First Community Mortgage (FCM)
has announced a new Renovation Lending Initiative with the hiring of Cathy Bishop as FCM’s new Renovation Lending Manager and Jeff Talman as a Renovation Lending Specialist.
“The current housing market in the United States has made it extremely challenging to purchase a home. With this new initiative, we are very excited to help current and future homeowners obtain or renovate a home that will allow them to experience the full benefits of homeownership,” said First Community Mortgage Chief Executive Officer Keith Canter.
Bishop will lead the Renovation Lending Team at FCM, bringing more than nine years of renovation lending experience and 25-plus years of mortgage industry experience. She will be managing renovation loans, while also creating policies, procedures, and underwriting guidelines for the Renovation Lending Platform. In addition, she will serve as a mentor and liaison to the new team and its customers.
“Cathy brings knowledge about Renovation Lending that we could have only hoped to have. She has experience managing this process from beginning to end,” said Canter. “We are excited about the knowledge, leadership, and success she brings to the team.”
Talman will serve as the primary Loan Originator, working on renovation loans as a Renovation Lending Specialist. Talman brings 16 years of renovation lending and mortgage experience, primarily working in urban neighborhoods, which will further FCM’s commitment to working in underserved and multicultural communities. He will originate all renovation loans and serve as a partner to the Renovation Lending Team to create and deliver training on the benefits of renovation lending.
“Jeff has a passion for renovation that we haven’t seen before. Adding him to the team was just another piece of the puzzle to create a strong team of individuals, focused on serving those in our community and bringing awareness to renovation lending,” said Brandon Sandefur, FCM Executive Vice President. “Jeff will be able to mentor the team, while really focusing on our customers and educating them on the benefits of a renovation loan.”