Homespire Mortgage Adds Industry Vet Fobby Naghmi – NMP Skip to main content

Homespire Mortgage Adds Industry Vet Fobby Naghmi

NationalMortgageProfessional.com
Dec 26, 2019
Homespire Mortgage has hired Fobby Naghmi as executive vice president, national director of strategy and growth

Homespire Mortgage has hired Fobby Naghmi as executive vice president, national director of strategy and growth. Naghmi, who has 25 years of mortgage experience, is responsible for managing the growth of the company’s current retail channel as well as developing two new channels: Wholesale and Affinity.
 
Homespire Mortgage has hired Fobby Naghmi as executive vice president, national director of strategy and growth“Fobby’s experience in the industry coupled with his dedication and passion to create efficiencies make him a strong asset to our company as we continue to grow,” said Michael Rappaport, president of Homespire Mortgage. “He has a strong track record of success, and his knowledge and expertise will help our company expand its footprint in retail and our new wholesale markets as well as develop strong affinity relationships. In his position, Fobby has the opportunity to carve a new path for Homespire and advance the company’s growth and expansion efforts.”
 
Previously, Naghmi was senior vice president of the Eastern Division of Planet Home Lending. Additionally, Naghmi started his own mortgage company in 2000, Horizon Mortgage Corporation. He quickly grew the company to four locations across the D.C. metro market, with an emphasis on assisting first-time homebuyers in emerging markets.
 
“At Homespire, my primary goal will always be to grow new markets while creating new opportunities for HMC. It is equally important to focus on sharing the company culture that I have experienced firsthand. It’s an inclusive culture with an emphasis on strengthening the communities where we live and work. It is important that while we expand and grow our national footprint, we remain committed to the deeply-rooted values and unique culture here at Homespire Mortgage,” Naghmi said. “Additionally, I would like to have a more market-centric loan process. This would allow managers to better the unique needs of their borrowers in a timely manner.”

 
Published
Dec 26, 2019
Angel Oak Mortgage Reports Second Straight Quarterly Loss

Non-QM lender reported net loss of $52.1 million.

Industry News
Aug 10, 2022
loanDepot Dumping Brokers, Exits Wholesale

As company reports second straight quarterly loss, it announces plans to exit its wholesale business by Oct. 31, 2022.

Wholesale
Aug 09, 2022
UWM's Q2 Profit Up YOY, Despite Steep Drop In Originations

Q2 net income was up 55% from last year, while originations were down nearly 50% YOY

Industry News
Aug 09, 2022
Increasing Number Of Homes On The Market Longer

Redfin reports that 61.2% were listed for at least 30 days, up from 54.4% a year earlier.

Industry News
Aug 09, 2022
Cenlar Appoints New Chairman, Co-CEOs

Dave Applegate, the new board chair, played a major role in launch of UMBS.

Wholesale
Aug 08, 2022
Zillow Introduces AI To Home Shopping

Using Zillow's AI-generated floor plan tool, U.S. Home shoppers can get a deeper sense of a home without stepping inside.

Industry News
Aug 08, 2022