Amy Brandt to Lead Expansion of Prospect Mortgage's Correspondent Lending and Loan Servicing Offerings

SHERMAN OAKS, Calif., Nov. 9, 2012 /PRNewswire/ -- Veteran mortgage finance professional Amy Brandt has joined Prospect Mortgage, LLC ("Prospect" or the "Company") to lead an expansion of the company's correspondent lending and loan servicing capabilities.  Serving as President of Correspondent Lending and Servicing, Ms. Brandt will help build Prospect Mortgage's national correspondent lending platform and expand its loan servicing capabilities.

(Logo: http://photos.prnewswire.com/prnh/20090617/LA34214LOGO-b)

"We see a tremendous opportunity to greatly expand our national correspondent lending platform and build our loan servicing capabilities, filling a void that currently exists in the marketplace and increasing our core competencies," said Prospect Mortgage CEO Ron Bergum.  "Amy knows how to build a successful business. She will play a critical role in guiding the strategy for the implementation and growth of these important segments of our business." 

Ms. Brandt has led the growth and development of numerous financial services firms. Most recently, she served as CEO of Vantium Capital, Inc., which she formed in 2007 with Apollo L.P., a leading private equity firm. Ms. Brandt's previous roles include CEO and President of WMC Mortgage, where she oversaw the growth of loan originations to more than $3 billion per month and led the organization through its eventual sale to GE Money.  Prior to her promotion to CEO in 2003, Ms. Brandt served as the WMC's EVP, Loan Production.

Ms. Brandt received an undergraduate degree from the University of Southern California and a Law Degree from Arizona State University. She has served on numerous industry committees and is a regular speaker at industry events.

Prospect Mortgage is a top ten national home purchase lender offering a full range of quality home loans, including FHA and VA, conventional, jumbo and super jumbo, renovation, and more. It is backed by Sterling Partners, a private equity firm with approximately $5 billion of assets under management and offices in Chicago, Baltimore, and Miami. For more information about Prospect Mortgage, visit www.MyProspectMortgage.com. Visit Prospect on Twitter at www.twitter.com/myprospectmtg and follow the company on Facebook at www.facebook.com/prospectmtg.

SOURCE Prospect Mortgage