Landmark Credit Union has recently made a key addition to its mortgage lending team with the hiring of industry veteran, David Pendley, as the credit union’s new Vice President – Mortgage Lending.
“David brings a wealth of mortgage lending experience to our leadership team,” said Jay Magulski, President and Chief Executive officer. “Under David’s leadership we look forward to further expanding our mortgage program. This includes continuing our commitment to educating potential buyers about the home buying and financing process so our members can feel confident in making the important decisions that will shape their home ownership experience.”
For 33 years David has enjoyed helping people purchase not just a house, but their home, and providing trusted financial advice. His mortgage lending career includes opening his own company, Avenue Mortgage Corporation, in 1990, which reached more than $2 billion in mortgage sales before he sold the company to CIBM Bank. David remained with CIBM as the Director of Mortgage Banking and was responsible for all aspects of the mortgage banking division. Most recently, David served as the Regional Sales Manager for Avenue Bank/CIBM where he led a team of 55 mortgage professionals in four states.
“In all my years as a mortgage professional, I can’t think of another time the housing market faced the level of rapid change that it is today,” explains David Pendley, Vice President – Mortgage Lending. “We’re seeing changes in who is buying homes and when they are choosing to do it, a shifting rate environment, and low housing inventory in the always impactful entry-level price ranges.”
Given the dynamic market conditions, David’s top priorities since starting his new role have been reinforcing Landmark’s talented mortgage team with the addition of several proven loan officers and reviewing the credit union’s product offerings to ensure they are properly aligned with member needs
“Landmark has a fantastic line-up of mortgage products from our first-time home buyers program to competitive rates on a wide variety of mortgage products including construction loans and FHA loans for those borrowers looking for a lower down payment option,” continued Pendley. “And we have a highly-skilled team of loan officers who are passionate about helping our members achieve the dream of homeownership.”
“David is already having a positive impact on our team and our members,” concluded Magulski. “With David at the helm, I am confident that we can continue to grow our mortgage program to further meet the needs of our members.”
Landmark Credit Union has $3.9 billion in assets and more than 650 employees, who serve over 340,000 members at 31 locations throughout Southern Wisconsin.