Digital multi-channel lending institution reduce Hired industry veteran Craig Montgomery, who previously served as chief production officer Cross-border mortgages (CCM), serving as its chief strategy officer.
Montgomery “will oversee retail strategy and expand the company’s technology-driven platform, which provides the founding team with the resources they need to achieve their goals,” the company said in a statement.
Montgomery has been with CCM for 11 years, starting as director of branch operations in 2013 and becoming chief production officer in 2017. . Inside Mortgage Finance. Prior to that, Montgomery was a branch operations manager for: national loan corp..
“Hiring someone with his experience and proven track record is a huge win for the company,” Snyder said in prepared comments.
A CCM spokesperson declined to comment on Montgomery’s new appointment.
Montgomery’s comments about the new position highlight Raul’s entrepreneurial spirit and support from institutional investors, such as accelerator, Veritax Holdings and Sophie.
Montgomery’s upcoming company grew organically through investments (and through mergers and acquisitions) to become a top five bank in the country.
In November 2023, Lower announced the acquisition of Colorado-based universal loan home loan. A month later, Lower added Texas Prosperity Mortgage. The financials of the transactions were not disclosed.
during an interview house line In April, Snyder said more deals were likely as he planned to acquire another business this year. Snyder said he’s willing to pay a premium to the owner if he finds a good company.
Lower announced in June 2021 that it had raised $100 million in Series A funding led by venture capital firm Accel. Lower’s other minority shareholder is Veritex Holdings; Veritex Community Bank.
according to National Multi-State Licensing System As of Monday, Lower’s NMLS had 613 secured loan officers and 109 active branches. Lower claims the Thrive acquisition makes it the 25th largest mortgage lender in the United States.
