NetMore America, Inc., Walla Walla, Wash., an expanding next generation mortgage banker, has hired Michele Sophiea Newsham as the company’s new executive vice president of operations.
Newsham brings over 20 years of national operation management experience within the mortgage industry with a strong focus on process design, efficiency modeling and team building to the job, the company said. She is expected to play a critical role in the company’s risk management efforts and will be based at NetMore’s operations center in Clackamas, Oregon.
“Michele’s successful background in operational management, leadership in building partnerships across company lines while balancing production needs and back office compliance is an exceptional fit for NetMore’s immediate and long-term goals,” said Mark Freedle, president and CEO of NetMore. "Having just closed over $126 million in loans in January 2009, a 33% increase over December 2008, and with our objective of being a nationwide lender by 2010, NetMore is focused on continuing to enhance our operational efficiency to achieve higher productivity and mitigate risk throughout the lending value chain.”
Newsham is responsible for national operations for wholesale lending and NetMore’s professional branch system. She joins the company from Senior Lending Network, where she served as vice president of national operations managing the wholesale and retail operations for reverse mortgage originations. Previously, she was senior vice president of national wholesale operations for American Brokers Conduit, Long Island, NY.
"I am delighted to be joining NetMore during this exciting period to help further prepare the company for its nationwide expansion and next stage of growth," Newsham said.