Onshore outsourced mortgage services and technology provider Evolve Mortgage Services has announced a strategic reorganization wherein executive leaders Gregg Meyer, Tim Anderson and Mark Hughes will serve as presidents of three new business units: Originations, eMortgage and Capital Markets.
“Recently, the mortgage industry has experienced an expansion in loan product mix, with a new appreciation for private loan products,” says Paul Anselmo, CEO of Evolve Mortgage Services, in a release. “With brisk activity for agency and government loans and the rise in non-agency loan demand, the strategic realignments we are making will enable us to support any lender’s origination strategy.”
Gregg Meyer, who has served as president of Evolve since 2017, has been appointed president of the company’s originations unit. Meyer has been with Evolve since 2008 and has more than 30 years of mortgage banking experience.
“The recent industry shift has opened up new opportunities in the production markets,” Meyer says. “Today’s lenders are seeking more streamlined, scalable tools that allow them to originate non-agency loans as efficiently as loans going to Fannie Mae or Freddie Mac. Our focus will be providing these tools to lenders to accelerate their non-agency production.”
The eMortgage unit will be led by Tim Anderson, who rejoined Evolve in August as director of eMortgage strategy. Anderson, a digital mortgage pioneer whose career spans 35 years, was previously with Evolve from 2007 to 2010.
“When I originally joined Evolve more than a decade ago, the industry was not ready for full adoption of the entire eMortgage process, including the full utilization of SMART Docs,” Anderson says in the release. “Since COVID has made the entire industry refocus on digital initiatives, our new structure ensures we are better positioned than any other firm in the industry to lead the change.”
Mark Hughes, who joined Evolve in January 2020 as managing director, has been named president of the capital markets unit. Hughes is a 35-year veteran of the mortgage capital markets and has held senior management positions at leading due diligence firms and solution providers for more than 20 years. In this new role, Hughes will lead the company’s closed loan review services across all products and clients, including third-party reviews for securitization.
“As the lines of demarcation between agency and non-agency execution blurs, our reorganization will ensure our services align with the needs of our clients for maximum liquidity, whether their ultimate execution is agency delivery, private label securitization or portfolio investment,” Hughes says. “With our market and product expertise, and our third-party reviews accepted by all five major rating agencies, no company is better able to serve the capital markets than Evolve.”