Citywide Home Loans Names New President
Veteran mortgage lending executive John Cady has been named the new President of Citywide Home Loans, a rapidly growing national lender powered by the financial stability and innovative technology of Guaranteed Rate Companies. The Utah-based firm, founded in 1998, has steadily expanded to 55 offices in 36 states.
Cady will be charged with continuing Citywide Home Loans’ explosive national growth as well as maintaining the dynamic, entrepreneurial spirit for which the brand has come to be known. He joins the firm with over 35 years of experience in the mortgage industry, having grown both regional and national platforms in excess of $15 billion in yearly production. As a producer during the first 20 years of his career, he personally closed over 6,500 loans for over $2 billion in volume. He has extensive experience in building and managing all channels of mortgage production and operations, including retail, wholesale, joint venture, credit union, consumer direct, and recruiting.”
“I’m incredibly pleased to be joining Citywide Home Loans,” said Cady. “The company is the perfect mix of culture, service and programs that many mortgage professionals have been looking for. I believe we’re in position to pick up market share throughout the country.”
Citywide’s Charter Branch Model was designed for collaborative leaders who are hungry to grow and feel a part of something bigger. Branch and regional lenders tend to work with large companies to leverage marketing and operational support, plus lead generation – but soon find themselves buried in red tape, restricted in what they can and cannot do, and conforming to an uninspiring brand all while losing lots of take home due to unknown fees and constantly changing rules.
Cady came to Citywide because of the brand’s reputation for treating originators like entrepreneurial partners. That includes providing superior tools, technology and pricing and training. “We help build habits that will stay with the loan officer the rest of their career,” he said. “We’re especially proud to have seen an increase of over 40% in production.”
Cady has been recognized throughout the mortgage lending industry multiple times during his career, including the 2023 HousingWire Insider award . He has also been designated among National Mortgage Professional’s 2023 Most Connected Mortgage Professionals, National Mortgage Professional’s 2023 Titans of Industry and National Mortgage Professional’s 2023 Legends of Lending honorees.
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