Angel Oak Home Loans hired Steven Valladares, CMB, as the new Vice President of Correspondent Sales, bringing more than 30 years of mortgage industry experience to the company’s growing correspondent network. Angel Oak’s corresponding business line focuses on purchasing and servicing secondary market home loans.
Valladares will be responsible for creating and implementing a sales infrastructure to support internal and external sales teams. The company has been purchasing agency mortgages since the third quarter of 2021, developing and refining its process to provide clients with a one-stop approach to selling, servicing and securitizing virtually any type of home loan at a wider public of lenders.
“I am delighted to be part of the growing sales team at Angel Oak, where we will continue to provide excellent support to our lending partners, especially in this unique market environment,” Valladares said. “Angel Oak’s leadership in the non-QM market is indicative of what’s to come as we expand into the agency space as well. Angel Oak will act as a multi-faceted correspondent capable of meeting the needs of the massive agency market as well as non-QMs.
Valladares, who holds a Master CMB designation from the Mortgage Bankers Association, brings nearly 20 years of direct sales experience focused on correspondent sales and relationship management. Most recently, Valladares has been instrumental in driving domestic sales growth for some of the nation’s largest banks and mortgage providers, such as Wells Fargo and Fannie Mae, where he held positions as vice president overseeing the teams. national sales and financial markets.
“We are thrilled to add someone to our team with as much experience and expertise in the mortgage sales industry as Steven,” said Brynn Stensrud, executive vice president of correspondent loans at Angel. Oak. “We look forward to working alongside him to strengthen our relationships with our existing customers, while doing so much more and bringing Angel Oak’s competitive pricing and renowned infrastructure to a wider audience at a time when the market need it the most.”
Angel Oak Home Loans also announced the opening of four new branches in Temecula, CA; Ventura, California; Las Vegas, Nevada; and Kansas City, Missouri, as the business continues to expand west. The California locations will be led by Sean Casey, SVP and Western Regional Sales Manager, while the Las Vegas and Kansas City branches will be led by Ed Powell, SVP of the Consumer Direct division of Angel Oak Home Loans.
“Potential buyers today face headwinds that make the process of buying a home more difficult, from rising interest rates and inflation to many who remain self-employed in because of the pandemic,” Casey said. “We seek to give these buyers, as well as those with traditional sources of income, premium mortgage products and unparalleled service. Even though borrowers face challenges in the current environment, we want to help ensure that every qualified borrower is able to secure a loan in a timely manner and with the greatest support.
With the new additions, Angel Oak now has 47 branches across the United States
“We pride ourselves on delivering highly customized solutions to our customers directly across the country,” said Powell. “Every potential buyer deserves top-notch service to help them find the right loan product that meets their particular financial needs. The home buying process can be daunting and we are committed to minimizing stress by providing assistance tailored to each client’s unique circumstances and goals.