Banking veteran Ed Wallace to lead new company
Chuck McDowell continues to diversify his business with the formation of Wesley Mortgage, LLC.
Ed Wallace, with 43 years of experience in the mortgage banking industry, will be president of Wesley Mortgage, LLC.
FRANKLIN, TN, September 1, 2021 (GLOBE NEWSWIRE) – Nashville entrepreneur Chuck McDowell continues to diversify his business holdings by launching Wesley Ipoteka, OOO… Ed Wallace, who has 43 years of experience in mortgage banking, will become president of the new venture.
Company joins Wesley Financial Group, LLC (WFG), Wesley Credit Repair, LLC, and recently launched Wesley Insurance, OOO as part of McDowell’s portfolio. Wesley Mortgage will focus on making the most of technology to create a sustainable approach to mortgage lending.
“We’ve built a brand under the Wesley umbrella that is synonymous with helping consumers, and Wesley Mortgage is a natural extension,” McDowell said. “All of our companies are built on effective processes that help consumers achieve their ultimate goal of financial and personal safety.”
Wesley Mortgage will be launched through direct consumer organizations offering conventional credit products without QM and Jumbo and is expected to achieve II VA and FHA titles in the near future. The company is originally licensed in Tennessee and is currently filing licenses in Kentucky, Alabama, Georgia, Florida, South Carolina, North Carolina, Virginia and Texas, with plans to be present in all 50 states for 18-24 months.
“One of the biggest frustrations consumers have when getting a mortgage to buy or refinance a home is that the process can be so difficult,” Wallace said. “We saw the need to simplify the mortgage lending process, as well as speed up the provision of feedback and approvals. To this end, we have changed the traditional process so that underwriting is at the head of the process, not on its side. “
The company will use customizable technologies to collect data on employment, deposits and other checks required in the mortgage approval process, which will reduce application processing times compared to traditional lenders.
“In addition, our clients will have one point of contact that will accompany them at every stage, instead of the usual transfers from the sender to the processor, the insurer and closer. This allows for better communication for all participants … white glove, ”he added.
Wesley Mortgage will leverage the power of the Wesley brand and Wesley Group’s marketing expertise to raise consumer awareness. “We have a team with proven track record in attracting qualified potential clients. They will help us get to market and get to market much faster than a single company, ”Wallace said.
Wallace has been joined by other seasoned mortgage lenders on the management team, including:
Dustin Wells, Chief Operating Officer
Valori Kacherian, CRCM, Chief Compliance Officer
Jinnann West, Chief Financial Officer
Michelle Jones, Controller
Stephanie McInturff, Senior Vice President – Operations Manager
Ryan Zonana, Vice President of Aftermarket and Investor Reporting
“Ed and his team have over 150 years of experience,” McDowell said. “We have spent over a year assembling this group and implementing technology to grow rapidly and become a national player in the mortgage market.”
Wesley Mortgage is proud to announce that it will become the exclusive mortgage partner of the Tennessee Titans. This partnership will enable the company to interact and provide support to the community in which it is founded.
More information on the company based in Franklin, Tennessee can be found at www.WesleyMortgage.com…
CONTACT: Mike Alday WESLEY FINANCIAL GROUP 615-791-1535 ext. 122 firstname.lastname@example.org