United Residential Lending LLC (URL), a lending affiliate of National Asset Direct Inc. (NAD), is opening five new branches in Sacramento, San Ramon and Ripon, Calif.; Albuquerque, N.M.; and Arlington, Texas.
URL, which operates as a mortgage banker offering a full line of Federal Housing Administration, agency and jumbo loan programs in 19 states, has engaged five industry veterans to serve as managers for the new branches. Each manager will be responsible for marketing URL's products and recruiting loan officers to serve the five new branches.
Concurrently, URL has announced the appointments of Ken Michael to Southeast regional manager and Ken Stiles to South Central regional manager. Michael will be located in Murfreesboro, Tenn., and Stiles will be located in Arlington.
"As we continue to observe positive movements in the mortgage origination sector, particularly for value opportunities and refinancing, we have positioned ourselves to take advantage of several important regional markets," says Jeffrey Kaplan, NAD's president and CEO. "The addition of these offices will allow us to expand our footprint and strengthen our "one-stop shop' model, while filling the void left by players who have exited the origination market."