RED Mortgage Capital has appointed Scott Croul senior managing director and head of small-balance originations as part of its overall growth and product-diversification strategy.
In his new role, Croul will work to grow RED Mortgage’s national Freddie Mac and Fannie Mae small-balance lending platform and position its small-balance loan group into an industry leader. He assumed his role on Feb. 12.
“We continue to execute on our growth strategy with the most recent hire of Scott Croul to the firm,” RED Capital Group Chairman and CEO Ted Meylor said. “With his vast industry experience—particularly with Freddie Mac—he is the perfect choice to lead our small-balance loan team and increase RED’s market share.”
RED Mortgage is the mortgage-banking arm of comprehensive capital provider RED Capital Group.
Croul has more than 30 years of mortgage lending experience across all institutional property types. He brings an extensive background in multifamily lending, with expertise in loan origination and strategic growth and leadership, along with deep industry relationships. Earlier at Freddie Mac, Croul was managing director and head of underwriting and credit for the Western region.
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