Ex-MBA Chief Launches Vision Mortgage

Regina M. Lowrie, former chairman of the Mortgage Bankers Association and founder of Gateway Funding, has announced the launch of Vision Mortgage Capital, which she said is "dedicated to meeting America's emerging housing and changing demographic needs."Vision, based in Blue Bell, Pa., will be an operating subsidiary of Lancaster, Pa.-based American Home Bank. Ms. Lowrie has nearly 30 years of experience in the financial services industry, including many years as a senior executive at Commonwealth Federal. Ms. Lowrie founded Gateway Funding in 1994 with seven employees, and by 2005 the company had over 750 employees and revenues of over $100 million, she said. Ms. Lowrie became the first woman to serve as MBA chairman in 2005, and she sold her interest in Gateway in July 2006. "With changing demographics and housing markets, there is a unique opportunity to create a home financing resource that utilizes industry best practices and proven leadership to provide competitive products to underserved markets, as well as provide a solid platform for mortgage banking professionals to build and nurture successful origination practices," Ms. Lowrie said.