AmeriTrust Mortgage hires Shea Pallante as chief revenue officer

"AmeriTrust, which positions itself as a one-stop shop offering agency and government loan products, has leaned heavily into non-QM lending an area where Pallante brings deep expertise. The company aims to build national brand recognition and become a meaningful player in the non-QM space, with an emphasis on customer service. The strategy is going after the top salespeople in the industry and then ultimately building partnerships with all the different lenders and brokers out there, Palante said in an interview with HousingWire."

"AmeriTrust currently operates a wholesale channel and a business-purpose broker channel. It is set to launch a nondelegated correspondent channel in the coming week, allowing the company to purchase loans from non-QM lenders, Pallante said. Pallante added that growth will primarily come by taking market share from competitors and, if market conditions improve, from an overall rebound in mortgage activity."

"AmeriTrust is currently originating about $175 million per month and is targeting $500 million in monthly volume, according to Pallante. I've built some of the largest non-QM companies in the space I've done it in the past by focusing on the customer, Pallante said. When we work with a broker, I don't look at it as a transaction. I do look at it as a partnership. That focus will help us take market share from our competitors."

AmeriTrust positions itself as a one-stop shop for agency and government loan products and has moved heavily into non-QM lending, leveraging deep non-QM expertise. The company aims to build national brand recognition and become a meaningful non-QM market player while emphasizing customer service. The strategy centers on recruiting top salespeople and forming partnerships with lenders and brokers, supported by operations and credit teams. AmeriTrust operates wholesale and business-purpose broker channels and will add a nondelegated correspondent channel to purchase loans from non-QM lenders. Originations run about $175 million per month with a $500 million monthly target. Competition in the non-QM market remains intense amid compressed margins and lower volume.

Read at www.housingwire.com