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Angel Oak Home Loans, a full-service retail mortgage lender, has hired Steven Valladares, CMB, as its vice president of correspondent sales. Valladares brings over 30 years of experience in the mortgage industry to Angel Oak’s growing correspondent channel. The correspondent business line is focused on purchasing and servicing home loans in the secondary market.
In his new role, Valladares will be responsible for creating and implementing a sales infrastructure to support the internal and external sales teams, as Angel Oak expands its focus to include both the agency and non-qualified mortgage markets. The firm has been purchasing agency mortgages since the third quarter of 2021, developing and refining its process to offer customers a one-stop-shop approach for the sale, servicing and securitization of essentially all home loan types to a larger audience of lenders.
“I am excited to be part of the growing sales team at Angel Oak, where we will continue to provide excellent support to our lender partners, especially in this unique market environment,” Valladares said. “Angel Oak’s leadership in the non-qualified mortgage market is indicative of what’s to come as we expand in the agency space as well. Angel Oak will act as a multifaceted correspondent capable of satisfying the needs of the massive agency market as well as Non-QM.”
Valladares brings almost 20 years of direct sales experience focusing on correspondent sales and relationship management. Most recently, he was instrumental in the national sales growth of some of the largest banks and mortgage providers in the country, such as Wells Fargo and Fannie Mae, where he held vice president positions overseeing national sales and capital markets teams.
Valladares earned his Master of Business Administration from the Babcock School of Business at Wake Forest University and a Master CMB designation from the Mortgage Bankers Association. He was awarded the Master Faculty Fellow designation by the association and previously served a two-year term on its residential board of governors.