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As the non-agency/non-QM market continues to head up, Deephaven brings Lemon onboard to assume a top leadership role within the organization. In his new role, Lemon will be tasked with expanding Deephaven’s broker network as demand for its non-agency/non-QM products increases.
Lemon brings more than 25 years of success to his new position, including 10 years as executive vice president, Wholesale Division at non-agency lender New Century Mortgage and five more as a director at Avelo, where he was responsible for client acquisition, sales, and support for its prime jumbo conduit.
He also served as president of The Lemon Six, Inc., specializing in private money real estate investing and consulting.
“Steve Lemon’s knowledge, experience, and broker relationships in the non-agency space are second to none. He understands the rapidly evolving borrower landscape, and the products wholesalers need to compete within it,” said John Keratsis, president and CEO, Deephaven.
“This is the moment for Deephaven and its partners to soar,” said Lemon. “The conforming market just hasn’t kept up with the needs of a new class of entrepreneurial borrowers the way Deephaven has.”