GMH Mortgage of Newtown Square, PA Proudly Announces Karen Bausman as President

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Jun 05, 2012, 10:00 ET

NEWTOWN SQUARE, Pa., June 5, 2012 /PRNewswire/ -- GMH Mortgage Services LLC, a nationally recognized Mortgage Banker, headquartered in Newtown Square, PA, is pleased to announce the addition of Karen Bausman as President. Most recently, Mrs. Bausman served as Senior Vice President of Correspondent Sales at Bank of America.

"Karen has a proven track record of generating tremendous sales growth and production in each of her previous positions," stated Joseph Macchione, CEO of GMH Mortgage. "Her experience in building successful sales platforms, product expansion in both retail and internet-based originations along with her strategic recruiting efforts make her an ideal fit for GMH Mortgage. We are extremely excited about the direction of GMH Mortgage under Karen's leadership and guidance," finished Macchione.

Mrs. Bausman's wealth of knowledge in the mortgage industry and sales management experience provide GMH with a seasoned executive focused on strategic and accretive growth and customer-focused improvements and enhancements. As Bank of America's Senior Vice President of Correspondent Sales, Mrs. Bausman increased mortgage product sales during each year of her tenure, while also increasing the client base. Mrs. Bausman's constant evaluation and improvements of the sales process and operational workflows also created a tremendous upswing in market share growth from 17%-45% for the company.

Prior to Bank of America, Mrs. Bausman was hired as Senior Vice President of Correspondent Sales for IMC Mortgage, to build correspondent volume for a limited partnership which was later purchased by CitiFinancial. While recruiting and developing a correspondent sales team of over 30, Mrs. Bausman personally negotiated and secured relationships with more than 100 clients while raising volume each month. Mrs. Bausman's sales division was integral in achieving the IPO target, and ending the year with increased volume levels month over month.

"I'm excited to work in tandem with the tenured team of sales and operational professionals at GMH Mortgage in building a blueprint for growth," stated Bausman. "Together we will shape sales and product expansion in both retail and internet-based originations as we drive a world-class service experience for the borrower. I thrive on generating a synergy between our sales and operational teams, which ultimately creates a uniquely personal and individualized experience for our clients and partners," added Bausman. "My previous experience in building sales volume, increasing market share and improving productivity have driven me to this great new opportunity at GMH Mortgage, where I plan to team with my staff to build a franchise that is a hallmark for service excellence."

GMH Mortgage is currently licensed in 14 states including CA, CT, DE, FL, ME, MD, MA, NH, NJ, NC, PA, SC, TX and VA, and is aggressively seeking branch managers and loan officers to their team. Interested parties should contact Ski Swiatkowski at [email protected].

About GMH Mortgage:
GMH Mortgage Services, "The Gold Standard Of Mortgage Banking" is a full service Mortgage Banker, with 14 locations around the country, headquartered in Newtown Square, PA. Utilizing in‐house underwriting and funding of mortgage loans, GMH strives to provide quality loan products, competitive rates, and outstanding customer service to all clients. For more information, visit www.gmhmortgage.com.

SOURCE GMH Mortgage Services LLC