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Mortgage Company Appoints Industry Veteran




Ray Brousseau

River City Mortgage, a mortgage lender headquartered in Cincinnati, Ohio, announced its plans to expand its operations into eight new states—Oregon; Massachusetts; Vermont; Rhode Island; Connecticut; Delaware; Maine; and New Hampshire. The company also announced that Ray Brousseau, who served as President of Carrington Mortgage Services for the past eight years and as a senior executive with Citigroup for 25 years prior to that, has joined the firm as a Partner, and will serve as EVP, Strategy and Expansion.

In this new role, Brousseau will lead River City’s growth efforts across the country and oversee the launch of the company’s new Massachusetts facility.

“We’re excited about expanding coast to coast from Oregon to Maine,” said Nick Hunter, Managing Partner, COO. “Our success is due to making people our #1 priority. When this becomes more than just words – when it becomes a practice – good things happen. Relationships are built. Ray Brousseau understands this commitment and we’re all ecstatic to have him as part of our team. He will without a doubt teach us, mentor us, and more importantly, help increase our reach to help even more Americans with their refinancing or purchase goals in 2020.”



NewDay USA announced it is recruiting 150 interns for its paid winter internship program, now entering its fourth year. The one-week winter break internship was designed for college seniors looking to gain experience in the workplace. Upon graduation, participants have a chance to gain possible full-time career opportunities at NewDay USA.

Since its launch in 2017, over 300 college seniors have gone through the program and more than half have been offered jobs at NewDay USA. The internship program includes a “Money Smart” series that teaches interns personal finance skills, including how to save up to buy a house. The average NewDay employee becomes a homeowner within three years with the company.

“I came here seven years ago right out of college, and NewDay has given me the opportunity to work my way up in leadership and obtain my Executive MBA at Wharton,” said Michael “MO” Oursler, Chief Credit Officer and instructor in the program. “It’s the perfect opportunity for college seniors.”

The program also features prominent leaders as guest speakers, who teach interns the values of leadership, teamwork and the philosophy of what it takes to win in business and in life. Past speakers have included Baltimore Ravens head coach Jim Harbaugh, famed Baltimore Orioles shortstop Cal Ripken, Maryland Gov. Larry Hogan and Dr. Rajshree Agarwal, director of the Ed Snider Center for Enterprise and Markets at the University of Maryland.



Steve Kay

loanDepot announced the addition of mortgage industry veteran Steve Kay to its retail lending channel production leadership team.

“loanDepot is positioned for unprecedented growth in 2020, thanks to the vision and direction of Anthony Hsieh. I am excited to welcome this seasoned professional and respected leader in his field to augment our world-class Retail team,” said Brigitte Ataya, VP, Retail Sales Strategy for loanDepot.

As VP, Strategic Alliances, Kay will lead the charge in cultivating partnerships and programs aimed at enhancing the homebuying experience for consumers. He has extensive experience in the alliance space having held similar roles at Summit Funding, Bank of America, and Countrywide Home Loans.

About Author: Seth Welborn

Seth Welborn is a Harding University graduate with a degree in English and a minor in writing. He is a contributing writer for MReport. An East Texas Native, he has studied abroad in Athens, Greece and works part-time as a photographer.

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