CMG Financial recently
announced the addition of Shamrock Home Loans, expanding its presence across
the Northeast. The well-capitalized and privately held mortgage banking firm,
based in San Ramon, Calif., revealed the integration of Shamrock Home Loans’
origination team, according to a company press release. The sales and support
professionals will be branded as Shamrock, Powered by CMG Home Loans.
The new team will be led by
Shamrock’s chief growth officer, Kurt Noyce, and president, Rod Correia, while
remaining in their current locations. The expansion is intended to strengthen
CMG’s presence in New England and introduce multiple branches in the Rhode
Island and Massachusetts regions.
With a foundation spanning over
30 years, the Shamrock team has earned the “Best and Brightest Companies to
Work For” award six times from the National Association for Business Resources,
the release states, noting that the team strives to embody extensive experience
and shared core values, aligning seamlessly with CMG. Noyce, Correia, and
nearly all of Shamrock’s originators were drawn to CMG due to its innovation
and forward-thinking approach.
“CMG’s commitment to its
customers – evidenced by its innovative products – was unmatched in our search
for a new organization,” Correia said in the release.
“Our team’s excitement level is
matched only by our optimism for what this opportunity means for our
colleagues, customers, and community,” Noyce added. “Bringing together the best
of our team with the industry-leading qualities of CMG makes this unison truly
greater than the sum of our separate parts.”
CMG CEO Christopher George expressed
excitement about the addition in the release.
“We are thrilled to welcome
Shamrock’s successful origination team to the CMG family,” George said. “We
take great pride in creating a home for the nation’s top talent by investing
time, money, and resources into their origination businesses.”
CMG’s commitment to supporting
its originators is evident in its substantial growth over the past year, the
release continues. Amid a challenging period for the mortgage industry, where
many firms faced closures and downsizing, CMG expanded. Last year, while most
companies experienced a net decrease of 24 percent in personnel, CMG added a
net 5 percent in personnel. Additionally, CMG earned recognition as one of
Scotsman Guide’s Top-12 Overall Mortgage Lenders.
This year, CMG was acknowledged
as a top growth lender by Inside Mortgage Finance for its success in Q1 through
Q3, the release notes. Only four companies, including CMG, demonstrated a
positive year-over-year growth in volume during this period. While most top
lenders witnessed an annual decrease of 35.1 percent in production volume, CMG
experienced an annual increase of 17.5 percent.
CMG attributes its success to
its focus on developing a diverse range of proprietary products to cater to
various borrower needs. Some of these offerings include the All In One Loan,
HomeFundIt, List & Lock, construction to perm, renovation financing,
reverse financing, builder programs, home equity line of credit (HELOC)
financing and more.