NEWTOWN SQUARE, Pa., May 17, 2013 /PRNewswire/ -- GMH Mortgage Services LLC, a nationally-recognized Mortgage Banker, headquartered in Newtown Square, PA, is pleased to announce the addition of Scott Medrow as Senior Vice President of its National Mortgage Center and Specialty Products Division. GMH's Mortgage Center, which does business under the name "Credence Mortgage", has been a thriving segment of the business since 2010, with double-digit same store revenue growth from 2011 to 2012.
"With the regional success we attained over the past couple of years in the retail call center space, we knew that, to exceed expectations of a nationwide consumer base, we would need a proven leader in the industry to ensure success. Scott not only fits the best in class cultural dynamic we are building at GMH, he also provides 'out of the box' thinking to what is generally perceived as a plain vanilla business model," stated Joseph Macchione, Chief Executive Officer of GMH Mortgage Services. "Scott will immediately begin recruiting, developing and training a dedicated team in targeted markets around the country, while also implementing new procedures and sales efficiencies through technology. Scott's previous success at both GMAC Mortgage and Chase Home Finance clearly displays his ability to cultivate and lead a team of mortgage professionals who will focus on our desire to provide the very best in concierge-like customer service to each and every one of our valued borrowers. We are excited to welcome him to the GMH Mortgage family," finished Macchione.
Mr. Medrow has over 20 years of experience in the mortgage industry and most recently worked at GMAC Mortgage in Fort Washington, PA where he was Senior Vice President and Chief Administration Officer. While at GMAC, Mr. Medrow was responsible for the growth, profitability and market expansion of their national retail sales program. During Mr. Medrow's tenure at GMAC, he was instrumental in organically building the retail sales division from 0 to more than 150 loan officers and drove over $1 billion in sales in 2012. Prior to that, Mr. Medrow spent 15 years with Chase Home Finance (JP Morgan Chase) in several management and origination positions.
"I'm excited to develop our mortgage into a nationally-recognized leader through enhanced technology, acute training and good old-fashioned sales motivation and technique," stated Medrow. "When Joe and I first discussed the opportunity, what intrigued me most was GMH's desire to think bigger than simply building a typical call center origination platform. GMH's commitment to match a concierge level of customer service with a purchase-oriented presence and connectivity to the retail origination platform is our key driver to success. My previous experience in cultivating and managing mortgage professionals will allow me to develop new sales strategies while enhancing our operations and maximizing the value from our lead generation outlets. These are exciting times at GMH Mortgage and I am honored to be a part of it," finished Medrow.
GMH Mortgage is currently licensed in 28 states including CA, CO, CT, DC, DE, FL, GA, IL, IN, KY, ME, MD, MA, MI, MN, NH, NJ, NM, NC, OH, OK, OR, PA, SC, TN, TX, VA, and WI, and is strategically expanding its reach nationally.
About GMH Mortgage:
GMH Mortgage Services, "The Gold Standard of Mortgage Banking" is a full service Mortgage Banker, with 8 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.
SOURCE GMH Mortgage Services