Tag Archives: residential home loan programs

Mid America Mortgage Hires Gary D. McKiddy as Chief Risk Officer

ADDISON, Texas /ScoopCloud/ -- Mid America Mortgage, Inc. (Mid America) announced today that Gary D. McKiddy has rejoined the organization in the role of Chief Risk Officer (CRO). McKiddy will leverage his nearly 40 years of experience in corporate financial management across multiple verticals, including mortgage banking, to help Mid America Mortgage manage risk and improve operations amidst the ongoing expansion of its product line.

"Our proprietary Rosebud Down Payment Assistance program and Power Buyer program, which enables homebuyers to purchase their new home before selling their existing home, have been tremendous drivers of growth for Mid America over the last year to 18 months. As such, we plan to continue adding these kinds of complex and creative products to address the challenges of today's home buying market," said Mid America Owner and CEO Jeff Bode. "Given his experience with our organization and wealth of industry knowledge, Gary McKiddy is the perfect addition to our executive team to help us mitigate risk as we expand our product lines. On behalf of the entire Mid America Mortgage team, I'd like to welcome him back into the fold and look forward to his contributions to our strategic plan for 2022 and beyond."

For the last 19 years, McKiddy has served as CFO at NTFN, Inc., where he was responsible for managing finance, accounting, compliance, servicing, quality control, human resources and IT departments. There, he negotiated and maintained $200 million warehouse line commitments with multiple financial institutions, reduced financial closing timelines by 50% and converted $10 million non-performing assets into cash.

Prior to McKiddy's tenure at NTFN, Inc., he held various financial roles at Ascent Energy, Inc., the pre-2003 iteration of Mid America Mortgage, Atlantic Richfield Co. and Arco Corporate. He is a certified public accountant (CPA) and has a Master of Business Administration from Oklahoma City University.

"While my title has been in the financial arena for many years and my responsibilities have not necessarily been traditional in nature, I have been charged with overseeing compliance, quality control and other mortgage operational areas throughout my career, which has well-positioned me for this wonderful opportunity to serve as Mid America's first Chief Risk Officer," McKiddy said. "I look forward to adding value to this already stellar organization from a risk and business management perspective and further enabling the company to continue serving homebuyers nationwide with innovative and competitive products and service."

About Mid America Mortgage, Inc.

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/#cnc.

Frequently named a top mortgage employer/workplace by industry trade magazines such as Mortgage Professional America, MReport, National Mortgage News and National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

Mid America Mortgage, Inc. (Mid America) announced today that Gary D. McKiddy has rejoined the organization in the role of Chief Risk Officer (CRO). McKiddy will leverage his nearly 40 years of experience in corporate financial management across multiple verticals, including mortgage banking, to help Mid America Mortgage manage risk and improve operations amidst the ongoing expansion of its product line.

Related link: https://www.midamericamortgage.com/

Mid America Mortgage Adds Pete Jackson as Divisional Director for Wholesale/Non-Delegated Correspondent Channel, Tim Frohock as Regional Director

ADDISON, Texas /ScoopCloud/ -- Mid America Mortgage, Inc. (Mid America) announced today that Pete Jackson has joined the company as a divisional director and Tim Frohock as a regional director. With more than 30 years of wholesale and correspondent lending experience, Jackson and Frohock will play a critical role in the continued growth and success of Mid America's wholesale/non-delegated correspondent lending channel.

"Pete and Tim's unique backgrounds and expertise in agency and government lending have been an ideal cultural fit for Mid America, as we continue to cater uniquely to the home financing needs of everyday Americans including veterans, FHA borrowers and those in rural America," said Mid America's Executive Director of TPO Lending Adam Rieke. "By combining these specialized government lending products with our One Time Close product, MAM is ideally positioned to attack the national housing shortage and continue to provide affordable financing options even in the new construction space."

