Pete Butler has joined national mortgage lender Embrace Home Loans as its newest executive, responsible for correspondent sales.
Butler has more than 30 years of banking and financial services industry experience, Embrace says in a release. Previously, he held senior leadership positions at Wipro BPO, LenderLive Network Inc. and Interthinx (now First American). Additionally, he held prominent lending roles at Lehman Brothers, Bank of America, Citigroup Inc. and others.
In his new role, Butler will spearhead Embrace’s Affinity Mortgage Solution, a residential lending program for community banks and credit unions.
Embrace’s Mortgage Solutions Affinity group fills a need for credit unions and community banks by allowing them to offer competitive mortgage products while removing compliance challenges as well as the day-to-day and seasonal challenges, with a completely onshore solution.