Marc Hernandez is the new president of Alterra Home Loans LLC, an independent mortgage bank headquartered in Nevada, the company announced Thursday.
Former president and Co-Founder Jason Madiedo appointed Hernandez due to his leadership and contributions as Alterra’s executive vice president of retail lending, according to a press release from the company.
“Marc’s a by-product of our culture and a prime example of our commitment to professional growth and grooming our leaders so they can be promoted from within. He knows the mortgage business well, but more importantly, he knows the people side of the business and excels at working well with a wide range of personalities,” said Madiedo.
Hernandez joined Alterra in 2015 when he established a branch in Chicago. He later moved into a divisional leadership position overseeing Alterra’s East Coast production where he was instrumental in driving results for the company. He has 17 years of mortgage industry experience in both sales and operations, including roles at Countrywide, Bank of America, and Huntington Bank. He holds a Bachelor of Science in Information Systems from the University of Notre Dame.
Alterra Home Loans is a minority-owned, Nevada-based retail lender that provides mortgage loans and refinancing services to new and existing homeowners.