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In Michigan, ""United Shore Financial Services"":http://www.unitedshore.com/ (USFS) announced the appointment of Mat Ishbia to CEO.
[IMAGE]Ishbia currently serves as president of USFS and its wholesale operation, United Wholesale Mortgage (UWM), which has become the fourth largest wholesale mortgage lender in the United States under his leadership. It has also [COLUMN_BREAK]
grown exponentially from only 5 percent of total company production to more than 90 percent.
""USFS is pleased to announce Mat as our new CEO; he has demonstrated his leadership by far surpassing industry benchmarks and setting unprecedented growth rates. His business acumen, proven leadership skills and sterling reputation are unrivaled,"" said David Hall, president of USFS' retail arm, Shore Mortgage.
Kip Kirkpatrick, USFS' present CEO, will make a planned transition from running day-to-day operations to holding a seat on the company's advisory board.
""We have put in place strategic plans and the necessary infrastructure to expand at a healthy, controlled rate due to our recent tremendous success,"" said Mat Ishbia, current president of USFS and UWM. ""I look forward to assuming the role of CEO at United Shore Financial Services and continuing to grow the company's wholesale and retail residential lending channels.""
