Top executive selected to drive the wholesale mortgage company's growth
The Loan Store has confirmed the appointment of Phil Shoemaker (pictured) as its new chief executive officer following its acquisition of Homepoint’s wholesale originations business.
Shoemaker, previously the president of originations at Homepoint, will succeed Mark Lefanowicz, who has served as president and CEO of The Loan Store since its founding in 2019. Lefanowicz will continue as chairman of the board.
“Phil Shoemaker is a proven builder, and we are thrilled to have him leading The Loan Store into its next chapter,” Lefanowicz said. “Phil has consistently been one of the foremost voices in promoting and expanding the wholesale channel, and he has an outstanding track record of developing companies from new entrants in wholesale lending into well-known, perennial top performers. His vision and leadership will help drive sustainable growth for The Loan Store and wholesale mortgage lending overall.”
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The lender noted in an emailed release that the appointment “signals a significant growth point for the young company. The company is rapidly expanding its operational capabilities in regard to products, licensing, and personnel to best serve its mortgage broker and non-delegated correspondent partners.”
After the acquisition, The Loan Store onboarded Homepoint’s sales and operations personnel. It also plans to expand its state licensing footprint to nearly all 50 states and roll out several unique product offerings within the next few months.
“Leading the team at The Loan Store is a dream opportunity for me, and I’m excited to work with so many talented people who are passionate about making a positive impact in mortgage lending,” said Shoemaker. “We’re in expansion mode and focused on enhancing our platform to make The Loan Store a sustainable and reliable option for wholesale loan originators.”
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