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National Mortgage Professional
Feb 11, 2009

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, Ore. "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 lending." For more information, visit www.netmoreamerica.com.
Published
Feb 11, 2009
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