Independent mortgage lender now part of Celebrity Financial
Midwest Equity Mortgage (MEM) has announced several changes including new ownership, brand, and a new division launching under the leadership of an industry veteran.
MEM was acquired this month by Celebrity Financial, a US Virgin Islands based diversified financial services holding company.
Celebrity also acquired JVM Lending, a market leader in the Northern California lending market; and has now announced that one of its founders, Heejin Kim has joined MEM.
The 30-year veteran of the mortgage banking industry will launch a new recruitment division under the Celebrity Mortgage brand with the aim of identifying talented loan officers and teams who would fit well within the MEM operation.
"I'm excited to be a part of a very unique and promising opportunity to grow our brand and bring some of the best minds and practices together to benefit from each other's expertise,” said Ms. Kim. “Celebrity's model of lean operations, no middle managers and total transparency is something that loan officers throughout the industry have been waiting for, and I am very confident that I explode with it here at Celebrity and MEM."
Immense impact
MEM is licensed in 15 states and originates and funds residential mortgage loans through three distinct business channels and under the DBAs of Midwest Equity Mortgage, eClick Lending, Capital Financial Group and JVM Lending.
David Robnett, CEO of Midwest Equity Mortgage and CEO and chairman of Celebrity Financial Inc. said Ms. Kim will have an immense impact on the firm.
“She's the perfect person to lead the launch of our Celebrity Mortgage brand, and I'm extremely excited to have her join our team as an equity partner."
