Down Payment Resource named new members to its leadership team to assist with the firm's ongoing expansion.

The web-based software company developed a tool to connect eligible homebuyers and for-sale properties with down payment assistance.

The tool provides information about downpayment assistance, affordable mortgages, and rehab loans during the home search process.

The company announced Beverly Faull as vice president, director of business development for down payment resource. She will be responsible for leading business outreach and managing customer relationships.

Additionally, Sean Moss was name vice president, director of operations and customer support, and Tracey Shell was appointed vice president, director of marketing communications.

"We’re pleased to see the growing interest among real estate professionals and consumers in fully understanding available home financing options. The direction of today’s housing market is fueling growth and demand for the unique service our company provides," said Rob Chrane, president of Down Payment Resource.