Alterra Home Loans LLC, an independent mortgage bank headquartered in Nevada, has promoted Marc Hernandez to president following his leadership and contributions as Alterra’s executive vice president of retail lending.
Hernandez, who was appointed to the role by previous president and co-founder, Jason Madiedo, will be responsible for sales, operations and marketing.
Hernandez joined Alterra in 2015, when he established a branch in Chicago and ultimately grew a regional presence for the company. He later moved into a divisional leadership position overseeing Alterra’s East Coast production, where he was instrumental in driving results for the company.
Hernandez brings with him 17 years of mortgage industry experience in both sales and operations, including roles at Countrywide, Bank of America and Huntington Bank.
“Marc’s a by-product of our culture and a prime example of our commitment to professional growth and grooming our leaders so they can be promoted from within,” says Madiedo. “He knows the mortgage business well, but more importantly, he knows the people side of the business and excels at working well with a wide range of personalities. In an industry that’s constantly changing, Marc has an incredible ability to articulate his vision, set the direction for the company and execute.”