Read on: The Loan Store transaction shows the growing role of brokers
The lender noted in an email that the appointment “signals a major growth point for the young company. The company is rapidly expanding its operational capabilities when it comes to products, licensing and personnel to best serve the mortgage broker and non-delegated correspondents.”
Following the acquisition of The Loan Store, it hired Homepoint’s sales and operations staff. It also plans to expand its state licensing coverage to almost all 50 states and introduce some unique product offerings over the following few months.
“Leading the team at The Loan Store is a dream opportunity for me and I’m delighted to work with so many talented people who find themselves obsessed with making a positive impact on mortgages,” said Shoemaker. “We are in expansion mode and focused on improving our platform to make The Loan Store a sustainable and reliable option for wholesale lenders.”
