Steve Lemon has joined Deephaven Mortgage as senior vice president, national head of wholesale sales.
Lemon brings more than 25 years of success to his new position, including 10 as executive vice president, wholesale division at non-agency lender New Century Mortgage and five more as a director at Avelo, where he was responsible for client acquisition, sales and support for its prime jumbo conduit.
He has also served as president of The Lemon Six Inc., specializing in private money real estate investing and consulting.
In his new role with Deephaven, Lemon will spearhead expansion of the company’s broker network while helping broker partners meet increasing demand for non-agency products.
“Steve Lemon’s knowledge, experience and broker relationships in the non-agency space are second to none,” says John Keratsis, president and CEO of Deephaven, in a release. “He understands the rapidly evolving borrower landscape and the products wholesalers need to compete within it.”
“This is the moment for Deephaven and its partners to soar,” Lemon adds. “The conforming market just hasn’t kept up with the needs of a new class of entrepreneurial borrowers the way Deephaven has. Our partners want to do more lending, and Deephaven’s innovative products and services will provide them with a strong, steady outlet for new business.”