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The Money Store announced that Jeff Carter will join the company as chief operating officer. Carter has spent more than 22 years in the mortgage industry, with 17 years in leadership positions, running regional and national operations centers.
Carter's background working for Caliber, Bank of America, Security Mortgage, Washington Mutual, LoanDepot and NEO Home Loans will help The Money Store with strategic growth and expansion.
As the new COO, Carter will be responsible for the disclosure desk, opening, processing, underwriting and closing. He will work with the existing management team and personnel in each of these areas to improve productivity, data integrity, customer experience and overall execution.
"I'm excited to join an organization celebrating its 50th year in business. I'm surrounded by seasoned mortgage professionals who have navigated the difficult times in this industry and have always found a way to survive and thrive during challenging times. The Money Store has made strategic moves over the years to be positioned well for the future, and I look forward to adding my contribution to the continued success of this company."
When Carter assumes his new role of chief operating officer, current COO Peter Alvarez will become The Money Store's chief lending officer. The Money Store is a direct mortgage lender located in Florham Park, N.J., and is licensed in 47 states.