Quontic Hires VP, National Wholesale Sales Manager

Quontic hired Craig Schimelman as vice president, national wholesale sales manager. Schimelman most recently spent time at Athas Capital Group, where he served as vice president of wholesale production. 

Schimelman will be responsible for continuing to build out the national wholesale footprint for Quontic. He is responsible for hiring regional sales managers and wholesale account executives to aggressively grow the Non-QM market. He will also continue to build relationships with current and new mortgage brokers to drive Quontic's wholesale mortgage loan programs.

"We are committed to the Wholesale Mortgage side of our business and bringing Craig onboard furthers our goal to be the premier Non-QM CDFI lender in the nation," said Steve Schnall, CEO of Quontic.

Quontic's wholesale mortgage funding increased 600% from September 2020 and continued sustainable growth is predicted due to the company's competitive product offering and Schimelman's leadership, according to a press release. Quontic's Non-QM programs provide for highly flexible income qualification for self-employed, gig economy workers, immigrants and other low-income borrowers, and allow for 100% gifts for down payments, closing costs, and reserves.

"With my background in building sales teams and growing Non-QM sales division to record levels, I'm bringing a unique and strategic approach to Quontic," said Schiemelman.