John Costa has joined Embrace Home Loans, a direct lender for Fannie Mae and Freddie Mac, as the regional lending executive to lead all retail sales production and recruitment for the Tri-State area of New York, New Jersey and Pennsylvania.
According to the company, Costa is the latest of three new hires Embrace has made since late June to match the growing demand for home financing. As previously reported, Jeff McGuiness, former CEO of Lenders One, and John McGinty, former ServiceLink sales executive, have also joined the team at Embrace as chief sales officer and Southeast regional lending executive, respectively.
Prior to Embrace, Costa served as senior vice president and head of mortgage sales for Weichert Financial Services and spent over 17 years at PHH Mortgage.
Embrace is now recruiting branch managers, producing managers and loan officers across its branch network and plans to extend into new communities as the industry gains momentum.