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Fast Mobile Home Loans hired Charles Arnell as the company's executive director. In his new role, Arnell will be responsible for helping the company scale its business up to a nationwide loan brand and help develop a vertically integrated business model, according to a press release.
Arnell has more than 20 years of experience in the mortgage lending industry and more than 30 years as a start-up business entrepreneur. Since 1988, Arnell has been involved in emerging markets and small business start-ups. He also started his first business before he graduated college and founded Town & Country Home Loans in 2001.
Fast Mobile Home Loans is a consumer lending company headquartered in Portland, Oregon, focusing exclusively on providing financing for mobile homes and manufactured homes in parks.
The company's managing director and mortgage loan originator, Greg Downey, worked with Charles Arnell as a peer in traditional home lending for over a decade.
"Fast Mobile Home Loans is developing a sophisticated and technology-driven 'concierge' model to mobile home lending for mobile homes in parks and on leased land," said Downey. "Thousands of mobile homes and manufactured homes are sold monthly nationwide, however there a large gap in knowledge, lending expertise, and consolidated resources on a national level."