RPM Mortgage, Inc. (RPM) is proud and excited to announce that Kimberly Schenck has joined the RPM family. Schenck is now officially RPM’s Senior Vice President (SVP) of the Independent Lending Partnerships Division (ILPD).
Schenck will work closely with RPM’s Chief Financial Officer (CFO), Ava Noack, who is humbled to have Kim as part of the RPM team to help expand the company in new directions.
“We are honored to have Kim on board as she is very highly respected and appreciated within the mortgage banking industry with her 25 years of experience and strong mortgage banking connections,” said Noack. “Kim understands our loan agent-centric mindset, our people, our management team and our robust origination system so it was a natural decision to extend an employment offer to Kim to be a part of our team when she became available.”
As head of the ILPD, Schenck will be responsible for expanding RPM’s business partnerships by recruiting best-in-class, small to mid-size mortgage banking entities. She will be recruiting mortgage banks nationwide to operate within RPM’s mortgage lending model, while the members of the partnership retain independent branding within their marketplace.
Schenck looks forward to working with RPM because of its strong leadership and is excited to help expand RPM’s presence within the industry.
“I am passionate about the mortgage banking business because it is ever-changing, challenging and competitive,” said Schenck. “I am honored to have the opportunity to work for RPM and fully expect that RPM will continue to grow throughout the nation and expand their top-notch mortgage banking company.”
The criteria that Schenck will be looking for in potential mortgage banking partners includes integrity, strong production track record, and a significant presence in their individual market place. Schenck will work with the members of the partnership once recruited to operate within regulatory compliance and RPM operating standards.
During these uncertain economic conditions, independent mortgage bankers are likely to consider RPM’s offer. They would be able to retain their branding independence, yet strengthen their lending capabilities by choosing to integrate with RPM’s mortgage banking platform.
Schenck has over 25 years of experience in the mortgage banking industry and was most recently employed by PennyMac. She worked at Bank of America Corporation (BAC) which used to be Countrywide for 18 years before that and is now looking forward to bringing her expertise to RPM.
“I have known and worked with Rob and Tracey Hirt for many years,” said Schenck. “Rob and Tracey are visionaries who have not only adapted, but have excelled throughout the paradigm shift in our industry. Rob and Tracey want to share what they have built with the independent mortgage bankers who are critical to the life-blood of our industry and its recovery.”
Schenck’s mortgage banking career began in the 1980’s in Albuquerque, NM. She moved to Dallas, TX and worked for Greenwich Capital Markets before transitioning to Countrywide/BAC Correspondent Lending as a Regional Vice President in 1993 until April, 2011. She now resides in Santa Monica, CA and enjoys traveling, exercising and reading.
RPM Mortgage, Inc. is based in Walnut Creek and is a private, family-owned mortgage banker and broker whose roots in the Bay Area stem back to 1986. RPM has over 60 branches in California, Nevada, New Jersey, Texas, Colorado and Connecticut and over 700 loan agents and employees. RPM Mortgage is a retail only lender and a direct seller and servicer of Fannie Mae loans. In 2010, RPM closed over $4.55 billion in originations, with $1.3 billion of the originations being service-retained loans. RPM’s loan agents are specially trained to offer FHA and VA loan programs to their customers. They work with borrowers, realtors, CPA’s, financial planners, attorneys and financial consultants to provide home buyers and owners with the best financial solutions in the market today.
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