Terence Murray has joined Alterra Home Loans as the company’s new Western division sales and expansion vice president.
Murray has more than a decade of experience in the mortgage business. Previously, he served as the regional sales expansion manager at Prospect Mortgage, where he was responsible for bringing in $350 million to $400 million in annual closed-loan production, bringing new branches to strategic markets and managing a team of recruiters. He also worked as a senior loan consultant and mortgage banker with Merrill Lynch.
In his new position, Murray will be responsible for managing and supporting the Western region for Alterra’s retail production and expansion.
Operating in 12 states, Alterra Home Loans is a minority-owned mortgage bank and the second-largest Hispanic-owned mortgage company in the country.