Ridgeland Mortgage, the joint venture between loanDepot, Inc. and Smith Douglas Homes, announced the appointment of Teresa Carlile as its President on January 9, 2025. Ms. Carlile is a veteran mortgage leader. She will be responsible for leading the business's growth and daily operations.
Her role will focus on providing a smooth and streamlined financing experience for Smith Douglas Homes' customers. This appointment follows the establishment of the joint venture in November 2024. The aim is to integrate mortgage services more closely with home sales.
The leadership appointment is a step towards operationalizing the new mortgage venture. It ensures dedicated management for the financing arm. This move is expected to support Smith Douglas Homes' strategy of offering personalized and affordable-luxury buying experiences.
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