Real Estate Mortgage Network Inc. (REMN) has announced the launch of its new Correspondent Division from the company’s recently opened fulfillment center in Irvine, Calif. The launch of REMN’s correspondent division coincides with the addition of two key hires to be based in the Irvine fulfillment center. Effective immediately, Bela M. Donine is joining REMN as managing director of correspondent lending, charged with leading the strategic launch of this important new initiative for REMN. Joining Donine will be Melissa Sherman, managing director of West Coast Operations, who will provide support for the new correspondent division and manage wholesale fulfillment operations for the West Coast.
The launch of the new wholesale fulfillment center and correspondent division further solidify REMN’s commitment to being a full-service lender focused on quality, channel diversity and customer service in the mortgage industry. As a whole, Real Estate Mortgage Network Inc. (REMN) combines the services of consumer retail branches with those of large-scale wholesale lending and online channels. REMN currently employs more than 800 associates, operates five fulfillment centers and has more than 40 retail offices licensed to originate loans across the continental US. In addition, their platform includes an online consumer direct division, which is doing business as FinanceMyHome.com.
Donine brings more than 25 years of lending industry experience to REMN, building and managing new sales channels that adhere to the same standards for quality and customer service for which REMN is known. She has held senior executive positions with major national lenders, including Greenlight Financial, MAGI Advisors and Opteum Mortgage, overseeing risk management, wholesale operations, and underwriting. Donine has been instrumental in forming national sales teams that embody her own quality-driven philosophy, which will also become the cornerstone of REMN’s new correspondent lending division.
Sherman is a proven operations manager and brings nearly 20 years of experience to REMN garnered from work on both the wholesale and retail sides of the industry. In former operational positions with GMAC ResCap and Icon Residential Lenders, she directly managed sizable teams that consistently exceeded both production goals and customer satisfaction ratings. Sherman’s depth of operational experience and attention to quality makes her a perfect fit to support REMN’s correspondent division and wholesale fulfillment center in Irvine, Calif.
“As REMN continues to invest physically and financially across the country, so does our necessity for building onto our superior leadership across the organization. Our West Coast management team embodies the very same commitment to quality and customer service that we’re known for across all levels in the residential lending industry," said Peter Norden, chief executive officer of REMN. “I've personally known Bela Donine for more than 12 years and have had the pleasure of working directly with her during the years she was with Opteum. She is a recognized, trusted industry leader that exemplifies our long-term strategic objectives. While I never worked directly with Melissa Sherman, I know that she has an entrepreneurial spirit and is a proven manager with a commitment to quality and customer service, traits built into the DNA of REMN.”