Mr. Schwalb is the CEO and Managing Partner of Angel Oak Home Loans (AOHL). He has more than 20 years of experience in financial services, specifically, in residential lending. His primary responsibilities include developing and implementing AOHL’s strategic plan and management oversight of Angel Oak’s lending platforms. He is responsible for maintaining all capital market relationships and has been instrumental in executing growth opportunities for AOHL in agency approvals, servicing and securitization.
Mr. Schwalb also co-founded Angel Oak Mortgage Solutions, a non-agency wholesale and correspondent mortgage lender, and Angel Oak Prime Bridge, a commercial residential lender providing financing solutions for real estate investors. In 2015, Angel Oak originated over $1 billion in mortgages across the lending companies.
He recently played an integral role in Angel Oak’s first securitization of non-prime whole loans, which was a collaborative effort between sister companies Angel Oak Mortgage Solutions, Angel Oak Capital Advisors, LLC and AOHL. The approximate $150 million securitization of Angel Oak originated loans was one of the largest mortgage securitizations since the 2008 financial crisis.
Mr. Schwalb co-founded AOHL in 2011 in an effort to fill the void in residential lending left behind after the financial crisis. Under his leadership, AOHL has broadened its product mix across both agency and non-agency mortgages and they now originate more than $600 million of loans annually.
Prior to Angel Oak, Mr. Schwalb was the Senior Vice President of Capital Markets at SouthStar Funding, a national wholesale mortgage lender specializing in non-agency mortgage products. His primary responsibilities included product development, risk management, operations and investor relations. During Mr. Schwalb’s tenure, he oversaw 135 employees and SouthStar’s monthly production grew from $25 million to $720 million.
Mr. Schwalb frequently serves as a panelist for many industry-related discussions. He holds both a BS in Finance and an MBA from Louisiana State University.
As President of Angel Oak Home Loans, a full service mortgage company headquartered in Atlanta, Georgia, Whitney Fite leads business development and heads sales leadership strategies. Whitney brings over two decades of mortgage and real estate experience to Angel Oak Home Loans and has a history of consistently leading highly productive and profitable sales teams.
Currently focused on the sales and marketing efforts at Angel Oak Home Loans, Whitney guides the company’s growth by concentrating efforts throughout the company’s licensed states. Whitney also emphasizes hiring industry leaders. He looks for and values a commitment to providing opportunity and the absolute best in world-class concierge service. This combined dedication to the client experience and high achievement has helped Whitney and Angel Oak Home Loans stand out against other mortgage origination firms and mortgage industry experts.
Before Angel Oak Home Loans, Whitney served as Area Production Manager at Regions Mortgage, where he managed an in-house sales team with an annual volume over $325 million. Whitney served as Branch Manager at Opteum Mortgage, where he grew the Buckhead location from scratch. There he built up a staff of 30 and closed an annual loan volume of over $500 million in just six years. Whitney was also a loan officer at HomeBanc where he consistently was ranked as a top 5 originator in Georgia. Whitney’s career started at the Fidelity Group where he took several initiatives. He helped in creating new sales infrastructures for a top 10 bank holding company, two start-ups, and three company acquisitions, and assisted in the development and execution of several expansion initiatives.
Whitney, a native Atlanta resident, graduated from the University of Georgia and currently resides in Marietta with his wife, Laura, and their three children.
Bio coming soon.
Commanding over 26 years of experience, Richard is a veteran in the home lending industry. The relatable approach he takes with his clients garnered him much success throughout his career. Richard consistently performs among the top producers wherever he works and was recently named a Top 200 Originator in Mortgage Originator Magazine. His ability to integrate technology while keeping the mortgage loan process personal makes the mortgage experience quick and seamless while remaining catered to the individual client’s needs.
Richard serves as Chief Production Officer at Angel Oak Home Loans, managing over $1 billion in production. He focuses on strategic planning, market analysis, and business development. Richard also strongly emphasizes the development and recruiting of talent, aiming to assemble the finest team in the mortgage industry. It is this focus that allows Angel Oak to provide a client-experience orientated sales culture.
Prior to Angel Oak Home Loans, Richard served as the Director of Retail Sales at CBC National Bank and as Partner at Covenant Mortgage. Richard began his career at HomeBanc Mortgage Corporation, where he quickly proved a top mortgage originator. At HomeBanc, Richard served 900 clients annually and closed $163 million in residential mortgages. As a result, Richard became Vice President and Producing Area Sales Manager in 2001, and Senior Vice President of Regional Sales in 2003, where he led a 300 person team and oversaw $3 billion in loan origination.
Richard sees Angel Oak Home Loans as an opportunity: one to help build a mortgage company owned and operated by its associates. His passion was to develop a long-term culture that cared about its clients. The Angel Oak Home Loans company mission, to serve others before self, is a simple but important representation of Richard’s values and way of thinking. Richard is an alumnus of the University of Georgia and a passionate supporter for the American Cancer Society. He and his wife raise their two sons and are actively involved in coaching.