Mortgage industry veteran Darren Russell has joined Renaissance Home Loans, a South Florida-based mortgage originator, as vice president of business development.
Russell was most recently with Mr. Cooper, where he participated in some of the industry’s more complex correspondent strategies, like assignment of trade [AOT], co-issue, and bulk acquisition. He led the division by exceeding his peers in key metrics for the correspondent sales channel.
Russell has worked for numerous large scale mortgage companies, including Pacific Union Financial, LLC, First Guaranty Mortgage Corp., and JP Morgan Chase.
In his new role with Renaissance Home Loans, Russell will establish corporate alliances designed to improve customer service and reduce the firm’s costs. His approach will be geo-specific with a defined concentration on entities that mesh with the company’s core values. He will also participate in developing the company’s Q4 horizontal expansion strategy, a multiyear, synthesized concept driven by the headwinds faced within the industry.