Citywide Home Loans named John Cady as its new president, the company announced in a press release.
Cady brings more than three decades of mortgage industry experience, having held senior leadership positions at Cardinal Financial Company and Mountain West Financial prior to joining Citywide.
His other experience includes high-level roles at Bay Equity, Stearns Lending, and PrimeLending.
“I’m incredibly pleased to be joining Citywide Home Loans. The company is the perfect mix of culture, service, and programs that many mortgage professionals have been looking for. I believe we’re in a position to pick up market share throughout the country,” Cady said.
He noted that Citywide’s entrepreneurial relationships with origination partners, offering collaborative perks like tools, technology, training, and pricing.
“We help build habits that will stay with the loan officer the rest of their career. We’re especially proud to have seen an increase of over 40% in production.”
Cady has been recognized as one of National Mortgage Professional’s 2023 Most Connected Mortgage Professionals, as well as being ranked among NMP’s 2023 Titans of Industry and Legends of Lending.
Utah-based Citywide Home Loans was founded in 1998 and currently operates 55 offices in 36 states. In 2021, the lender partnered with Guaranteed Rate to launch a charter branch model that allows branch owners to manage and brand their businesses according to their communities.
The announcement comes on the heels of a data breach settlement regarding compromised personal employee information from 2020. In July, Citywide agreed to pay $1.2 million without admitting fault for the breach.
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