RALEIGH, NORTH CAROLINA — Motion Mortgage, a nationwide prime 10 mortgage lender, bolstered the ranks of its management with the creation of a brand new place devoted to growing and bettering relationships with new development builders throughout america.
Terry Barrett, who joined Motion in 2021 as Regional Builder Supervisor, stepped right into a newly created place as Director – Nationwide Builder Division. On this position, Barrett will handle nationwide builder relationships, develop new partnerships and assist strengthen our place as a really useful lender possibility among the many builder neighborhood and the homebuyers working with them.
Barrett joined Motion in July 2021 after almost 35 years of expertise within the trade, most lately as a Regional Builder Gross sales Supervisor with Wells Fargo Residence Mortgage, the place he labored for over 20 years.
“There has by no means been a greater time than now to raise Terry into this position to supply best-in-class service to our current builder relationships in addition to entice and assist new builders,” mentioned Mike Brennan, Motion Mortgage President. “New dwelling development might be a significant focus for the group to satisfy the calls for of the market the place stock remains to be low. We’re dedicated to serving our builder relationships and gross sales group with Terry on the helm!”
Motion’s Builder Division has quickly expanded throughout the U.S. as dwelling builders have benefitted from Motion’s builder-centric lending course of. With the present housing scenario placing strain on builders nationwide, well-handled mortgage processes and approvals are essential to a builder’s backside line. By offering an excellent purchaser expertise — using underwriters and processors who perceive the builder-specific timelines and necessities of recent development — Motion goals to get rid of issues that homebuyer mortgage approvals will get in the way in which of development and achievements.
“I’m so excited to steer Motion’s builder division throughout all 50 states,” mentioned Barrett. “We’re in a season of unprecedented development as an organization, and there’s no restrict to what we will accomplish!”
A local of Yorktown, Virginia, Barrett holds an undergraduate diploma from James Madison College and an MBA from the College of Richmond. He resides in Raleigh, NC, together with his spouse, Kristin, and daughters Piper, Sophie and Alexandra. When he will get a spare second, he enjoys his hobbies, together with guitars, music, automobiles and golf.
About Motion Mortgage, LLC (“Motion”)
Motion exists to like and worth individuals by main a Motion of Change in its trade, company cultures and communities. A nationwide prime 10 retail mortgage lender, Motion funded greater than $20 billion in residential mortgages in 2022. Motion is greatest recognized for its modern mortgage course of and referable expertise, which begins with upfront underwriting and a seven-day mortgage processing objective. The corporate employs over 4,500 individuals, has greater than 550 branches within the U.S. and is licensed in 50 states. After funding its steadiness sheet and investing in future development, Motion’s income are used to assist the Motion Basis. Up to now, the Motion Basis has acquired greater than $370 million of Motion’s income to spend money on faculties, communities and world outreach. For extra data, go to www.motion.com.