Equity Prime Mortgage Appoints New Chief Sales Officer Amid Leadership Transition

Equity Prime Mortgage (EPM) has announced significant changes in its senior leadership, marking a pivotal moment in its history as it elevates Kenny Phillips to the role of chief sales officer, succeeding the late Kevin DeLory. This change comes alongside the impending retirement of James Minghini, who has been instrumental in the company’s compliance leadership for over 30 years.

Founded in 2008 and headquartered in Atlanta, Georgia, EPM has grown into a prominent independent mortgage lender. The company is recognized not only for its innovative mortgage solutions but also for its commitment to serving an underrepresented demographic: first-generation American homebuyers. EPM's dedication to accessible homeownership shines through its various initiatives and partnerships, particularly through its subsidiary, Empower Mortgage.

Kenny Phillips joined EPM in 2021 as Senior Vice President of Lending for the East and has since made significant contributions to the company. With nearly three decades of experience in the mortgage-lending field, Phillips is well-prepared to lead EPM’s sales efforts. In his new position, he will oversee wholesale lending operations, product strategy, and partner relations, ensuring that the company continues to provide exceptional service and solutions for its clients.

In a statement, Eddy Perez, the founder and CEO of EPM, expressed full confidence in Phillips's ability to assume this important role. "Kenny is stepping into the large shoes left by our late friend and colleague, Kevin DeLory. Kevin's insights and unwavering dedication have genuinely shaped the foundation of our company. I am confident that Kenny will build on that legacy," Perez remarked. The sentiment was echoed by Phillips, who expressed both pride and a sense of responsibility in taking over from DeLory.

"I am honored to continue the mission that Kevin started and ensure that his legacy remains a part of EPM's future. Although this transition is bittersweet, I carry with me the vision we shared of growing EPM together," Phillips added. His commitment to honoring DeLory's memory is reflected in his objective to foster innovation and enhance service at EPM, which he believes leads to a lasting impact on clients and the broader mortgage industry.

Meanwhile, James Minghini’s retirement after more than three decades of service represents the end of an era. Having joined EPM in 2013, Minghini made substantial contributions to compliance and regulatory frameworks, paving the way for a culture rooted in values and integrity. Prior to EPM, he served in various compliance roles, gaining a wealth of expertise that proved invaluable to the company's growth. Reflecting on his journey, Minghini stated, "I am proud of what we have accomplished together at EPM, and I believe the organization’s future is bright. The current leadership’s dedication to unifying the industry for collective success is inspiring."

Minghini’s effective leadership has not only streamlined EPM’s operations but has also reinforced a culture of compliance that resonates across the organization. As he prepares to depart, he leaves behind a strong and established foundation that will benefit EPM in its future endeavors.

As EPM continues to innovate and expand its offerings, it remains committed to its core values of empathy, empowerment, and education. The company is fully licensed in all 50 states, ensuring it can extend its mission of empowering homeownership for all, particularly for first-generation American families.

Looking forward, the new leadership is enthusiastic about pushing the boundaries of service excellence. Phil Mancuso, EPM's president and chief investment officer, highlighted the importance of collaboration and innovation in achieving this goal. He acknowledged both Phillips and Minghini's impact on the company, stating, "Kevin inspired us to dream bigger, and I am excited to move forward with Kenny. Together, we will continue to redefine and enhance the experience for our clients."

In conclusion, EPM is stepping into a promising future with leaders who are committed not only to honoring those who came before them but also to creating new pathways for success in the mortgage industry. As they embark on this new chapter, both Phillips and Mancuso are determined to uphold the legacy of their predecessors while implementing their vision for a collaborative and innovative business model. For more information about EPM’s services and commitment to the community, visit www.epm.net.

Topics Financial Services & Investing)

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