GMH Mortgage of Newtown Square, PA Proudly Announces Joseph Macchione as CEO

NEWTOWN SQUARE, Pa., May 31, 2012 /PRNewswire/ -- GMH Mortgage Services LLC, a nationally recognized Mortgage Banker, headquartered in Newtown Square, PA, is pleased to announce the addition of Joseph Macchione as Chief Executive Officer. Mr. Macchione will also continue his responsibilities as Chief Operating Officer of GMH Associates, the parent company to GMH Capital Partners and GMH Ventures.

"Joe's ability to immediately analyze a situation, implement  strategy, mobilize personnel and execute on a wide array of different topics make him the ideal CEO for GMH Mortgage," stated Gary Holloway Sr, Founder and President of GMH Associates. "Joe has been with GMH for more than a decade, and has intimate knowledge of each of our core businesses, the direction we want to take them, and our high standards and expectations. We expect that his leadership will allow us to strategically expand our retail origination platform while enhancing and improving our support systems for our branch managers and loan officers," finished Holloway.

Mr. Macchione's extensive background brings a wealth of diverse business and management experience. For the past few years, Mr. Macchione has served as Chief Operating Officer of GMH Associates, Inc.,  and he served as executive vice president, general counsel and secretary of GMH Communities Trust from 2004 until June 2008, when it was merged into American Campus Communities, Inc. Prior to that, Mr. Macchione served as general counsel for GMH Capital Partners LLC, formerly a joint venture between Gary Holloway and GE Capital Corporation, which focused on global corporate real estate services. Previously, Mr. Macchione was also a board member of American Campus Communities headquartered in Austin Texas. Mr. Macchione was an attorney with Morgan Lewis & Bockius as well as Ballard Spahr Andrews & Ingersoll in Philadelphia, where his practice focused on commercial real estate joint ventures, acquisitions and disposition strategies, as well as zoning, land use and construction and environmental law.

Mr. Macchione is a member of the American Bar Association, Pennsylvania Bar Association as well as the Philadelphia Bar Association, where he served as the Executive Committee member and Co-Editor of the Philadelphia Bar Newsletter. Mr. Macchione was named to the National Register's Who's Who in Executives and Professionals in 2005. He received his undergraduate degree from Temple University, where he graduated summa cum laude.

"We already have a strong network of experienced and dedicated professionals in place at GMH Mortgage," explained Macchione. "My goal is to immediately leverage that experience into new opportunities for us to expand our retail sales origination platform and enhance our line of product offerings which will ultimately benefit all of our customers. We have a very viable opportunity to transform GMH Mortgage from a regional, mid-market organization into a robust, national entity," continued Macchione. "With the large number of players exiting the mortgage origination space, given the strength of our balance sheet and the foundation we have built at GMH Mortgage, we believe we are well positioned for accretive growth," finished Macchione.

GMH Mortgage is currently licensed in 14 states including CA, CT, DE, FL, ME, MD, MA, NH, NJ, NC, PA, SC, TX and VA, and is aggressively seeking branch managers and loan officers to their team. Interested parties should contact Ski Swiatkowski at [email protected].

About GMH Mortgage:
GMH Mortgage Services, "The Gold Standard Of Mortgage Banking"  is a full service Mortgage Banker, with 14 locations around the country, headquartered in Newtown Square, PA. Utilizing in‐house underwriting and funding of mortgage loans, GMH strives to provide quality loan products, competitive rates, and outstanding customer service to all clients.

SOURCE GMH Mortgage Services

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