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Mid America Mortgage Inc. announced that Gary D. McKiddy has been promoted from chief risk officer to chief financial officer. In this new role, McKiddy will manage financial operations and strategy as the company continues to refine its operations and drive business growth through recent product line additions, such as its correspondent down payment assistance (DPA) program.
“With the current economic factors at play, including inflation and rising interest rates, having a seasoned industry veteran like Gary managing our financial well-being helps ensure Mid America can continue assisting borrowers in addressing the challenges of today’s home buying market,” said Mid America owner and CEO Jeff Bode. “Gary’s industry experience and previous history with Mid America have enabled him to seamlessly integrate into our organization, and we welcome his financial stewardship and expertise as we chart our course for the future.”
McKiddy possesses nearly 40 years of experience in corporate financial management across multiple verticals. Before joining the Texas-based Mid America, McKiddy was the CFO at NTFN, Inc, where he was responsible for managing finance, accounting, compliance, servicing, quality control, human resources and IT departments. Over his 19-year tenure at NTFN, he negotiated and maintained $200 million warehouse line commitments with multiple financial institutions, reduced financial closing timelines by 50% and converted $10 million in non-performing assets into cash.
McKiddy has held various financial roles at Ascent Energy, Inc., the pre-2003 iteration of Mid America Mortgage, Atlantic Richfield Co. and Arco Corporate. He is a certified public accountant and has a Master of Business Administration from Oklahoma City University.