Castle & Cooke Mortgage, LLC is a prominent independent mortgage lender headquartered in Draper, Utah. Established in 2005, the company has expanded its operations across the United States, offering a comprehensive suite of home loan products and services.
Background
Founded in 2005, Castle & Cooke Mortgage has grown into a leading independent mortgage lender with a presence in 41 states. The company's mission is to create sustainable financial foundations through the benefits of homeownership, while its vision focuses on fulfilling dreams and building successful tomorrows through refreshingly uncomplicated home loan experiences.
Key Strategic Focus
Castle & Cooke Mortgage specializes in providing a diverse range of home loan products, including:
- Conventional Home Loans
- Federally Backed Loan Programs (FHA, VA, USDA)
- HomeReady and Home Possible Loans
- Home Loan Refinancing
- Investor Loans
- Brokered Home Loans
- State-Specific and Other Assistance Programs
- Non-QM Loans
The company emphasizes a customer-centric approach, aiming to provide refreshingly uncomplicated home loan experiences. By employing high-caliber talent, including in-house processors and underwriters, Castle & Cooke Mortgage ensures dependable service tailored to clients' goals.
Financials and Funding
As a privately held company, specific financial details and funding history are not publicly disclosed. However, Castle & Cooke Mortgage has demonstrated consistent growth and stability in the mortgage lending industry since its inception.
Technological Platform and Innovation
Castle & Cooke Mortgage leverages cutting-edge technology to enhance the mortgage process, including:
- Homebot: A home equity reporting tool that provides clients with insights into their property's value and equity.
- Total Expert: An automated marketing platform that enables personalized communication with clients and partners.
- nCino (formerly SimpleNexus): A mobile app that streamlines the loan application and approval process.
- Mobility Market Intelligence: A tool that offers market insights to inform strategic decisions.
These technologies contribute to faster turn times and fewer conditions, making the company twice as efficient as other mortgage companies.
Leadership Team
The executive leadership at Castle & Cooke Mortgage comprises experienced professionals dedicated to guiding the company toward continued success:
- Rick Cardillo: President and CEO with over 33 years of experience in the mortgage industry, having held senior positions at organizations like Morgan Stanley, Bank of America, and Nationstar.
- Jim Modrycki: Senior Vice President of Production, bringing over 25 years of experience in managing mortgage production and operations across various channels.
- Rich Williams: Executive Vice President of Capital Markets.
- Perris Bullard: Senior Vice President of Credit Risk, with a background in underwriting and credit operations since 2002.
- Colleen Fisher: Senior Vice President of Operations, overseeing all mortgage operations departments with 20 years of industry experience.
- Samantha Bateman: Senior Vice President of Compliance.
- Scott Gonzalez: Chief Financial Officer, overseeing finance, accounting, IT, servicing, and facilities departments, with a background in financial assurance services at KPMG.
- Katie Evans: Vice President of Human Resources, focusing on employee experience, recruitment, and retention, with prior experience at Nordstrom, Inc.
Competitor Profile
In the competitive mortgage lending industry, Castle & Cooke Mortgage faces competition from several key players:
- AmCap Mortgage: A mortgage lender with approximately 307 employees and a revenue of $23.8 million.
- Prime Choice Funding: A mortgage company with around 137 employees and a revenue of $31.5 million.
- MortgageOne: A mortgage lender with about 98 employees and a revenue of $6.8 million.
Strategic Collaborations and Partnerships
Castle & Cooke Mortgage has established partnerships with industry-leading mortgage technology companies to enhance its service offerings, including:
- Homebot: Provides clients with insights into their property's value and equity.
- Total Expert: Enables personalized communication with clients and partners.
- nCino (formerly SimpleNexus): Streamlines the loan application and approval process through a mobile app.
- Mobility Market Intelligence: Offers market insights to inform strategic decisions.
Operational Insights
Castle & Cooke Mortgage's strategic focus on customer-centric services, technological innovation, and a diverse range of loan products positions the company competitively in the mortgage lending industry. Its emphasis on efficient operations and high-quality service delivery contributes to its strong market presence.
Strategic Opportunities and Future Directions
Looking ahead, Castle & Cooke Mortgage aims to continue expanding its market reach, enhancing technological capabilities, and maintaining a strong focus on customer satisfaction. By leveraging its current strengths and exploring new opportunities, the company is well-positioned to achieve its future objectives in the evolving mortgage industry.
