Summit Funding Hires Three Former Movement Mortgage Leaders

Summit Funding Inc., a privately held nationwide mortgage banker and servicer based in California, expanded its East Coast presence by hiring three veteran lenders from Movement Mortgage. As divisional leaders based in North Carolina, Deran Pennington, Chris Shelton, and Matt Schoolfield bring more than half a century of experience recruiting and building mortgage sales teams.

The appointments expand Summit Funding’s presence in the Southeast, which remains one of the housing market’s lone bright spots. According to the Q2 2023 VeroFORECAST from Veros Real Estate Solutions, North Carolina's Greensboro-High Point and Fayetteville markets were among the top 10 performing housing markets nationwide. The Charlotte and Raleigh markets remain strong as well.

As one of the founding team members at Movement, Pennington spent 15 years with the company building and running sales teams as national sales director. Shelton spent the past 11 years as a divisional leader at Movement Mortgage, where he specialized in coaching, mentoring and training loan originators. He has nearly 20 years of mortgage experience. Schoolfield has 24 years of mortgage industry experience and served eight years as southeast regional director at Movement Mortgage before being promoted to divisional leader.

Summit Funding, Inc. is a direct Fannie, Freddie, and Ginnie Mae seller and servicer that offers a wide range of products, from conventional to government loans, as well as specialty products such as jumbo and non-QM offerings. The company is known for its commitment to the professional development of loan originators. Its Next Level Coaching program offers one-on-one coaching, peer coaching, and accountability tools designed to fuel the success of every loan officer.

“Not only do Deran, Matt, and Chris each have many years of experience building top-performing sales teams, they each embody our ‘yes, you can’ mindset and our commitment to helping everyone around us reach their personal and professional goals,” Todd Scrima, Summit Funding, Inc. founder and CEO said. “They know exactly what it takes to build an industry-leading mortgage company, which is exactly what we’re doing.”