Out of Pennsylvania, GMH Mortgage Services [1] announced the opening of its wholesale lending division.
Featuring a wide array of products and a state-of-the-art technology platform, GMH Wholesale [2] is intended to provide brokers with a streamlined process that can be accessed via a Web portal that also offers access to daily pricing and loan document submission.
Joseph Macchione, president and CEO at GMH, said the wholesale platform’s launch provides the company “an opportunity ... to highlight to the underserved broker community the same five-star service and product suite that our retail division has experienced.”
“We plan to strategically grow the wholesale channel with the same values, commitment and dedication to customer service as our other platforms,” Macchione added.
The company also announced the appointment of Penny Smith to SVP of wholesale lending. Smith formerly served as SVP of operations.
“Illustration of the talented team at GMH is the fact that we literally had to look no further than our own hallway in Conshohocken to find the most qualified and experienced leader to build the platform for us,” Macchione said. “Penny’s passion for providing a best-in-class experience for each broker and her deep industry knowledge, relationships and experience are already proving invaluable.”