{"id":125407,"date":"2025-04-09T07:00:06","date_gmt":"2025-04-09T11:00:06","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=125407"},"modified":"2025-04-08T17:18:01","modified_gmt":"2025-04-08T21:18:01","slug":"click-n-close-expands-correspondent-lending-sales-team-with-mortgage-industry-veteran-kim-schenck","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/click-n-close-expands-correspondent-lending-sales-team-with-mortgage-industry-veteran-kim-schenck\/","title":{"rendered":"Click n’ Close Expands Correspondent Lending Sales Team with Mortgage Industry Veteran Kim Schenck"},"content":{"rendered":"

ADDISON, Texas, April 9, 2025 (SEND2PRESS NEWSWIRE) —\u00a0Click n\u2019 Close<\/a> (CNC), a multi-state mortgage lender, announced today that Kim Schenck has joined its Correspondent Lending Sales team as Correspondent Manager. In her new role, Schenck will lead the expansion of the company\u2019s proprietary down payment assistance (DPA) program, which plays a key role in helping more borrowers achieve homeownership.<\/p>\n

\"Click
Image caption: Click n’ Close, Inc.<\/em><\/p>\n

\u201cKim\u2019s extensive experience and proven ability to drive results make her an ideal addition to our team,\u201d said Jeff Bode, owner and CEO of Click n\u2019 Close. \u201cHer focus on our DPA program will help us continue delivering innovative, affordable solutions to our partners and borrowers.\u201d<\/p>\n

Schenck brings more than 30 years of experience in mortgage banking, with a strong background in correspondent lending, loan acquisitions and secondary marketing. Her career includes leadership roles at Essex Mortgage, Freedom Mortgage, Bank of America, Greenwich Capital Financial and Sandia Mortgage Corporation, where she built and managed high-performing sales teams, drove strategic growth and developed pricing and rate strategies for large-scale lending operations.<\/p>\n

\u201cI\u2019ve had the pleasure of working with Jeff in previous roles and have always admired his sharp insight and shared commitment to empowering both lenders and homebuyers,\u201d said Schenck. \u201cI\u2019m honored to join such a forward-thinking organization and proud to be part of a winning team.\u201d<\/p>\n

As part of this transition, Click n\u2019 Close\u2019s Managing Director of Correspondent Lending Michael Lima will shift his focus back to the company\u2019s whole loan trading business, a division he was initially hired to lead.<\/p>\n

Lima first joined Click n\u2019 Close – then operating as Mid America Mortgage – shortly after the implementation of the 2016 TILA-RESPA Integrated Disclosure (TRID) rule. Mid America recognized an opportunity as lenders across the country struggled with compliance and were forced to sell affected loans at steep discounts on the scratch-and-dent market. The company entered the space to purchase those loans, resolve the underlying issues and reintroduce them to the market\u2014effectively bringing liquidity where it was desperately needed. Lima was brought in specifically to lead this initiative, leveraging his expertise in capital markets and risk assessment to build a sustainable, scalable secondary market strategy.<\/p>\n

Now, as the mortgage industry faces another period of consolidation and economic uncertainty, Click n\u2019 Close is redoubling its commitment to the whole loan trading space, offering a stable, long-term source of liquidity for lenders navigating an evolving landscape. Amid a post-COVID environment where many lenders have reported financial losses, Click n\u2019 Close has remained financially strong and profitable\u2014a track record the company sees as critical to its value proposition moving forward.<\/p>\n

\u201cClick n\u2019 Close has always leaned into market disruptions as an opportunity to lead with innovation and stability,\u201d said Lima. \u201cMy returned focus to the whole loan trading space will help strengthen the liquidity and reliability our lending partners count on. Our capital markets strategy has always been about fixing what others overlook\u2014and doing it profitably, sustainably and at scale.\u201d<\/p>\n

About Click n\u2019 Close, Inc.<\/strong><\/p>\n

Click n\u2019 Close, Inc., formerly known as Mid America Mortgage, is a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels and is also the nation\u2019s leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click n\u2019 Close has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes.<\/p>\n

Combining this culture of innovation with a risk management mindset enables Click n\u2019 Close to deliver new products to market that address the challenges facing both borrowers and third-party originators (TPOs). These innovations include its USDA one-time close construction loans, proprietary down payment assistance (DPA) program and reverse mortgage division. Its direct relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors afford Click n\u2019 Close direct access to the capital markets, thus ensuring maximum liquidity for its product innovations. By servicing its loan programs in-house, Click n\u2019 Close provides its wholesale and correspondent partners with an additional level of certainty regarding loan salability and superior borrower service over the life of the loan.<\/p>\n

Learn more at https:\/\/www.clicknclose.com\/<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

ADDISON, Texas, April 9, 2025 (SEND2PRESS NEWSWIRE) — Click n’ Close (CNC), a multi-state mortgage lender, announced today that Kim Schenck has joined its Correspondent Lending Sales team as Correspondent Manager. In her new role, Schenck will lead the expansion of the company’s proprietary down payment assistance (DPA) program, which plays a key role in helping more borrowers achieve homeownership.<\/p>\n","protected":false},"author":9356,"featured_media":88609,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,19984,12804,1,38,317,55],"tags":[702,205],"class_list":["post-125407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-addison-business","category-ap","category-business-news","category-finance-news","category-career-news","category-texas-news","tag-correspondent-lending","tag-depthpr","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":3156,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/125407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/9356"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=125407"}],"version-history":[{"count":3,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/125407\/revisions"}],"predecessor-version":[{"id":125412,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/125407\/revisions\/125412"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/88609"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=125407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=125407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=125407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}