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Lenderworks Appoints Mortgage Vet As President

Lenderworks, a national mortgage services provider, has appointed mortgage veteran Andrew Peters as President.

Peters will be charged with implementing a growth strategy for the company, as well as overseeing the expansion of its footprint in the housing ecosystem. He comes to Lenderworks with over 25 years of experience in the mortgage and real estate industry. He was most recently a Vice President at Fannie Mae, where he oversaw strategy of the Single-Family business and served as a member of the Single-Family leadership team. Previously, Peters was the CEO of mortgage lending company First Guaranty Mortgage Corporation for seven years, where he led the growth of the companies lending and servicing platforms.

“Being tasked with growing a dynamic firm like Lenderworks is a tremendous opportunity,” said Peters. “We are entering a unique market scenario, and a number of trends suggest that many small to mid-sized lenders are seeking to do what they do best—sell and produce loans—without being stifled by complex infrastructure requirements and a spider web of technology offerings. By sharing their operations backed by top industry veterans without bearing the traditional cost for those functions, we intend to help a number of originators grow in the coming years.”

Fairfax, Virginia-based Lenderworks is a national services provider for mortgage lenders. Its team of seasoned mortgage experts uses access to leading technology and years of successful mortgage strategy to deliver a suite of traditional “back office” services to growing mortgage lenders. Lenderworks prides itself on creating new efficiencies and absorbing non-revenue generating functions to empower those lenders to focus on sales and production. Service lines include loan origination system (LOS) management, secondary/capital markets, legal and compliance, accounting, quality control, vendor management, post-closing, interim servicing support and information technology. Lenderworks services are fully integrated, modular and scalable, and offer the small-to-medium sized mortgage company an opportunity to increase service while streamlining costs.