United Shore Financial Services in Birmingham, Mich., has promoted the head of its wholesale mortgage unit to become its president.

The mortgage lender said Monday that it had named Mat Ishbia president. Ishbia, 32, had been the president of United Shore's United Wholesale Mortgage. Ishbia, who joined the company 2003, rebuilt the unit's sales team and contributed significantly to efforts that led to $7.2 billion in mortgage originations last year, the company said in a press release.

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