Commerce Home Mortgage’s Wholesale Division Has a New Name: Change Wholesale
Retrieved on:
Tuesday, April 20, 2021
b'The Change Company, America\xe2\x80\x99s Community Development Financial Institution (CDFI), and its mortgage banking subsidiary Change Home Mortgage (the \xe2\x80\x9cCompany\xe2\x80\x9d) announced today the rebranding of the Company\xe2\x80\x99s wholesale division to Change Wholesale.\nTed Ray, President of Change Home Mortgage, said, \xe2\x80\x9cThis rebranding represents an important milestone as we focus our resources on scaling Change Wholesale.
Key Points:
- b'The Change Company, America\xe2\x80\x99s Community Development Financial Institution (CDFI), and its mortgage banking subsidiary Change Home Mortgage (the \xe2\x80\x9cCompany\xe2\x80\x9d) announced today the rebranding of the Company\xe2\x80\x99s wholesale division to Change Wholesale.\nTed Ray, President of Change Home Mortgage, said, \xe2\x80\x9cThis rebranding represents an important milestone as we focus our resources on scaling Change Wholesale.
- Our wholesale partners are able to benefit from Change Wholesale\xe2\x80\x99s proprietary loan programs \xe2\x80\x93 including our Community Mortgage \xe2\x80\x93 and technology to finance prime borrowers their competitors can\xe2\x80\x99t.
- Change Wholesale will continue to be operated by its existing management team.\nDenis Kelly, the Company\xe2\x80\x99s Chief Wholesale Officer, added, \xe2\x80\x9cIt\xe2\x80\x99s time to change the wholesale mortgage business to work better for the brokers, the loan officers, and the borrowers they serve.
- Change Wholesale has successfully emerged as the dominant originator of residential mortgage loans to prime borrowers who are not well served by banks and traditional lenders.