American Home Funding has snared a managing director of GMAC Mortgage Corp. to beef up its secondary marketing.
Jason P. Bohrer was named last month executive vice president overseeing secondary marketing and loan delivery.
Executives at American Home Funding, a midsize lender with expansion aspirations, said they brought Mr. Bohrer on board to help loan originations, securitizations, and geographic reach.
He fills a spot that's been vacant since February, when William Stokes departed.
The Richmond, Va., company securitizes all of the mortgage loans its originates, making secondary marketing chief a crucial position. Last year, American Home originated roughly $1.6 billion, company officials said.
Mr. Bohrer came to American Home Funding, a unit of Rochester Community Savings Bank, from one of the industry's largest mortgage lenders, where he helped oversee the capital markets group.