Prospect Mortgage Names Amy Brandt as Chief Operating Officer

SHERMAN OAKS, Calif., July 25, 2013 /PRNewswire/ -- Prospect Mortgage, LLC ("Prospect" or the "Company") has named veteran mortgage finance professional Amy Brandt as Chief Operating Officer. In her new role, Ms. Brandt will oversee all aspects of the Company's operations, including Information Technology, Operations, Credit, Capital Markets, Training, Project Management, Analytics, Post Closing/Funding and Servicing.

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"Amy understands how to build a successful business and she will now play a critical role in guiding the growth of our operations platform," said Prospect Mortgage CEO Ron Bergum. "This new role will let her fully utilize her strengths as we continue to establish our position as an industry leader. It represents another step in the growth of our Company and a significant expansion of the breadth and depth of the talent in our Executive Leadership Team."

Ms. Brandt joined Prospect Mortgage in 2012 as President of Correspondent Lending and Servicing, where she led an expansion of the company's national correspondent lending and loan servicing capabilities. Prior to joining Prospect, Ms. Brandt led the growth and development of numerous financial services firms. She served as CEO of Vantium Capital, Inc., which she formed in 2007 with Apollo L.P., a leading private equity firm. Her 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, she served as WMC's EVP, Loan Production.

Prospect Mortgage is a top-10 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, LLC

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