Homeward Residential Combines Wholesale And Correspondent Divisions

Homeward Residential Inc., a national mortgage lender and subsidiary of Ocwen Financial Corp., reports that it has consolidated its wholesale and correspondent sales divisions under one business unit and leadership structure.

The firm’s new third-party originations division was designed to provide an improved and streamlined service experience for its business partners, while also supporting its overall growth plans.

Industry veteran Michael Moorhouse will serve as senior vice president of the new division. Moorhouse has more than 30 years of strategic leadership experience in mortgage banking, including production, operations management, marketing, product development and technology development.

Prior to joining Homeward, Moorhouse was vice president of business development at Icon Advisory Group, where he was responsible for its first mortgage pricing and performance analytics group. He has also held leadership roles at many leading mortgage companies.

“By combining our wholesale and correspondent teams, we will make it easier for Homeward to meet the needs of our partners across all of our business channels, including broker, emerging banker, non-delegated and correspondent,” says Greg O’Connor, president of Homeward, in a release. “Additionally, coverage and service levels will improve with each partner having a dedicated support team, including a field representative, an internal sales support representative and a customer service representative, available at all times.”


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