NetMore America hires Michele Sophiea Newsham as executive vice president, operationsMortgagePress.comNetMore America, Michele Newsham, Mark Freedle
NetMore America Inc. (NetMore), a next generation mortgage
banker, has announced the hiring of Michele Sophiea Newsham as the
company's new executive vice president, operations. Ms. Newsham
brings to this new position over 20 years of national operation
management experience within the mortgage industry with a strong
focus on process design, efficiency modeling and team building. Ms.
Newsham will play a critical role in the company's risk management
efforts and be based at NetMore's operations center in Clackamas,
"Michele's successful background in operational management,
leadership in building partnerships across company lines while
balancing production needs and back office compliance is an
exceptional fit for NetMore's immediate and long-term goals,"
commented Mark Freedle, president and CEO of NetMore. "Having just
closed over $126 million in loans in January 2009, a 33 percent
increase over December 2008, and with our objective of being a
nationwide lender by 2010, NetMore is focused on continuing to
enhance our operational efficiency to achieve higher productivity
and mitigate risk throughout the lending value chain."
In her new role, Newsham is responsible for national operations
for wholesale lending and NetMore's professional branch system.
Newsham joins NetMore from Senior Lending Network, where she
served as vice president, national operations managing the
wholesale and retail operations for reverse mortgage originations.
Previously, she was senior vice president, national wholesale
operations of American Brokers Conduit (ABC), where Newsham
developed and initiated operational processes and procedures that
helped ABC to become the fastest growing and a top ten ranked
wholesale mortgage lender. During Michele's tenure, ABC's annual
production grew to over $33 billion at the end of 2006 from just
$1.9 billion in 2002 and she was responsible for managing 34
decentralized wholesale operation centers with a staff of five
regional managers, three national support managers and over 600
employees nationwide. In addition, during her career Newsham has
held senior operational roles at Washington Mutual and Bank of
America among other mortgage origination companies.
"I am delighted to be joining NetMore during this exciting
period to help further prepare the Company for its nationwide
expansion and next stage of growth," commented Newsham. "With a
significant increase in production volume anticipated in 2009, on
top of record volumes realized in 2008, there is no better time to
assess and implement best practices and streamlined processes to
create efficiencies, manage risk and increase overall
profitability. I am excited about working closely with this
outstanding team of forward thinking professionals and helping to
build a sustainable national platform through responsible
For more information, visit www.netmoreamerica.com.