Atlantic Bay Mortgage Group recently hired Gregory S. Richardson as its new Chief Revenue Officer (CRO). He will now lead the enterprise revenue strategy for the firm. This role focuses on alignment across production and capital markets. It also covers product development and investor relationships.
“Greg is a highly respected leader in mortgage banking and capital markets, and we are excited to welcome him to Atlantic Bay,” shared Brian Holland, Founder and Chief Executive Officer of Atlantic Bay Mortgage Group.
Seasoned Leadership for Market Expansion
Richardson brings over 35 years of leadership experience in mortgage banking and capital markets. He previously served as Executive Vice President of Capital Markets at Primis Mortgage. During his tenure there, the company grew annual originations by approximately 500 percent. He also held senior roles at MAXEX, Movement Mortgage, and AltaMira Mortgage Partners. At Movement Mortgage, he managed a $13 billion annual mortgage pipeline. Furthermore, he managed a $35 billion residential mortgage portfolio at Wachovia Corporation.
His expertise is essential for the long-term market expansion of the company. He will oversee secondary marketing and pricing strategy. His work includes pipeline hedging and strengthening investor relationships. This move marks a major step for the Virginia Beach-based lender.
“His deep experience managing large mortgage portfolios, leading capital markets teams, and building strong relationships with institutional investors will play an important role as we continue expanding our production platform and delivering disciplined growth across the organization,” Holland added.
The company remains a privately held lender founded in 1996. It offers various residential products, including FHA and VA loans. Richardson will work closely with the executive team to support future growth. His background in capital markets ensures a disciplined approach to organizational expansion. These efforts aim to deliver more value to customers and partners.
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News Source: PRNewswire.com
