TMS Funding has announced the hiring of Domenic Melillo as vice president of wholesale lending. Mr. Melillo joins TMS Funding with over 30 years of success in mortgage sales management, operations, strategic development, marketing, risk management, and secondary marketing management. In this new role at TMS Funding, Melillo will be focused on increasing both wholesale production and TMS Funding’s team of account executives nationwide.
“Our hiring of Domenic into this new regional production leadership role demonstrates TMS Funding’s continued commitment to the wholesale channel as well as the mortgage broker community,” said John Walsh, president of Total Mortgage Services LLC. TMS Funding is the wholesale residential lending channel of Total Mortgage Services. “Domenic brings a significant amount of experience in wholesale and correspondent production to TMS Funding and will be an enormous help in delivering on our value propositions of consistent competitive pricing, extensive product knowledge and best-in class technology and service.”
Melillo joins TMS Funding from NYCB Mortgage Company, where as regional lending manager, he was responsible for all wholesale and correspondent production in the Northeast Region. Previously, Melillo was a VP of wholesale-East at Financial Freedom Senior Funding/OneWest Bank, where he managed a team of nine managers in 19 eastern states generating a significant percentage of the firm’s wholesale reverse mortgage production. Prior to this position, Melillo was a regional president at IndyMac Bank Correspondent Sales Division, where he was responsible for the management and coordination of all sales and marketing resources in the Northeast Region and consistently delivered annual production in excess of $1 billion. During his career, Melillo was also employed by Genworth Mortgage Insurance, where he held various positions with increasingly responsible, ending as the SVP of national sales and marketing.
