First Community Mortgage Expands Its Consumer Direct Division

NationalMortgageProfessional.com

Jan 29, 2018

First Community Mortgage has announced the expansion of its Consumer Direct Division in the Cleveland, Ohio market. The company has added 25 employees to its team since February of 2017.

The new Consumer Direct Division will be led by Jay Slone, who brings 15-plus years of mortgage lending experience to the team. Slone, a Cleveland-area native, will serve as Vice President of First Community Mortgage’s Consumer Direct Division.

“With the ongoing revitalization and rebirth of Cleveland, investing in the Northeast Ohio market was an easy decision for us,” said Andy Voyles, Executive Vice President and Director of Lending for First Community Mortgage. “There are great people here, combined with an unmatched work ethic and determination for success. We are confident our Cleveland based employees will flourish in our business model.”

Also leading the sales teams are industry veterans Mike Mastrangelo, Larry Weir and Matthew Sheffey. Garett Boham oversees the local operations team.

“To us, a mortgage loan is more than a financial transaction. Its personal. We were all born and raised in the Cleveland area and are very passionate about helping our fellow Clevelanders make great financial choices,” said Sheffey.

Link copied

Published

Jan 29, 2018

Analysis and Data

Resilient Labor Market Adds 339K Jobs In May

Despite 15% increase in new jobs from April, unemployment rate rises to 3.7%.

The U.S. labor market continues to defy efforts to slow the economy, adding a surprising 339,000 jobs in May, nearly double the expectations of economists, the government said Friday. Despite the biggest increase in employment since January, the unemployment rate rose by 3 ...

Regulation and Compliance

6 Federal Agencies Seek Comment On Proposed Rule For AVMs

The rule is intended to ensure the credibility and integrity of Automated Valuation Models.

Six federal regulatory agencies on Thursday requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in automated real estate valuations.  The proposed rule would implement quality control standards for automated valua...