Mortgage lender Rockville Bank reports that it has hired four experienced mortgage banking professionals who will head up its two new loan production offices in Massachusetts and Connecticut.
Specifically, the bank has hired Jim Picciotto as vice president and sales manager to head up its new office on State Road in Sagamore Beach, Mass. Picciotto previously worked for EverBank, where he helped build the company's entry into retail mortgage lending in Massachusetts. He has nearly 25 years of experience in mortgage banking, including 12 years as president and CEO of Patriot Funding, a mortgage lender based in Massachusetts. He also co-founded Capital Markets Cooperative, a capital markets/secondary market solution for banks and mortgage lenders based in Ponte Vedra Beach, Fla.
The bank has also hired Leonard Tocci as a loan officer for the Sagamore Beach location. Tocci has 30 years of experience in mortgage banking, particularly in eastern Massachusetts. Most recently, he held the position of senior loan officer with Guaranteed Rate Inc. Previously, he was director of sales and business development with Summit Mortgage of Boston, vice president at Century Bank & Trust in Medford, Mass.; and vice president at Barnett Bank of Collier County, Fla.
The bank has also hired Joe Antonios as vice president and private mortgage banker for its new office on the Post Road in Fairfield, Conn. Antonios has more than 20 years of experience in mortgage banking, including a long-term position as president and CEO of Metro Mortgage Corp. and most recently, senior vice president of residential lending for the Connecticut region of Guaranteed Rate Inc.
The bank has also hired Jarret Coleman to serve as a private mortgage banker in the Fairfield office. Coleman's vast experience in mortgage banking started as a processor with Hamilton Mortgage, where he worked for one of the top mortgage loan officers in Connecticut. He later joined Pegasus Investment Group in 2009 as an originator. For the past three years, Coleman has been with both Mortgage Master Inc. and Guaranteed Rate Inc.
The new locations – part of the Rockville Bank's strategic plan to expand its mortgage business – were approved this month by the Connecticut Department of Banking and are slated to open in February. The bank reports that it is looking to expand in Massachusetts and plans to soon open a new office location closer to Boston.
Meanwhile, the new location in eastern Massachusetts will serve the greater Boston market.
According to federal data, Rockville Bank is among the largest mortgage originators in Connecticut. It has added six new loan officers in the past few months.