Teresa Carlile Appointed President of Ridgeland Mortgage
loanDepot (NYSE: LDI) and Smith Douglas Homes have appointed Teresa Carlile as president of their newly formed joint venture, Ridgeland Mortgage. With over 25 years of leadership experience in the mortgage industry, particularly in the Atlanta area, Carlile will lead the business' growth and daily operations.
The joint venture aims to provide financing solutions for Smith Douglas Homes' customers, combining the homebuilder's focus on quality homes at competitive prices with loanDepot's lending expertise. Ridgeland Mortgage plans to operate in multiple markets across the Southeast and Texas, including Atlanta, Houston, Birmingham, Charlotte, Chattanooga, and other major cities.
loanDepot (NYSE: LDI) e Smith Douglas Homes hanno nominato Teresa Carlile come presidente della loro nuova joint venture, Ridgeland Mortgage. Con oltre 25 anni di esperienza nella leadership nel settore dei mutui, in particolare nell'area di Atlanta, Carlile guiderà la crescita e le operazioni quotidiane dell'azienda.
La joint venture mira a fornire soluzioni di finanziamento per i clienti di Smith Douglas Homes, unendo l'attenzione del costruttore di case sulla qualità delle abitazioni a prezzi competitivi con l'esperienza di prestito di loanDepot. Ridgeland Mortgage prevede di operare in molteplici mercati nel sud-est e in Texas, comprese Atlanta, Houston, Birmingham, Charlotte, Chattanooga e altre grande città.
loanDepot (NYSE: LDI) y Smith Douglas Homes han nombrado a Teresa Carlile como presidenta de su nueva empresa conjunta, Ridgeland Mortgage. Con más de 25 años de experiencia en liderazgo en la industria hipotecaria, particularmente en el área de Atlanta, Carlile liderará el crecimiento y las operaciones diarias del negocio.
La empresa conjunta tiene como objetivo proporcionar soluciones de financiamiento para los clientes de Smith Douglas Homes, combinando el enfoque del constructor de casas en viviendas de calidad a precios competitivos con la experiencia de préstamo de loanDepot. Ridgeland Mortgage planea operar en múltiples mercados a través del sureste y Texas, incluyendo Atlanta, Houston, Birmingham, Charlotte, Chattanooga y otras ciudades principales.
loanDepot (NYSE: LDI)와 Smith Douglas Homes가 Teresa Carlile을 새로 설립된 합작 회사 Ridgeland Mortgage의 사장으로 임명했습니다. 애틀랜타 지역에서 25년 이상의 리더십 경험을 가진 Carlile은 회사의 성장과 일상 운영을 이끌 것입니다.
이번 합작 회사는 Smith Douglas Homes 고객을 위한 자금 조달 솔루션을 제공하는 것을 목표로 하며, 주택 건설업체의 경쟁력 있는 가격의 품질 높은 주택에 대한 집중과 loanDepot의 대출 전문 지식을 결합합니다. Ridgeland Mortgage는 애틀랜타, 휴스턴, 버밍햄, 샬럿, 채태누가 및 기타 주요 도시를 포함한 남동부 및 텍사스의 여러 시장에서 운영할 계획입니다.
loanDepot (NYSE: LDI) et Smith Douglas Homes ont nommé Teresa Carlile présidente de leur nouvelle coentreprise, Ridgeland Mortgage. Forte de plus de 25 ans d'expérience en leadership dans le secteur des prêts hypothécaires, notamment dans la région d'Atlanta, Carlile dirigera la croissance et les opérations quotidiennes de l'entreprise.
La coentreprise vise à offrir des solutions de financement pour les clients de Smith Douglas Homes, en combinant l'accent mis par le constructeur sur des maisons de qualité à des prix compétitifs avec l'expertise en prêts de loanDepot. Ridgeland Mortgage prévoit d'opérer sur plusieurs marchés dans le Sud-Est et au Texas, notamment Atlanta, Houston, Birmingham, Charlotte, Chattanooga et d'autres grandes villes.
loanDepot (NYSE: LDI) und Smith Douglas Homes haben Teresa Carlile zur Präsidentin ihres neu gegründeten Joint Ventures Ridgeland Mortgage ernannt. Mit über 25 Jahren Führungserfahrung in der Hypothekenbranche, insbesondere im Raum Atlanta, wird Carlile das Wachstum und die täglichen Abläufe des Unternehmens leiten.
Das Joint Venture zielt darauf ab, Finanzierungslösungen für die Kunden von Smith Douglas Homes anzubieten, indem der Fokus des Wohnbauunternehmens auf qualitativ hochwertigen Häusern zu wettbewerbsfähigen Preisen mit der Kreditvergabe-Expertise von loanDepot kombiniert wird. Ridgeland Mortgage plant, in mehreren Märkten im Südosten und Texas zu operieren, darunter Atlanta, Houston, Birmingham, Charlotte, Chattanooga und andere große Städte.
