Arc Home, a New Jersey-based mortgage lender and servicer specializing in Non-QM and non-agency loans, has named Lee Malone vice president of HELOC (home equity line of credit) for its fully digitized HomeEQ broker solution.
In his new role, Maline will oversee the growth of HomeEQ, leading efforts around education, strategy, and partnerships to help loan originators maximize its value, according to Arc Home. He brings more than two decades of experience scaling HELOC programs, including building a program from launch to nearly $1 billion in annual funded volume.
“With 20+ years of home equity lending experience, Lee has built and scaled HELOC solutions that help originators thrive — and now he’s here to help take HomeEQ to the next level,” Arc Home said in a LinkedIn post. “His focus? Partnering with brokers to make HomeEQ the go-to solution for clients who want fast, simple access to their equity without refinancing.”
Malone joins Arc Home after serving as director of business development for new financial products at Chicago-headquartered residential mortgage lender Rate. He was also vice president of strategy and growth at Corporate Settlement Solutions, a title, valuation, and closing solutions for regional home equity and first mortgage lenders, as well as a regional sales manager for PNC Bank and an account executive at Wells Fargo.
“In today’s market, brokers need to offer smart, simple, and fast solutions for homeowners who are not looking to refinance but want to access their equity,” Malone stated in a release. “HomeEQ checks all those boxes with a streamlined process and funding in days. I look forward to working closely with our partners to help them grow their businesses, meet client demand, and make HomeEQ a core part of their offering.”
Arc Home CEO Brian Devlin pointed to Malone’s ability “to connect strategy with execution, and deep understanding of what clients need in today’s market.” Devlin expressed confidence Malone “will help HomeEQ become a leading solution for brokers and a powerful longer-term growth engine.”
