The world of digital lending has just welcomed a new player, with Lower bringing onboard industry veteran Craig Montgomery as its Chief Strategy Officer. Montgomery, formerly the Chief Production Officer at CrossCountry Mortgage, is set to lead Lower’s retail strategy and enhance the company’s tech-driven platform to empower origination teams in achieving their goals.
Let’s delve into the key aspects of Lower’s latest move and what it means for the company’s growth trajectory:
- Craig Montgomery’s Impressive Track Record: Montgomery’s tenure at CrossCountry Mortgage, where he ascended from Director of Branch Operations to Chief Production Officer, underscores his exceptional industry experience. Notably, CrossCountry Mortgage ranked as the 10th-largest mortgage lender in the U.S., showing a significant growth trajectory under his leadership.
- Lower’s Strategic Vision: Lower has distinguished itself in the competitive lending landscape through a combination of organic growth initiatives and strategic acquisitions. Recent acquisitions of Colorado-based Universal Lending Home Loans and Texas-based Thrive Mortgage point to Lower’s ambitious expansion plans. CEO Snyder’s commitment to further acquisitions in the near future indicates the company’s drive to solidify its position as a top national lender.
- Strong Financial Backing: Lower’s successful Series A funding round led by venture capital firm Accel, along with backing from Veritex Holdings, underscores the market’s confidence in Lower’s vision and growth strategy. This financial support provides a solid foundation for Lower’s continued expansion and innovation in the lending space.
- Commitment to Excellence: With 613 sponsored loan officers and 109 active branches, Lower is well-positioned for further growth and market penetration. The company’s focus on providing top-notch service and leveraging technology for a seamless lending experience sets it apart in a competitive market environment.
In conclusion, Lower’s strategic hire of Craig Montgomery coupled with its robust growth strategy and financial backing sets the stage for continued success and market leadership. As Lower continues on its path of innovation and expansion, the industry will be watching closely to see how this digital multichannel lender transforms the lending landscape.
