Homeward Residential Inc., a subsidiary of Ocwen Financial Corporation, has announced that it has consolidated its wholesale and correspondent sales divisions under one business unit and leadership structure. The new Third-Party Origination (TPO) Division was designed to provide an improved and streamlined service experience for Homeward’s business partners, while supporting the company’s overall growth plans.
Homeward has named industry veteran Michael Moorhouse (pictured right) as senior vice president of the TPO Division. In his new role, Mr. Moorhouse will be responsible for both wholesale and correspondent sales operations with a mandate to drive responsible growth.
“By combining our wholesale and correspondent teams, we will make it easier for Homeward to meet the needs of our partners across all of our business channels, including broker, emerging banker, non-delegated and correspondent,” said Greg O’Connor, president of Homeward. “Additionally, coverage and service levels will improve with each partner having a dedicated support team, including a field representative, an internal sales support representative and a customer service representative, available at all times.”
Moorhouse has 30-plus years of strategic leadership experience in mortgage banking, including production, operations management, marketing, product development and technology development. Prior to joining Homeward, Moorhouse was vice president of Business Development at Icon Advisory Group, where he was responsible for its first mortgage pricing and performance analytics group. During his career, he has also held leadership roles at many leading mortgage companies.
Jason Dumke and John Douglas, both experienced Homeward sales executives, will work closely with Moorhouse on strengthening and expanding relationships with Homeward’s business partners.
►Jason Dumke, vice president, divisional manager of the East Division, will manage the expanded East Division and lead the expansion of the Inside Sales Team to support Homeward account executives on a national basis.
►John Douglas, vice president of Correspondent Sales, will manage the correspondent sales relationships and assume the role of divisional manager of client select for the Western Division
“Under the leadership of Mike, Jason and John, our TPO Division is committed to improving and building new relationships with our business partners and delivering best in class solutions to enhance our long-term growth,” said O’Connor.
