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Mid America Mortgage Inc. has announced that Adam Rieke has joined the organization as director of national TPO lending. Rieke brings an extensive track record of success in the mortgage lending arena. Over the last 23 years, Rieke has built and managed several highly profitable wholesale lending operations. An industry veteran, Rieke will continue to focus his efforts in the TPO sector in his new role with Mid America Mortgage.
“Mid America has always placed a special emphasis on our third-party originators,” Mid America Chief Executive Officer Jeff Bode said. “Combining Adam’s operational skills with the broker-specific functionality available through Mid America’s proprietary software system, Mortgage Machine, creates a unique opportunity to further enhance the value Mid America’s TPO channel provides, and together, we believe we can make the wholesale process so much better for our brokers.”
“Technology is a major concern due to regulatory compliance requirements and in allowing the millennial generation to have a greater role in the housing industry,” Rieke said. “Under CEO Jeff Bode's vision and through utilization of Mortgage Machine, Mid America Mortgage enables its TPO partners to utilize technology-based solutions to combat an ever-changing regulatory landscape. In so doing, Mid America has attracted quality brokers, bankers, and depositories. By providing the necessary ‘ease-of-use,’ it has also freed its TPO partners to focus on their strength, the origination of residential mortgage loans."
Most recently, Rieke served as regional vice president with PRMG, expanding their wholesale market in the Midwest. Prior to that, he spent seven years as senior vice president with Mortgage Services III LLC (MSI), which became the seventh largest wholesale lender in the nation, by volume according to Crain's in 2013. He also served as president and CEO of a national wholesale lender that was sold to shareholders in 2006 at a premium, and in 1995, he led First Horizon’s wholesale lending channel in the Chicago area.