NetMore Gets New VP of Operations

NetMore America Inc., a retail and wholesale mortgage banker based in Walla Walla, Wash., has hired Michele Sophia Newsham as its executive vice president, operations. Ms. Newsham brings to this new position over 20 years of national operation management experience within the mortgage industry with a strong focus on process design, efficiency modeling and team building. She will be based at NetMore's operations center in Clackamas, Ore. In her new role, Ms. Newsham is responsible for national operations for wholesale lending and the company's professional branch system. Most recently, she was the vice president, national operations at Senior Lending Network, Melville, N.Y. Before that she was senior vice president, national wholesale operations at American Brokers Conduit, the wholesale unit of American Home Mortgage, Melville. NetMore America funded its first loan in October 2007. Last year, it had volume of $586 million and is expecting to triple that this year. January 2009 mortgage production was over $126 million and for the year, NetMore America is projecting volume of over $1.50 billion.