Skip to main content

Non-QM Lender Deephaven Hires Business Development VP

Nov 30, 2021

Dallas-based Tim Fisher charged with growing Deephaven’s correspondent business In Texas and surrounding states

Non-QM lender Deephaven Mortgage said today that it has hired Timothy (Tim) Fisher as its vice president, business development. Based in Dallas, Fisher is charged with growing Deephaven’s correspondent book of business in Texas and surrounding states.

Fisher brings more than 20 years of leadership and management experience in mortgage banking to his new role, including at SG Capital Partners, where he helped develop a series of non-QM products. Most recently, he served as vice president-national accounts for Arch Mortgage Insurance Co., where he headed a team covering the nation’s top 75 originators.

“At a time when correspondents are seeking to increase their non-agency market share, I am excited to introduce them to Deephaven’s flexible and competitive offerings,” Fisher said. “Deephaven leaders are highly respected within the non-agency industry for their innovation, their value-based channel partnerships, and their responsible credit strategies.”

Deephaven President and CEO John Keratsis said his company is thrilled “that Tim has joined us as correspondents seek out ways to penetrate the non-agency market. These correspondents know him well and trust his growth-oriented insights.”

A former president of the Texas Mortgage Bankers Association, Fisher is a board member of Promise House, a nonprofit shelter focusing on youth homelessness. He holds a bachelor’s degree from Baylor University.

Deephaven is a full-service, multi-channel, long-term credit provider in the non-QM market, providing access to financing for millions of underserved customers throughout the U.S. Founded in 2012, Deephaven led the rebuilding of the non-government mortgage market.

About the author
David Krechevsky was an editor at NMP.
Published
Nov 30, 2021
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024
Guild Mortgage Reports Net Loss In 2023 Amid Acquisition Spree

San Diego-based lender reports net loss for 2023 despite aggressive growth strategy.

Mar 13, 2024
UWM to Cover Upfront Costs of Credit Pulls for Broker Partners

UWM's move comes amid rising credit report charges, providing relief to LOs.

Mar 13, 2024
loanDepot's Losses Mount, Despite Optimisim

Net losses for the fourth quarter totaled $59.8 million – a 43% jump from the third quarter “primarily due to revenues decreasing more than the decrease in expenses.”

Mar 13, 2024
HUD Secretary Steps Down

HUD Secretary Marcia Fudge to depart the Biden administration by the end of the month.

Mar 11, 2024