Mike Azzarello named SVP, managing director of new Traditional Correspondent Lending Group Division to add group focused on traditional agency production to complement existing renovation group

ROLLING MEADOWS, Ill., Nov. 28, 2012 /PRNewswire-iReach/ -- Residential mortgage lender Platinum Home Mortgage Corporation announced today that Mike Azzarello, CMB has been named senior vice president and managing director of their Traditional Correspondent Lending Division.  In his new role, Azzarello will build the new traditional correspondent program group, based out of Jacksonville, Fla.

Azzarello is a mortgage industry veteran with more than 35 years of experience with such nationwide correspondent lenders including HomeSide Lending and Washington Mutual Bank.  Most recently, he has been a senior-level consultant with MPA Consulting, LLC.  Azzarello holds a Bachelor of Science degree from the University of Illinois and received the Certified Mortgage Banker (CMB) designation from the Mortgage Bankers Association of America in 2005.

Currently, Platinum Home Mortgage has a Renovation Correspondent Lending Division headed by Jane King and headquartered in Clifton Park, N.Y.  This group specializes in government and conventional renovation financing programs.  Azzarello's new traditional correspondent lending team will focus on standard and niche conventional and FHA correspondent products for mortgage bankers and community banks.

"The addition of Mike to the Platinum family allows us to expand the product menu for our correspondent clients while adding the expertise needed to grow correspondent business with community banks and other financial institutions"," says William W. Giambrone, president and CEO of Platinum.  "Mike understands today's market and the needs of our clients in a shrinking marketplace."

Look for Platinum's Correspondent Lending Division on the web at www.platinumcorrespondent.com.

About Platinum Home Mortgage Corporation

Platinum Home Mortgage (www.ephmc.com) is a Fannie Mae/Freddie Mac Seller/Servicer and Ginnie Mae issuer.  The company has a long history of originating FHA, VA and conforming mortgage programs and is a Fannie Mae-approved HomePath® Mortgage and HomePath® Renovation Mortgage lender.  The company is currently in an aggressive growth mode nationwide.  Incorporated in 1993 and headquartered in Rolling Meadows, Ill., the company is licensed in 47 states and has offices in California, Florida, Idaho, Illinois, Indiana, Nevada, New Hampshire, New York, and North Carolina.

Media Contact: Victoria Lowe, Platinum Home Mortgage, 407-832-5130, vlowe@ephmc.com

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SOURCE Platinum Home Mortgage Corporation


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