COLUMBUS, Ohio, June 27,
2024 /PRNewswire/ -- Mortgage fintech Lower® today
announced the addition of Craig
Montgomery as its new Chief Strategy Officer—a key step in
Lower's plan to becoming a top-five national lender.
A 27-year industry veteran, Montgomery brings a proven track
record of smart, strategic growth to build a platform mortgage
originators find attractive. In his previous role, he took part in
driving organizational growth from under $2
billion to over $50 billion in
annual production over a 10-year span. This same drive for success
and empowerment from leadership is what first attracted Lower to
Montgomery in its plans for growing market share.
"Craig is a builder, and a strategic one at that," said
Dan Snyder, Lower CEO and
Co-Founder. "When we talked about our vision for Lower, our aim to
be top five, and how we plan to build the future of mortgage with
an online and offline approach, his eyes lit up. Getting someone
with his experience and proven track record is a big win for the
company."
In his new role at Lower, Montgomery will oversee retail
strategy and expanding the company's tech-driven platform, which
provides origination teams the resources they need to achieve their
goals.
"Lower offers an exceptional team driven by entrepreneurial
spirit, supported by strong institutional backing from Accel,
Veritex, and SoFi. Couple that with a strong balance sheet and
appetite to win, and I couldn't be more excited to get to work,"
said Montgomery. "Every experience in my career has prepared me for
this opportunity, and I'm excited for what this chapter will bring.
My time at CrossCountry Mortgage showed me what's
possible."
Lower's multi-channel, tech-forward approach has been
instrumental in its market share growth. The company recently
reported over 100% year-over-year growth in nearly all metrics and
is poised for continued market share growth.
"The sky is the limit with our team and platform," said
Selene Kellam, Chief Operating
Officer. "Our goal isn't to be the biggest, it's to be the best,
and if we do our jobs the rest will take care of itself. Lower's
growth trajectory has already demonstrated we are the future of
home lending. Craig joining our experienced and diverse leadership
team is only going to accelerate that success. We're excited to
partner with an industry professional as experienced and capable as
him as he helps shape our growth in a way many others can't."
About Lower
Lower, LLC is a leading multi-channel
digital lender ranked among the top 25 largest home lenders in the
country. Backed by top venture capital firm Accel, Lower operates
an online consumer-direct channel, a distributed retail channel,
and a wholesale channel, serving both brokers and other fintechs,
like leading e-commerce platform Opendoor.
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SOURCE Lower, LLC