Mid America Mortgage announced that Adam Rieke joined the company as director of national third-party origination lending.
“Rieke brings an extensive track record of success in the mortgage lending arena,” Mid America said in a release. “Over the last 23 years, he has built and managed several highly profitable wholesale lending operations. An industry veteran, Rieke will continue to focus his efforts in the TPO sector in his new role with Mid America Mortgage.”
Prior to joining Mid America, Rieke served as regional vice president with PRMG. Earlier in his career, he spent seven years as senior vice president with Mortgage Services III.
“Mid America has always placed a special emphasis on our third-party originators,” Mid America Mortgage Chief Executive Office Jeff Bode said. “Combining Adam’s operational skills with the broker-specific functionality available through Mid America’s proprietary software system, Mortgage Machine, creates a unique opportunity to further enhance the value Mid America’s TPO channel provides, and together, we believe we can make the wholesale process so much better for our brokers.”
One of Rieke’s main goals in his new role is “restore the human element” to the review process.
“While the advent of automated underwriting has created some efficiencies in certain segments of the credit spectrum, we believe it has also turned ‘human underwriting’ into a lost art,” Rieke said. “Mid America is committed to employing the most competent, experienced underwriters in our industry. Our goal is to promote lending opportunities that are mostly overlooked by larger lending institutions, due to their dependency on automated underwriting.”