LenderLive Network Inc. has announced that Marcy MacDonnell has joined the firm as regional account executive covering the southwest region for the company’s Correspondent Lending division. MacDonnell will be responsible for working with current and prospective clients, community banks, credit unions and mortgage banks that are participating in, or considering, the LenderLive correspondent program. She will report directly to Bob Kallio, senior vice president of the correspondent division.
MacDonnell brings more than 20 years of mortgage industry experience to LenderLive. Most recently, she was vice president of Flagstar Bank, responsible for the development, growth and management of both correspondent and wholesale relationships. Prior to Flagstar, MacDonnell was a wholesale account executive for Commerce Security Bank. MacDonnell began her career at Wausau Mortgage Corporation as a senior underwriter where she was responsible for underwriting all of the company’s FHA/VA and conventional loans.
“Community banks and credit unions are facing longer sales cycles and higher levels of suspensions in many of the larger investor programs,“ said David Vida, president of the LenderLive Correspondent Lending Division. “That’s why we are expanding and adding greater customization and flexibility to our program, and adding senior level talent, like Marcy, to better serve our customers.”