- Strategic joint venture with Smith Douglas Homes expands LDI's presence in purchase mortgage market
- Partnership with nation's 36th largest homebuilder provides steady customer pipeline
- Geographic expansion into multiple high-growth markets across Southeast and Texas
- None.
Insights
The appointment of Teresa Carlile as president of Ridgeland Mortgage marks a strategic expansion in the purchase mortgage market through a calculated joint venture between loanDepot and Smith Douglas Homes. This partnership combines loanDepot's mortgage expertise with Smith Douglas Homes' position as the 36th largest homebuilder, creating potential synergies in high-growth markets across the Southeast and Texas. The venture targets seven major metropolitan areas with strong housing demand, including Atlanta, Houston and Charlotte.
The strategic value lies in vertical integration - Smith Douglas Homes can now offer in-house financing solutions, potentially increasing capture rate and profit margins while streamlining the homebuying process. For loanDepot, this provides guaranteed mortgage origination volume in a challenging market environment. Carlile's 25-year experience in Atlanta, a key growth market, suggests targeted regional expertise that could accelerate market penetration.
The partnership's focus on "high quality homes at attractive prices" positions it well in the current market where affordability remains a key concern. This strategic alignment could provide both companies with competitive advantages in their respective markets while creating operational efficiencies.
The formation of Ridgeland Mortgage represents a calculated response to current market conditions where purchase mortgages are increasingly important amid reduced refinancing activity. The joint venture model typically allows for higher margins compared to traditional retail mortgage operations, as it captures business at the point of sale. With Smith Douglas Homes' presence in rapidly growing Sunbelt markets, this venture could provide loanDepot with a steady pipeline of purchase mortgage opportunities.
Carlile's deep experience with builder relationships and complex mortgage guidelines positions the venture to potentially optimize conversion rates and operational efficiency. The focus on multiple high-growth markets across the Southeast and Texas indicates a strategic approach to geographic diversification while maintaining regional expertise. This could help buffer against local market fluctuations while capitalizing on broader Sunbelt migration trends.
Mortgage industry veteran to lead newly formed joint venture between loanDepot and Smith Douglas Homes
“Teresa is a trusted leader in the mortgage industry, and as our first key hire, she’s an exceptional addition to the Ridgeland Mortgage team,” said Dan Peña, executive vice president of national joint ventures for loanDepot. “With experience across all areas of the business, she brings a wealth of knowledge about mortgage products, complex guidelines, and operations, positioning her as the ideal leader to guide our team in delivering a best-in-class customer experience.”
With more than 25 years of leadership experience in the mortgage industry—notably in the
“As we navigate the early growth stages of Ridgeland Mortgage, we are confident that Teresa’s ability to tackle complex challenges, connect with and inspire others, and foster collaboration will be instrumental to the success of the business,” said Greg Bennett, chief executive officer of Smith Douglas Homes. “She is dedicated to building a strong, cohesive team culture, and we’re excited to see her bring that commitment to life with our team.”
The Ridgeland Mortgage joint venture supports Smith Douglas Homes’ continued growth and success while expanding loanDepot’s footprint in the purchase mortgage market. It pairs Smith Douglas Homes’ focus on building high quality homes at attractive prices in growing markets with loanDepot's lending industry expertise and best-in-class platform. As Ridgeland Mortgage grows, the company plans to operate in the following markets:
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Atlanta and Central GA -
Houston, TX -
Birmingham andHuntsville, AL -
Charlotte andRaleigh, NC -
Chattanooga andNashville, TN
“Much like the mission of Ridgeland Mortgage, I have dedicated my career to supporting families in achieving their homeownership goals, and I look forward to leading our team to success with a contagious sense of purpose and passion,” said Carlile.
About loanDepot
At loanDepot (NYSE: LDI), we know home means everything. That’s why we are on a mission to support homeowners with a suite of products and services that fuel the American Dream. Our portfolio of digital-first home purchase, home refinance and home equity lending products make homeownership more accessible, achievable, and rewarding, especially for the increasingly diverse communities of first-time homebuyers we serve. Headquartered in
About Smith Douglas Homes
Headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250109008163/en/
Media Contact:
Jonathan Fine
VP, Public Relations
(781) 248-3963
jfine@loandepot.com
Smith Douglas Homes Investor Relations Contact:
Joe Thomas
SVP of Accounting & Finance
investors@smithdouglas.com
Source: loanDepot, Inc.
FAQ
What markets will Ridgeland Mortgage, LDI's new joint venture, operate in?
How will the Ridgeland Mortgage joint venture benefit LDI shareholders?
What experience does Teresa Carlile bring to Ridgeland Mortgage as president?
How does the Smith Douglas Homes partnership align with LDI's business strategy?
