Positive positioning for future expansion.

National Mortgage Company (nmc) has recently announced the appointment of new CEO, Angelo Malizis. With vast industry experience, Mr Malizis has provided management consulting services for Firstfolio, was the former CEO for Wizard, and has held a number of senior roles within banks, wholesale funders and mortgage managers.

Mr Malizis’ knowledge and understanding of the field will be leveraged to drive “an aggressive multi-channel growth strategy”, which will focus on white label and generic mortgage manager funding programs.

Upon speaking with Australian Broker News, nmc’s head of wholesale mortgages Sergio Delvescovo said the business was ramping up its white label product and service offering, which includes servicing to products such as the newly launched Connective Home Loans.

In addition, Mr Delvescovo said it was setting up a mortgage manager funding line, which would provide smaller mortgage managers access to funding from funders including ING Direct and Adelaide Bank.

Mr Malizis has said of the appointment; "I am very excited about the future. nmc (who have settled over $4B in loans) have an outstanding origination servicing platform with state of the art workflow processing systems.”

nmc has developed an effective, balanced processing system, whereby automation and timely personal interaction with clients has lead to year-on-year growth and success. The business reports top tier industry standards across conversion rates, processing times, run-off rate and arrears performance; providing nmc with a strong market proposition and a favourable industry reputation. The appointment of new CEO Angelo Malizis will put nmc in a positive position as they expand their service offering and market penetration.

Malizis replaces owner and former CEO Steve Dover, who has moved into an executive chairman role.