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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 14 July 2024 M O V E R S & S H A K E R S Wilbur succeeds previous CIO Brent Rasmussen, who will retire in early July after 13 years of service to Carrington. "I am thrilled to announce the promotion of Brett Wilbur to Chief Information Officer," Taffet said. "During the past 17 years, I have had the privilege of working alongside Brett and witnessed his unwavering dedication, thought process and technical ability. His under- standing of Carrington's vision and goals, along with his commitment to technical excellence, make him a perfect fit for the role. I also want to take a moment to acknowledge the outstanding contribu- tions of our former CIO, Brent Rasmus- sen, whose leadership and vision have set a strong foundation for the IT team. I am confident that under Brett's guidance, we will build on Brent's legacy." Wilbur joined Carrington in No- vember 2006 as Associate Director for Carrington Capital Management (CCM). He says his role has grown dramatically in the years since Carrington began as a traditional asset manager, with the com- pany acquiring a mortgage servicer, then embarking on mortgage lending and real estate. The company now has large, com- plex, regulated systems operating across multiple divisions. Wilbur maintains he has kept pace by architecting data and application solutions that are utilized by multi- ple divisions—all accompanied by a significant increase in teamwork and collaboration with associates throughout the enterprise. Wilbur emphasizes that The Carrington Companies are well-po- sitioned from an IT standpoint and is quick to credit former CIO Rasmussen with creating a solid IT foundation and building an eminently capable team of professionals. "The Carrington IT organization has a very solid team," Wilbur said. "I am looking forward to continuing to optimize our existing infrastructure and embarking on new initiatives to ensure Carrington always stays in step with the rapid changes in technology." EMBRACE HOME LOANS PROMOTES NEW HEAD OF BUILDER SERVICES Embrace Home Loans has an- nounced that Greg Dalgarno has been promoted from Sales Manager to Director of Builder Services. Based in Timonium, Maryland, Dalgarno will focus on growing Embrace's new construction home lending business throughout the East Coast by forming partnerships with homebuilders and recruiting loan officers who specialize in new home construction. Dalgarno expects to hire 15 to 20 new loan officers over the next year. "Greg has been instrumental in expanding our relationships with home- builders by understanding their needs and presenting customized solutions," said Jason Will, SVP of Market Growth at Embrace Home Loans. "Greg also has vast experience working with home- builders of all sizes, which is important today because many small and mid-size private builders must compete with national, publicly traded builders with tremendous resources." Dalgarno has more than 20 years of mortgage industry experience. Prior to joining Embrace, he was a top-producing Originator and Sales Manager at Guar- anteed Rate and Wells Fargo, where he worked closely with homebuilders and helped both companies increase their overall sales. "I'm looking forward to expanding Embrace's footprint all along the East Coast, from Maine to Florida," Dalgarno said. "Embrace has always been a strong advocate for new construction. Over the past few years, we've been growing that business and will continue to do so." Embrace is seeing more interest in new home construction loans today due to the lack of inventory on the market, Dalgarno said. He estimates Embrace has expanded its builder business by about 30% over the past year alone. Embrace Home Loans is developing a "build- er-designated" certification for current and new loan officers. Loan officers from Embrace Home Loans can earn their certification through a combination of in-house training and real-world experi- ence working with homebuilders. "With a shortage of existing homes available, buyers are more inclined to consider building their own home," Dalgarno said. "We've also come up with some special programs and incentives that builders can offer to homebuyers, including discounted forward com- mitments. These commitments allow a builder to lock a block of funds at a below market interest rate, then pass the rate through to the buyers. Often, the rate can be a full percentage point—or even more—below market rates." PLANET HOME LENDING EXPANDS SOUTHEAST PRESENCE National mortgage lender and servicer Planet Home Lending has hired Tom Reber as Area Sales Manager in Jacksonville, Florida. Reber brings a wealth of experience and a vision for growth in key markets, aiming to expand the company's presence in Daytona Beach, Jacksonville, Tallahassee, and Savannah, Georgia. Reber's Jacksonville team will include Mortgage Loan Originators Allen Lewis and Jeromy Peters and Loan Officer Assistants Nicole Crabtree and Priscilla DeMasi. With 30 years of experience in retail mortgage banking, Reber is renowned for his ability to drive excellence and build strong teams. "I am excited to join Planet Home Lending and lead our expansion in North Florida and Southern Georgia," Reber said. "Our comprehensive home loan product lineup includes unique offerings, like Cash 4 Homes and Pur- chase EDGE, helping people win home purchase bidding wars brought on by limited inventory, high interest rates, and competition from investors making cash home purchase offers." "Reber's extensive experience and strategic vision make him a valuable