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Michael Brennan Takes Charge at Nationwide Mortgage Bankers

In a significant move within the mortgage industry, Nationwide Mortgage Bankers Inc. (also known as NMBNOW) has appointed Michael Brennan as its new president of sales and operations. This decision marks a pivotal moment for the company, known for its rapid growth within the United States mortgage sector. With a background steeped in the mortgage industry, Brennan's expertise is expected to propel NMBNOW's objectives to new heights.

Brennan's ascent to the presidency comes after a successful tenure as the president of Movement Mortgage, based in South Carolina. His journey began in 2015 when he served as the Northeast regional director. By 2021, he had taken the reins as president and led the organization through a period of explosive growth, contributing significantly to its workforce expansion to 5,600 employees and achieving an impressive annual loan volume of $33 billion.

Brennan's influence extended beyond figures; he played a crucial role in advancing Movement Mortgage's commitment to social responsibility as an Impact Lender. Here, nearly 49% of profits were reinvested back into local communities to support essential services, including the establishment of charter schools, orphanages, and various local charities. This dedication to community enhancement aligns seamlessly with NMBNOW's values as it seeks to expand its footprint in the mortgage landscape.

During his introductory remarks, Richard Steinberg, the founder and chairman of NMB, expressed his excitement regarding Brennan's appointment. He noted, "Michael Brennan's arrival is hugely significant for building upon the strong foundation we have at NMB and now expanding our services across the nation." This sentiment underscores NMBNOW's ambition to leverage Brennan's leadership to enhance its operational framework.

At NMBNOW, Brennan will oversee a workforce of 500 employees distributed across 29 offices, with licensing in 47 states. His role comes with the responsibility of spearheading NMB's Affinity Platform, which integrates financial wellness benefits via partnerships with organizations nationwide.

With over 25 years of experience in the mortgage lending sector, Brennan is committed to utilizing technology to streamline processes in an industry often criticized for inefficiencies. He emphasizes that the modernization of mortgage lending is imperative, especially in a competitive environment where many organizations pass multiple layers of costs on to clients, rather than offering them savings.

As he steps into this new position, Brennan highlights his eagerness to collaborate with NMB's innovative BuyNOW and e-close platforms—initiatives recognized for their efficiency in reducing turnaround times and enhancing the overall client experience. "I'm extremely excited to join a forward-thinking team so devoted to making the mortgage process as seamless as possible for clients," he remarked. He sees the opportunity to extend NMB’s advanced technology platform to support high-performing loan officers across various U.S. communities.

Brennan is also known for his involvement with various nonprofit organizations. He has partnered with John Maxwell companies like EQUIP Foundation, seeking to empower leaders globally to align with their core values. His passion also extends to nonprofit work with institutions such as Empathy Compassion, International Cooperative Ministries, and the Karis Foundation, focusing on uplifting families, especially in Central and South America.

Underlining its workplace excellence, NMB has consistently ranked within the top 10 of Fortune's Best Small and Medium Workplaces lists over the past five years, achieving the No. 1 position in the Financial Services and Insurance sector in 2022. The company has also received acknowledgment from People Magazine as one of the "Companies That Care." Such accolades reflect NMB's commitment to reinvesting in its workforce during challenging times when many competitors were either downsizing or exiting the market.

Since its establishment in 2011, NMB has aimed at making the mortgage process transparent, accessible, and supportive, positioning itself as a trusted advisor in the home financing journey. For more information about NMBNOW and their offerings, visit NMB NOW's website.

In conclusion, Michael Brennan's leadership at Nationwide Mortgage Bankers Inc. heralds a new chapter of innovation and community engagement, promising a transformative impact on the lives of many homeowners and communities across the nation.