six, a private lender and real estate investment consultation firm.
“This is the moment for Deephaven and its partners to soar,” Lemon said. “The conforming market just hasn’t kept up with the needs of a new class of entrepreneurial borrowers the way Deephaven has. Our partners want to do more lending, and Deephaven’s innovative products and services will provide them with a strong, steady outlet for new business.”
