The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
Equity Loans, a company focusing in the residential mortgage industry, reported significant levels of corporate growth in 2012 with more than a 50 percent increase in loan production.
According to a release, Equity Loans opened 17 new branch locations in 2012 and to support its rapid growth, the company has recently expanded its Atlanta headquarters - adding 4,985 sq. feet of office space - to become Perimeter Town Center's largest current tenant.
Key additions were made to Equity Loans' executive team in 2012, including:
-Robert Oleynick, Chief Compliance Officer. Oleynick brings 20 years of mortgage banking experience and expertise in risk analysis, compliance, underwriting and fraud detection. Oleynick's previous roles include director of compliance and quality assurance for MLD Mortgage Inc.; due diligence manager for Lehman Brothers; and VP of risk and credit quality management for SIB Mortgage Corp.
-Walt Werchanowsky, EVP of Finance. With 26 years of experience in the financial services industry, Werchanowsky previously held management positions with Polaris Capital Advisors and US Residential Mortgage, and also served as senior vice president of strategic planning and development for Fleet Finance.
-David Abrahamson, SVP of Operations. During his 28 years in the mortgage industry, Abrahamson has held various positions including post closing, closing, loan processing, loan officer and underwriter. Abrahamson also held management positions at several Top 10 Atlanta mortgage companies.
-Mike Montanari, VP of Secondary Marketing. Montanari brings 14 years of experience in secondary marketing, lending and fraud detection. Prior to joining Equity Loans, Montanari held positions with several national lenders, including RR Donnelly Inc., Lending Solutions Inc. and Home Capital Inc.
Additional new hires that joined the Equity Loans team in 2012 include:
-Elise Bailey, human resources assistant
-Jessica Barron, human resources supervisor
-Tressa Chatmon, compliance assistant
-Rebekah Epting, director or marketing
-Ken Hartman, closing manager
-Pam Hunt, branch relations manager
-Sharon Kessenich, director of compliance
-Alyson Raymond, post closing manager
"Equity Loans has experienced incredible growth in the past year - in terms of employees, production and branch locations - and we expect to capitalize on that momentum as the mortgage industry continues its recovery in 2013," said Kunjan "KP" Patel, CEO of Equity Loans. "As we expand our footprint in the industry, we remain committed to recruiting the most talented, experienced professionals to support our growth."
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