Joe Altomonte Returns to Silver Hill as AVP of Business Development

Feb 05, 2019

Silver Hill Funding has announced the addition of Joe Altomonte as Assistant Vice President of Business Development. In his new role, Altomonte will establish and nurture strategic partnerships with industry organizations, as well as provide valuable training to originators looking to diversify their business with commercial lending.

“We are very excited to welcome Joe to our firm,” said Silver Hill Managing Director Leslie Smith. “His skillset as a communicator and experience in the small-balance commercial space make him the perfect fit as we develop mutually beneficial relationships with today’s commercial and residential originators.”

Prior to Silver Hill, Altomonte spent the previous 10 years at Advance Local, a digital advertising firm where, as a Senior Corporate Trainer, he trained advertising professionals in digital marketing strategies for small businesses.

Altomonte rejoins the Bayview family after a six-year stint from 2002-2008, where he served as a Senior Seminar Leader, developing and executing educational presentations, workshops and training for mortgage brokers interested in growing their small balance commercial loan business.

About the author

NationalMortgageProfessional.com

Link copied

Published

Feb 05, 2019

Analysis and Data

February Delinquency Rates Remain Historically Low

Most homeowners with a mortgage still able to make their payments on time in February, CoreLogic report shows.

CoreLogic’s latest Loan Performance Insights Report, released Thursday, shows the share of all U.S. mortgages in some stage of delinquency (30 days or more past due, including those in foreclosure) held at 2.8% in February, unchanged from January but a year-over-year decline...

Industry News

UWM, UMortgage Under Attack For Alleged Shell Scheme

A report released on April 25 by the hedge-funded media company alleges UWM set up a shell company, UMortgage.

Just weeks after allegations against United Wholesale Mortgage (UWM) were published in an exposé-style report and a class action lawsuit, Hunterbrook Media is once again putting the Michigan lender under the spotlight. On Thursday, the hedge-funded media company published...