Rian Furey has joined Impac Mortgage Holdings Inc. as president of direct lending.
Previously, Furey served as chief administrative officer for loanDepot.com. He has also held various executive positions in the direct lending businesses of Nationstar Mortgage, Discover Financial Services and LendingTree.
In his hew role, Furey will oversee Impac Mortgage Holdings’ consumer direct retail channel.
“I’m excited to get to work with the talented folks that make up the CashCall Mortgage team,” Furey says in a release. “There are great opportunities for Impac’s growth in consumer direct retail lending, and I look forward to delivering that for our shareholders.”
Impac acquired the mortgage operations of CashCall Inc. in 2015, significantly expanding its retail mortgage channel. CashCall operates as a separate division of Impac, under the name CashCall Mortgage.
Print to the acquisition, Impac had been doing business with CashCall on a correspondent basis since 2013.
Since the acquisition, Impac has been leveraging CashCall’s platform and multifaceted marketing strategies to increase origination volume of products, including the company’s AltQM loan programs and government-insured Ginnie Mae programs.