Last updated on May 15th, 2022 at 09:20 am
Mortgage Data Management Corp. (MDMC), a Sussex-based mortgage loan analysis firm that provides due diligence and agency delivery services, recently announced that its revenues grew 28 percent in 2006.
To meet the growing demand, the company has opened an additional operations center and significantly increased its number of employees. MDMC reviews a variety of newly originated mortgage loans and seasoned bank portfolios.
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“The past year was very significant for MDMC in terms of our growth in both revenue and capacity,” said Kent Loehrke, principal for MDMC. “We completed a number of jobs of 3,000 loans or more for several top 10 Wall Street investment firms. In 2006, we increased our capacity by 460 percent in our centralized underwriting facility and we also created a quality control module as part of our continued commitment to maintaining a high level of quality.”
To accommodate the growth, MDMC has added an operations center in Las Vegas.
MDMC also added several key executives. One of the additions is Gregory Richardson, who joined MDMC as the managing director of business development and strategic planning. Richardson oversees new and existing client relationships while developing and maintaining all marketing efforts. He is a former senior vice president for Wachovia Corp., where he managed a $35 billion residential loan portfolio for interest rate, credit and liquidity risk.
“We worked with Greg during his tenure at Wachovia and he has the extensive industry expertise to guide MDMC through this critical time of growth and change,” said Doug Lackey, principal for MDMC. “He has been able to leverage both his experience and existing relationships as a former banker and trader to put the company in a position to continue to expand our client base.”
Kyle Hanson has joined MDMC as finance and administration director. In his newly created role, Hanson is responsible for managing all aspects of MDMC’s finance and accounting, human resources and benefits administration, off-site staffing and management reporting. Hanson spent the past nine years at Kohl’s Department Stores, where he had management positions in corporate finance, sales audit and accounts payable.
Danielle Dirksen has been tapped to lead MDMC’s human resources department. Dirksen comes to MDMC from Wheaton Franciscan Healthcare, where she facilitated recruiting, employee relations and policies and procedures issues. She now serves as a resource for MDMC employees regarding human resources questions and issues.
“We’re very excited to have both Kyle and Danielle join us at MDMC,” Loehrke added. “Kyle’s previous experience implementing new financial systems will help guide us through a major system conversion and Danielle’s role working with multiple hospitals at Wheaton gives her the tools we need in dealing with multiple operations centers and traveling contractors.”
MDMC has more than 250 employees and contractors located in its Sussex headquarters, the Las Vegas operations center and traveling contractors who conduct on-site due diligence reviews.