Castle Mortgage Corporation, a Delaware Corporation doing business as Excelerate Capital (“Excelerate” or the “Company”) has announced the promotion of Thomas Yoon to Chief Executive Officer, effective December 3, 2021. Mr. Yoon will now serve as CEO and President as he leads the Company to its next growth level.
Mike Thompson, who will continue as Board Chairman of the Company, stated that, “Thomas’ appointment to CEO is a critical step in the execution of Excelerate’s strategic plan to drive $5 billion in origination volume during 2022 and take its well-earned position as a national leader inNonQM lending. Thomas has a clear vision for the future and a strong strategic perspective. He also has an innate ability to foster a culture of collaboration and builds enduring partnerships with clients and colleagues alike, earning their trust and loyalty”.
Outlining his vision for the Company, Mr. Yoon underscored plans to evolve Excelerate from highly successful regional lender to a top-of-mind NonQM mortgage bank on the national stage, lending in 47 states. He further noted that while the Company continues to contribute heavily to RMBS pools in the capital markets, he expects Excelerate to also begin issuing its own NonQM securitizations during the coming year with increased focus on growing its servicing portfolio. Thomas has been the prime mover in establishing the Company as an origination leader in the Non-QM space. He has a strong background in strategic planning, sales management, credit administration, and operational processes.
About Excelerate Capital
Excelerate Capital is a registered DBA of Castle Mortgage Corporation; NMLS # 61382; Equal Housing Lender. Castle Mortgage Corporation is a privately-held nationwide full-service wholesale and retail residential mortgage banking company headquartered in Newport Beach, California. The Company is an industry leader in direct NonQM origination. The Company also provides a full range of QM financing and maintains Fannie Mae Seller-Servicer, Freddie Mac Seller-Servicer, GNMA Issuer, FHA-HUD Approved Mortgagee, USDA and Veterans Administration approvals.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Additional information about Excelerate and its line of wholesale and retail mortgage products can be found at www.exceleratecapital.com.