Mortgage Returns has announced that its co-founder, Jim Blatt, has been appointed chief executive officer of the company. Blatt, who brings more than 15 years of senior leadership experience and small business development, will lead Mortgage Returns in providing relevant and automated marketing solutions for more than 225 financial institution customers nationwide. Prior to founding Mortgage Returns, Blatt led the expansion of Mary Engelbreit Retail Stores, doubling revenues from $3.8 million to $7.8 million in just one calendar year. Earlier in his career, Blatt was a senior financial manager for the Wild Pair, a 200-store footwear chain.
“Mortgage Returns has reached five consecutive years of 50 percent or more revenue growth,” said Blatt. “Last year, we hired a new chief technology officer and doubled our investment in our IT team. I am confident that our commitment to enhancing the technology-driven element of our solution will continue to provide outstanding results for more than 6,000 originators using our award-winning marketing platform.”
The St. Louis, Mo.-based Mortgage Returns provides a full-service customer retention management (CRM) and automated marketing solutions to help mortgage originators maximize profitability from clients, prospects and referral partners, and marketing solutions for more than 6,000 mortgage originators nationwide.
“Over the last three years, there has been tremendous consolidation in the mortgage industry," said Blatt. "While many mortgage companies and originators have left the business, our clients have experienced record growth. The average originator using our automated marketing platform realized 21 new loans found by Mortgage Returns in the first year, an average return on investment of more than 3,000 percent.”