Lender announces commitment to alternative space

Lender announces commitment to alternative space

Lender announces commitment to alternative space One trust company is reaffirming its dedication to supporting mortgage brokers with two executive appointments, among them a leading player from another lender.

“I have a very strong understanding of what B-20 did and I can leverage that knowledge to better serve brokers in the growing alternative space,” Gino Tieri, who has been appointed vice president of sales and marketing for Equity Financial Trust told MortgageBrokerNews.ca. “I view Equity as becoming one of the leaders in that space over time.”

Tieri brings with him twenty years of sales and marketing experience.

“After completion of his undergraduate degree in consumer marketing at the University of Guelph in 1992, Gino commenced a long and successful career in sales and marketing with time spent in a diverse set of industries including technology, telecommunications, marketing services, and most recently financial services,” an official release from Equity Financial states. “Gino broke into the mortgage business in 2010 joining MCAP as Vice President National Sales leading origination sales and marketing efforts in the mortgage broker channel. Under Gino's leadership, mortgage broker originations grew from $3.5 billion to over $5 billion annually.”

Along with Tieri, Lorraine Sato was appointed vice president of mortgage operations.

“Lorraine has been a leader in the residential mortgage industry for over 35 years. Lorraine was part of the team that lead CIBC/FirstLine in the 1990’s and was instrumental in leading its growth during those years and in 1999 started the Alt A residential lending department,” the release states. “In 2002 Lorraine left FirstLine after 13 years to start the Canadian underwriting division of GMAC’s Alt A residential lending, developing all lending products, guidelines, policies and procedures and overseeing over $2B in fundings annually over 3 years.”