Randy Shannon Named Manager of National Business Development for Colonial National Mortgage6 April 2006
Randy Shannon has been appointed National Business Development Manager for Colonial National Mortgage's Wholesale Lending Division. In his new position, Shannon will coordinate sales and marketing, account executive recruiting, and process management/automation of all functions related to Colonial National's wholesale and correspondent relationships. He will be based at the company's corporate headquarters in Fort Worth, Texas, following his transfer from California, and will report to Mark Sims, Vice President and Director of the Wholesale Lending Division.
Shannon joined Colonial National Mortgage in 1996 as the Western Regional Sales Manager, where he was responsible for sales, operations and underwriting for California, Washington, Oregon and Nevada. He has been a top producer since joining Colonial National Mortgage, earning President's Club status for high volume production for the past several years. He began his career in mortgage banking in 1983 and brings extensive experience in all phases of the residential lending industry to his new position.
About Colonial National Mortgage, a division of Colonial Savings, F.A.
Founded in 1952, Colonial Savings F.A. is a comprehensive financial services corporation headquartered in Fort Worth, Texas, and is one of the largest servicers of mortgage loans in the nation with a servicing portfolio of more than $10 billion. Its primary business channels are all designed to complement the mortgage origination operation. Colonial National Mortgage's Wholesale Lending Division provides loan origination services to mortgage brokers nationwide through a network of eight regional offices. A retail lending division with 20 branches serves homebuyers and builders across the U.S. Its credit union division, CU Members Mortgage, provides mortgage services to more than 600 credit unions in the nation. Colonial Savings also operates seven depository branches throughout the Dallas-Fort Worth Metroplex, providing full service banking and consumer loan products. The company is also affiliated with Colonial Life Insurance Company of Texas, Colonial Lloyds, and DuBose and Associates Insurance. With assets of $1.1 billion, Colonial Savings, F.A. is privately held and has also been awarded a Five Star Rating from Bauer Financial, Freddie Mac's Servicing Hall of Fame Award, Fannie Mae's "Excellence in Servicing" award, and the Department of Housing and Urban Development's "Best Practice" award. For more information go to http://www.cnmbrokers.com .
Source: prnewswire
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