Execs tapped to manage East, West, and Southeast divisions in bid to expand loan officer recruitment and branch support
New American Funding (NAF) has restructured leadership within its retail division, appointing executives to oversee operations across the United States as the company works to strengthen its national sales force.
Tony Blodgett will lead retail operations in the Western US, while Andy Pettola will take charge of the Eastern US Both report to chief production officer Pat Bolan, who continues to head NAF’s retail and reverse mortgage businesses. The leadership team now oversees more than 270 branches and nearly 1,400 loan officers and branch managers nationwide.
Blodgett, executive vice president of national retail sales – West, will continue managing the North Mid-West Division. Milt Karavites, divisional executive vice president for the Mountain and South, now reports directly to him.
Pettola, executive vice president of national retail sales – East, remains responsible for the Northeast and Southeast Divisions. Elly Cummings, divisional executive vice president for the Great Lakes, Florida, and Puerto Rico, now reports to Pettola. Tom Boyd and Russell Calvert will continue to co-lead the Texas division under Pettola’s oversight.
The changes are part of a strategic push to build out retail sales strategies and expand the company’s loan officer base in a competitive market.
"Tony and Andy have consistently demonstrated a forward-thinking approach to growth, driving NAF's expansion and significantly increasing our market share over the past few years," Bolan said in a Press release. "Their leadership and strategic vision have been crucial to our success, and I have every confidence that they will continue to propel our growth, further solidifying NAF's position as a leader in the retail mortgage landscape."
Last week, NAF also named Chris Shelton as divisional executive vice president for the Southeast. Shelton is tasked with overseeing sales across Georgia, Kentucky, North Carolina, South Carolina, Tennessee, and Virginia.
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Shelton most recently led East Coast sales at Summit Funding. Prior to that, he spent nearly 12 years at Movement Mortgage, where he oversaw a team of more than 1,200 loan officers and helped originate $12 billion annually.
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