Lower, LLC, a digital multichannel lender, has hired Craig Montgomery, previously the chief production officer at CrossCountry Mortgage (CCM), as its chief strategy officer.
A 27-year industry veteran, Montgomery formerly worked at CrossCountry Mortgage as its chief production officer, a role in which he took part in driving organizational growth from under $2 billion to over $50 billion in annual production over a 10-year span.
"Craig is a builder, and a strategic one at that," said Lower CEO and Co-Founder, Dan Snyder. "When we talked about our vision for Lower, our aim to be top five, and how we plan to build the future of mortgage with an online and offline approach, his eyes lit up. Getting someone with his experience and proven track record is a big win for the company."
In his new role at Lower, Montgomery will oversee retail strategy and expand the company's tech-driven platform, which provides origination teams the resources they need to achieve their goals.
"Lower offers an exceptional team driven by entrepreneurial spirit, supported by strong institutional backing from Accel, Veritex, and SoFi. Couple that with a strong balance sheet and appetite to win, and I couldn't be more excited to get to work," said Montgomery. "Every experience in my career has prepared me for this opportunity, and I'm excited for what this chapter will bring. My time at CrossCountry Mortgage showed me what's possible."
Montgomery shared this enthusiasm in a call with NMP, saying "I'm excited at the opportunity and so appreciative of the support and trust that the executive team at Lower has provided me. I can only express how excited [I am] and looking forward to the future."
