First Community Mortgage‘s wholesale division named a new regional sales manager in hopes to continue growth for the firm’s mortgage boutique division. Murfreesboro, Tennessee-based firm tapped Jeff Raich for the position, FCM said Wednesday in a release.
Raich has been in the mortgage lending business for more than 25 years and focused on Third-Party Originator after earning a bachelor’s degree in finance from Southern Illinois University, Carbondale, according to the firm.
Raich plans on “hiring account executives across the U.S. in three channels –broker, delegated correspondent, and non delegated correspondent– strengthening the organization across 46 states in which it originates mortgages.” In a statement, Raich said he is focusing on filling Texas positions in Austin, Dallas Fort Worth, Houston, and San Antonio.
Headed by Dan Smith, FCM is a wholly-owned subsidiary of First Community Bank of Tennessee and includes wholesale, correspondent, and retail divisions.
The wholesale division provides underwriting and closing services to small banks, credit unions, and mortgage brokers.
How community banks can grow with confidence during challenging times
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FCM, which offers mortgage solutions to consumers and financial institutions, funded about $3.5 billion in home loans last year.