Click n’ Close, a Texas-based mortgage lender operating in multiple states, announced Monday that Kim Schenck has joined the company as a Correspondent Manager within its Correspondent Lending Sales division.
In this role, Ms. Schenck will be tasked with expanding the company’s proprietary down payment assistance (DPA) program—a core element of the lender’s strategy to support homeownership affordability amid persistently high housing costs and elevated mortgage rates.
“Kim’s extensive experience and proven ability to drive results make her an ideal addition to our team,” said Jeff Bode, the company’s CEO. “Her focus on our DPA program will help us continue delivering innovative, affordable solutions to our partners and borrowers.”
Ms. Schenck brings more than three decades of experience in mortgage banking, including leadership roles at firms such as Essex Mortgage, Freedom Mortgage, Bank of America, Greenwich Capital Financial and Sandia Mortgage Corporation. Her background includes correspondent lending, loan acquisition, and secondary market operations.
“I’ve had the pleasure of working with Jeff in previous roles and have always admired his sharp insight and shared commitment to empowering both lenders and homebuyers,” said Schenck. “I’m honored to join such a forward-thinking organization and proud to be part of a winning team.”
Strategic Reassignment for Veteran Executive
As part of the restructuring, Michael Lima, Managing Director of Correspondent Lending, will transition back to a role focused on Click n’ Close’s whole loan trading division — a division he was initially hired to lead. Lima first joined Mid America Mortgage, in the wake of the 2016 implementation of the TILA-RESPA Integrated Disclosure (TRID) rule.
At the time, widespread compliance challenges led many lenders to offload loans at a discount on the secondary market. Mid America positioned itself to purchase, rehabilitate, and resell such loans, a strategy designed to address short-term liquidity issues while capitalizing on long-term market inefficiencies. Mr. Lima was hired specifically to lead that initiative, drawing on his experience in capital markets and risk analysis.
Now, amid a broader slowdown in originations and industry consolidation, Click n’ Close is doubling down on its whole loan trading business. The company, which reports continued profitability despite post-pandemic volatility, sees its financial resilience as a key differentiator in an environment where many mortgage lenders are posting quarterly losses.
“Click n’ Close has always leaned into market disruptions as an opportunity to lead with innovation and stability,” said Mr. Lima. “My returned focus to the whole loan trading space will help strengthen the liquidity and reliability our lending partners count on. Our capital markets strategy has always been about fixing what others overlook—and doing it profitably, sustainably and at scale.”
