The Money Store Hires New Chief Production Officer

Aug 31, 2023

Senior Editor

John Palmiotto has 28 years of experience in the mortgage industry.

The Money Store welcomes John Palmiotto, a seasoned industry leader, to the company's C-suite as the chief production officer.

Palmiotto joins The Money Store with a career spanning 28 years. His most recent role as the chief of retail production at Guaranteed Rate showcased his ability to manage and inspire a salesforce of over 2,000 sales professionals for nearly six-and-a-half years. Before this, he made an impact during his 11-year tenure as midstates divisional president at Prospect Mortgage.

"I'm excited to be part of The Money Store and to help build upon the success of this storied franchise. I believe many loan officers are looking for a different experience to succeed in this market, and the Money Store provides a great alternative for them," Palmiotto said.

The Money Store is a direct mortgage lender located in Florham Park, N.J., licensed in 47 states. The company offers a wide range of mortgage programs.

The Money Store

About the author

Keith Griffin

Senior Editor

Keith Griffin is a senior editor at NMP.

Link copied

Published

Aug 31, 2023

Analysis and Data

Agent Fees Back Up To ‘Normal’

Despite legal shakeups, agent commissions rebound to pre-settlement levels — now averaging 5.44% nationwide

Real estate sales commissions are in flux. Sales fees were expected to decline in the aftermath of the class-action suit settlement between the disgruntled home buyers and the National Association of Realtors (NAR). And they did. But now, it seems, the rates agents cha...

People On The Move

Linda Vo Joins Guaranteed Rate Affinity As Regional Manager For North Texas

With two decades of experience, Vo aims to scale operations and empower originators across North Texas

Guaranteed Rate Affinity has named Linda Vo as its new Regional Manager for North Texas, marking a strategic move to strengthen the company’s presence in one of its fastest-growing markets. With more than 20 years of experience across multiple facets of the mortgage indus...