First Guaranty Mortgage Corp. (“FGMC”), McLean, Vir., has promoted Jeffrey Gibson to the position of AVP, Correspondent Division Manager. FGMC is a national, full-service mortgage lending firm offering retail and wholesale mortgage solutions to clients of varying income and credit types.
Gibson will be charged with overseeing and growing the division responsible for FGMC’s Correspondent’s Edge product line. The niche-focused loan suite includes manufactured housing loans and rehabilitation loans such as the 203k or Fannie Mae HomePath loan.
Gibson has 12 years of mortgage lending experience, and has been with FGMC for four years, primarily as Product Development and Training manager. He has also held a role in DE (Direct Endorsement) underwriting. Before coming to FGMC, Gibson was with Aurora Loan Services, where he spent five years in underwriting. Previously, he served with Wells Fargo. He began his career with First Nationwide Mortgage Corporation.
“Jeffrey is a natural choice to spearhead the growth of our Correspondent’s Edge line,” said FGMC Chief Executive Officer Andrew Peters. “He understands his clients; their borrowers and, most of all, the importance of prudent, common sense underwriting as a means for serving an otherwise underserved market. His customers will appreciate his strengths, and come to view him as a solid resource.”