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WESLEY CONTINUES TO DIVERSIFY WITH LAUNCH OF WESLEY MORTGAGE | News

FRANKLIN, Tenn., Sept. 01, 2021 (GLOBE NEWSWIRE) — Nashville-based entrepreneur Chuck McDowell continues to diversify his business holdings with the launch of Wesley Mortgage, LLC

. Ed Wallace, who has 43 years of experience in mortgage banking, will serve as president of the new venture.

The company joins Wesley Financial Group, LLC (WFG), Wesley Credit Repair, LLC, and the recently launched Wesley Insurance, LLC as part of McDowell’s portfolio. Wesley Mortgage will focus on maximizing technology to create a streamlined approach to mortgage lending.

“We’ve built a brand under the Wesley umbrella that is synonymous with helping consumers and Wesley Mortgage is a natural extension,” said McDowell. “All of our companies are built around efficient processes that help consumers reach their end goal of financial and personal security.”

Wesley Mortgage will launch through direct-to-consumer organizations offering conventional, non-QM and Jumbo loan products, and is expected to obtain its VA and FHA Title II in the very near future. The company is initially licensed in Tennessee and is currently submitting licenses in Kentucky, Alabama, Georgia, Florida, South Carolina, North Carolina, Virginia and Texas, with plans to be in all 50 states within 18 to 24 months.   

“One of the biggest frustrations for consumers in getting a mortgage loan to purchase or refinance a home is that the process can be so complicated,” said Wallace. “We saw a need to make the mortgage process more streamlined, as well as providing feedback and approvals quicker. To that end, we’ve rearranged the traditional process so that underwriting is at the front of the process instead of the backend.”

The company will utilize configurable technologies to capture employment, deposit and other verifications necessary in the mortgage approval process, allowing for faster approval turn times than traditional lenders.

“In addition, our customers will have one point-of-contact to walk them through every step instead of the usual hand-offs from originator, to processor, to underwriter to closer. This allows for much better communication for everyone involved….a ‘white glove’ treatment,” he added.

Wesley Mortgage will leverage the power of the Wesley brand and the Wesley Group’s marketing expertise to drive consumer awareness. “We have a team in place that has proven experience in generating qualified leads. With their help, we will be able to launch and gain market penetration at a much faster pace than a stand-alone company,” said Wallace.

Wallace is joined on the management team by other experienced mortgage lenders including:

Dustin Wells, Chief Operating Officer

Valorie Kacherian, CRCM, Chief Compliance Officer

Jinanne West, Chief Financial Officer

Michelle Jones, Controller

Stephanie Mcinturff, Senior Vice President – Operations Manager

Ryan Zonana, Vice President of Secondary Markets and Investor Reporting

“Ed and his team bring over 150 years of combined experience to the table,” said McDowell. “We have spent over a year assembling this group and putting technology in place to quickly ramp up and become a national player in the mortgage market.”

Wesley Mortgage is proud to announce it will be the exclusive mortgage partner of the Tennessee Titans. This partnership will allow the company to engage with and provide support back into the community from which it is founded.

More information on the company, based in Franklin, Tenn., can be found at www.WesleyMortgage.com.

Attachments

ChucMcDowellEdWallace

Mike Alday WESLEY FINANCIAL GROUP 615-791-1535 ext. 122 [email protected]

Copyright 2021 GlobeNewswire, Inc.

Source: on 2021-09-01 12:07:30

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