Skip to main content

River City Mortgage Taps Ray Brousseau to Lead Nationwide Expansion

NationalMortgageProfessional.com
Nov 19, 2019
River City Mortgage has announced its plans to expand its operations into eight new states–Oregon, Massachusetts, Vermont, Rhode Island, Connecticut, Delaware, Maine and New Hampshire

River City Mortgage has announced its plans to expand its operations into eight new states–Oregon, Massachusetts, Vermont, Rhode Island, Connecticut, Delaware, Maine and New Hampshire. The company also announced that Ray Brousseau, who served as president of Carrington Mortgage Services for the past eight years, and as a senior executive with Citigroup for 25 years prior to that, has joined the firm as a partner, and will serve as executive vice president, strategy and expansion. In this new role Brousseau will lead River City’s growth efforts across the country and oversee the launch of the company’s new Massachusetts facility.
 
Ray Brousseau, who served as president of Carrington Mortgage Services for the past eight years, and as a senior executive with Citigroup for 25 years prior to that, has joined the firm as a partner, and will serve as executive vice president, strategy an“We’re excited about expanding coast to coast from Oregon to Maine,” said Nick Hunter, River City Mortgage’s managing partner and chief operating officer. “Our success is due to making people our number one priority. When this becomes more than just words–when it becomes a practice–good things happen. Relationships are built. Ray Brousseau understands this commitment, and we’re all ecstatic to have him as part of our team. He will without a doubt teach us, mentor us, and more importantly, help increase our reach to help even more Americans with their refinancing or purchase goals in 2020.”
 
As a seasoned senior executive with 33 years of corporate leadership experience, Brousseau has the background, knowledge, relationships and passion to help lead River City Mortgage to new heights.
 
“My goal is to help accelerate the already impressive growth and scale of River City Mortgage across the nation,” said Brousseau. “What I learned after meeting with owners Nick Hunter and Dan Hutzelman, was that their success comes down to leadership, tangible client care, and an undeniable team culture. With platforms for inside, outside and remote loan officers, we’re looking forward to sharing our unique DNA and marketing prowess with loan officers similarly dedicated to excellent customer service.”
 
The company also announced that Tim Hoy will be joining River City as its senior vice president of expansion. Hoy, a long-time industry veteran, was most recently vice president of retail sales for Carrington Mortgage Services, and will be overseeing the launch of a new River City facility in Hunt Valley, Md.

 
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021
Inventory Begins A Slow Recovery

Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.

Industry News
Jun 16, 2021