Deephaven Mortgage hired Anthony Gulotta to lead wholesale sales on the East Coast, the non-QM lender announced this week.
Gulatta, based in Charlotte, will work to build the lender’s presence with mortgage brokers on non-agency products.
“Anthony combines a strong understanding of the business opportunities for mortgage brokers with a dedicated focus on education and client support,” John Keratsis, president and CEO of Deephaven Mortgage, said in a statement. “This combination has led to his success building strong and profitable wholesale partnerships. We are delighted that he is bringing this expertise to Deephaven.”
Gulotta has spent more than three decades on mortgage operations and wholesale sales, with stints at Movement Mortgage, Figure, Premier Lending, Quicken Loans (now Rocket Mortgage), and Wells Fargo.
“I believe that non-QM/non-agency lending represents the next phase of the mortgage industry, and I’m excited to influence it at Deephaven,” Gulotta said in a statement. “This is the company that helped pioneer today’s non-QM market, and they continue to advance the industry.”
Deephaven, owned by alternate investment firm Pretium, shut down its non-QM operation and laid off all its workers in spring of 2020 when the pandemic sapped the market of liquidity. It returned in early 2021 and issued a $146 million security, its first issuance since it shut down.
Non-QM is expected to make a resurgence this year, and originators should look toward non-QM lending to help restimulate their business. This white paper will cover the five key steps lenders and brokers can take to have a successful 2022 using non-QM.
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The company recently added Lisa Heitzmann as chief operating officer. Before joining Deephaven, Heitzmann was principal at LGH Consulting. She also held executive roles at Xome, Wells Fargo, Bank of America and IndyMac Bank.