The Loan Store, a leading wholesale mortgage lender, has tapped industry veteran Jason Lee to be its new president.
With a career spanning more than two decades in the mortgage and banking industries, Lee is expected to bring expertise in capital markets, leadership, and strategic growth.
Based in Arizona, The Loan Store became a refuge for laid-off employees of the former third-largest U.S. mortgage lender, Home Point Capital Inc., doing business as Homepoint, after buying its wholesale origination business.
The Loan Store ended 2023 as the nation's fourth top wholesaler, and year-to-date ranks as the sixth top wholesaler nationwide.
Lee most recently served as the executive vice president and head of capital markets at Flagstar Bank, where he managed the company’s secondary marketing, interest rate risk, and loan trading activities.
In July 2024, Flagstar Bank's mortgage servicing rights (MSRs) and third-party origination (TPO) platform mortgage servicing business were acquired by Mr. Cooper for $1.4 billion.
“Jason’s track record of success, combined with his deep understanding of the mortgage landscape, positions him as the ideal leader to take The Loan Store to new heights,” said Phil Shoemaker, CEO of The Loan Store. “His vision and expertise will undoubtedly drive innovation, strengthen relationships with our partners, and solidify our standing as a trusted leader in the wholesale lending market.”
As president, Lee will oversee The Loan Store’s strategic direction, operations, and growth initiatives. He will also focus on expanding the company’s product offerings and enhancing the partner experience.
“I am honored to join The Loan Store at such an exciting time,” said Lee. “The company’s commitment to exceptional service and innovative lending solutions aligns perfectly with my passion for driving meaningful growth in the mortgage space. I look forward to working alongside this talented team to build on The Loan Store’s impressive legacy.”