Rieke, Jackson and Frohock have a long history of working together. All three started their mortgage banking careers together at Carl I. Brown and Company/First Tennessee Bank and remained there for 10 years, becoming regional vice presidents managing Operations and Sales. Later, when Jackson was managing a divisional office for Bank of America, Frohock recruited him to join SunTrust Bank as a regional wholesale vice president and help build a fulfillment center in Overland Park, Kansas. After successfully managing Production and Operations centers for SunTrust Bank for many years, Jackson and Frohock continued to work in the Wholesale/Non-Delegated space, as did Rieke, but all three worked for competing organizations. Most recently, Jackson recruited Frohock to join him and Rieke at Mid America Mortgage and build a Western Regional office in Phoenix.

"As a pioneer and innovator in the digital mortgage space, Mid America continues to provide secure and convenient remote digital closing options, which have become critical over the past year for closing continuity amid the COVID lockdown," said Mid America Owner and CEO Jeff Bode. "Our continued commitment to technology coupled with our industry-leading turn times make Mid America an ideal landing spot for tech-savvy, growth-minded account executives, a fact bolstered by the top workplace honors we've received from numerous industry trade magazines."

Mid America is actively seeking account executives in every market across the United States. To learn more about opportunities in Mid America's wholesale division, contact Pete Jackson at: pete.jackson@midamericamortgage.com

About Mid America Mortgage, Inc.

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/#cnc.

Frequently named a top mortgage employer/workplace by industry trade magazines such as Mortgage Professional America, MReport, National Mortgage News and National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

Twitter: @midamericamtge

Mid America Mortgage, Inc. (Mid America) announced today that Pete Jackson has joined the company as a divisional director and Tim Frohock as a regional director. With more than 30 years of wholesale and correspondent lending experience, Jackson and Frohock will play a critical role in the continued growth and success of Mid America's wholesale/non-delegated correspondent lending channel.

Related link: https://www.midamericamortgage.com/

Mid America Mortgage Promotes Jemma Pachiano to Chief Operating Officer

ADDISON, Texas /ScoopCloud/ -- Mid America Mortgage, Inc. (Mid America) announced today it has promoted former National Support and Training Director Jemma Pachiano to Chief Operating Officer (COO).

"Jemma Pachiano's vast experience in the mortgage industry and keen ability to tackle even the most complex challenges have made a measurable impact on Mid America since 2011, which makes her an excellent fit for this role," said Mid America Owner and CEO Jeff Bode. "As COO, Jemma's solutions-based approach and know-how in regards to implementing more efficient processes, products and systems will be instrumental in propelling Mid America's growth and success through 2021 and beyond."

Serving as a National Support and Training Director for nearly a decade, Pachiano helped Mid America Mortgage maintain a culture of consistent and open communication by liaising with its executive team, operations team and branches. In addition, she spearheaded systems training on new vendor products, LOS upgrades and company-wide initiatives related to process, policy and product changes. Pachiano has increased efficiencies at the branch level by mentoring teams to improve file quality while keeping branch managers updated on their progress, areas of opportunity and training.

Pachiano has actively served as a licensed LO for more than 18 years, with experience in both retail and wholesale positions across Maine, North Carolina and Texas. Prior to Mid America Mortgage, she was employed at Alliance Financial Resources as a senior loan originator and worked as a loan officer at Chase Bank. She also served as a senior loan officer at TowneBank.

"Having experienced Mid America's steady trajectory of growth for the last nine years, my new role as COO inspires me to lead the company in consistently delivering best-in-class products and an exceptional lending experience to our clients," said Pachiano. "My mantra for 2021 is to remain detail-oriented, intentional and to lead with kindness, especially as the industry continues to face on-going changes and uncertainty. I am honored to enter into this new role and my passion for the mortgage business fuels me to drive operational success at Mid America for years to come."

About Mid America Mortgage, Inc.

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/#cnc.

Frequently named a top mortgage employer/workplace by industry trade magazines such as Mortgage Professional America, MReport, National Mortgage News and National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.

Twitter: @midamericamtge

Mid America Mortgage, Inc. (Mid America) announced today it has promoted former National Support and Training Director Jemma Pachiano to Chief Operating Officer (COO).

Related link: https://www.midamericamortgage.com/