Mortgage industry veteran Paul Giangrande has joined EquiFi, a provider of shared equity home financing solutions, as corporate executive vice president and president of the EquiFi mortgage division.
Giangrande has more than 30 years of financial service and mortgage industry experience, specializing in direct-to-consumer loan originations, portfolio retention, call center management, sales and marketing, and lead acquisition.
He is former president of AmeriCash Mortgage, where he oversaw 300+ employees and closed more than $18 billion in home loans.
“Paul brings a distinguished reputation in the mortgage industry with an uncanny sense of distribution. We are honored to have him lead our expanding mortgage financing efforts,” says David Shapiro, CEO and founder, EquiFi, in a release. “His impressive industry acumen and established mortgage credentials add significant strength and valuable perspective to our management team.”
As president of EquiFi’s mortgage division, Giangrande’s initial focus will be the strategic scaling of EquiFi state licenses required to meet current and future market opportunities and negotiating wholesale brokerage agreements with mortgage companies interested in EquiFi’s EFI home equity investment (HEI) contract and other innovative home financing solutions currently under development.
Giangrande will also be responsible for developing and implementing EquiFi’s marketing strategy and distribution processes.
“EquiFi is a company unlike any other in our business, offering homebuyers and homeowners the ability to utilize equity financing in a home to help achieve their financial objectives,” says Giangrande. “Every consumer deserves to work with a trusted advisor when financing their homes, and I am excited to join EquiFi to help change this industry for the better.”