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Angel Oak Home Loans, a full-service mortgage lender, has hired Daniel Sheehy as a senior correspondent account manager to help lead the expansion of the firm’s correspondent lending business in agency and non-qualified mortgage markets. Sheehy has spent 24 years in the correspondent lending channel and brings a total of 30 years of experience in the mortgage industry to Angel Oak’s fast-growing correspondent channel.
Sheehy will be responsible for creating new partnerships with lenders across the United States to gain access to purchase both qualified and Non-QM loans. In addition, Sheehy will work closely with Angel Oak’s executive team to ensure client expectations are met, strategic expansion goals are achieved and business operations are run efficiently amid a volatile market climate.
Sheehy’s extensive leadership experience in similar correspondent sales positions has prepared him to help execute Angel Oak’s lofty growth plans. Prior to beginning his position at Angel Oak, Sheehy worked as a correspondent sales manager at Homepoint Financial Corporation and a key account manager at Chase Home Lending.
“I'm very proud to join Angel Oak’s correspondent sales team, as their fast-paced culture and dedication to superior customer service truly differentiate their firm in the marketplace,” said Sheehy. “There is plenty of room for growth in the correspondent lending channel and I plan to help Angel Oak capitalize on that by leading with tenacity. Angel Oak’s expansion into correspondent lending will not only allow us to attentively support new partners, but also provide a wide variety of agency and non-qualified mortgage options to those who need them.”
The hiring of Sheehy is part of Angel Oak’s long-term strategic plan to expand its correspondent lending division, which has been a pillar of growth for the firm both internally and externally. Angel Oak also hired Steven Valladares as vice president of correspondent sales roughly one month earlier, showcasing that the firm’s expansion plan is in full swing. Angel Oak continues to deepen its foothold in the agency correspondent market to support a long-term focus on this sector of the mortgage business.
“We are building an excellent solution for the issues facing the mortgage industry now and for years to come,” said Valladares. “With Angel Oak’s infrastructure, skilled team members and industry expertise, I think we can become a dominant player in this space over the next few years.