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

C-Suite Strategies

BOXABL Looks to Add Mortgage Lending to Its Homebuilding Business

The modular home manufacturer is pursuing a joint venture with OneTrust parent Warp Speed Holdings, targeting a 2027 launch

Modular home manufacturer BOXABL is looking to expand into mortgage lending through a proposed joint venture with Warp Speed Holdings, the parent company of OneTrust Home Loans, potentially opening a new origination channel in the growing factory-built housing market.The com...

Analysis and Data

Existing-Home Sales Hit 16-Year Low, More Declines May Be Ahead

October sales plunged 5.5% as high mortgage rates sidelined buyers, with economists warning the slowdown could extend into November and December closings

The housing market's fall slump is showing up in closed loans, and there may be more pain ahead for mortgage originators.Existing-home sales plunged 5.5% in October to a seasonally adjusted annual rate of 3.75 million, the weakest pace since August 2010, according to figures...