Weststar Mortgage Corporation Appoints Matt Teskey as Vice President of Correspondent Lending

Oct. 25, 2011 - PRLog -- Teskey has more than 15 years experience in mortgage banking.  Most recently, he served as the Managing Director for Superior Mortgage Services, LLC. Teskey played an integral role in the firm’s operational management, policy and process development, systems management, regulatory compliance, loss mitigation and strategic planning. He also headed the sales management team for their six branches and 25 originators operating in two states.

Teskey is a recognized leader in the industry and currently serves as the President for New Mexico Mortgage Lenders Association. In 2009, he was one of the key industry delegates dispatched by the association to work with the New Mexico Legislature alongside the Financial Institutions Division, the Attorney General’s office and various consumer advocates to help negotiate, lobby and pass SB342; an omnibus bill that enacted the New Mexico Loan Officer Licensing Act (NM S.A.F.E. Act) and amended both the Home Loan Protection Act and the Mortgage Loan Company Act.

The correspondent division, started in October of 2010, offers both delegated and non-delegated options with the option of a warehouse line for their customers.  The division plays a key role in Weststar’s plans for expansion and will directly contribute to their growth.

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Weststar Mortgage Corporation, founded in 1983, is a direct lender that specializes in tailoring solutions that traditional lenders and banks consider outside-the-box. Weststar currently services over $1 Billion in privately held mortgages, is a GNMA Issuer, FNMA seller/servicer and an FHA Direct Endorsed lender with in-house underwriting.

Visit http://www.weststarcorrespondent.com