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Associated Press
30-05-2025
- Business
- Associated Press
Click n' Close Appoints Mortgage Wholesale Veteran Tony Catanese as Regional Sales Manager to Lead East Coast Expansion
ADDISON, Texas, May 30, 2025 (SEND2PRESS NEWSWIRE) — Click n' Close, a multi-state mortgage lender and innovator in third-party origination (TPO), announced Thursday that Tony Catanese has joined the company as regional sales manager. In this role, Catanese will lead the company's wholesale and non-delegated expansion across the East Coast, focusing on building and developing a high-performing sales team. 'Tony is a consummate professional whose leadership and depth of experience will be pivotal as we accelerate our expansion efforts across the East Coast,' said Adam W. Rieke, executive director of TPO lending at Click n' Close. 'His proven ability to cultivate strong sales teams and execute strategy aligns perfectly with Click n' Close's growth vision and commitment to delivering high-level support to our broker and non-delegated partners.' Catanese has more than 34 years of experience in wholesale mortgage lending and a long history of managing top-performing sales organizations. Most recently, he served as vice president and eastern regional sales manager for several nationally recognized mortgage lenders, including Kind Lending and Sierra Pacific Mortgage Co. 'I am looking forward to helping Click n' Close grow its wholesale and non-delegated footprint and market share,' Catanese said. 'It's a privilege to join an organization that combines leadership with the agility to deliver real value to partners and borrowers.' Catanese's appointment reflects Click n' Close's broader strategic focus on enhancing its presence in key regional markets and providing access to innovative lending programs for third-party originators. As the industry evolves, the company remains dedicated to offering liquidity, agility and strong service across all channels. About Click n' Close: Click n' Close Inc., formerly known as Mid America Mortgage, is a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels. It is the nation's leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click n' Close has established a legacy of innovation and financial strength. The company pioneered the adoption of eClosings and eNotes and has introduced a range of market-responsive loan products, including USDA one-time close construction loans, a proprietary down payment assistance (DPA) program and a reverse mortgage division. By servicing its loan programs in-house and maintaining direct access to capital markets through relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors, Click n' Close ensures dependable execution and long-term value for its partners. Learn more at NEWS SOURCE: Click n' Close Inc. ### MEDIA ONLY CONTACT: (not for publication online or in print) Lindsey Neal Depth for Click n' Close Phone: 404-549-9282 Email: [email protected] ### Keywords: Mortgage, Mortgage Wholesale Veteran Tony Catanese, Click n' Close, mortgage lender serving consumers and mortgage originators, ADDISON, Texas This press release was issued on behalf of the news source (Click n' Close Inc.) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P126604 APNF0325A To view the original version, visit: © 2025 Send2Press® Newswire, a press release distribution service, Calif., USA. RIGHTS GRANTED FOR REPRODUCTION IN WHOLE OR IN PART BY ANY LEGITIMATE MEDIA OUTLET - SUCH AS NEWSPAPER, BROADCAST OR TRADE PERIODICAL. MAY NOT BE USED ON ANY NON-MEDIA WEBSITE PROMOTING PR OR MARKETING SERVICES OR CONTENT DEVELOPMENT. Disclaimer: This press release content was not created by nor issued by the Associated Press (AP). Content below is unrelated to this news story.
Associated Press
09-04-2025
- Business
- Associated Press
Click n' Close Expands Correspondent Lending Sales Team with Mortgage Industry Veteran Kim Schenck
- Current head of correspondent division Michael Lima to refocus on whole loan trading - ADDISON, Texas, April 9, 2025 (SEND2PRESS NEWSWIRE) — Click n' Close (CNC), a multi-state mortgage lender, announced today that Kim Schenck has joined its Correspondent Lending Sales team as Correspondent Manager. In her new role, Schenck will lead the expansion of the company's proprietary down payment assistance (DPA) program, which plays a key role in helping more borrowers achieve homeownership. 'Kim's extensive experience and proven ability to drive results make her an ideal addition to our team,' said Jeff Bode, owner and CEO of Click n' Close. 'Her focus on our DPA program will help us continue delivering innovative, affordable solutions to our partners and borrowers.' Schenck brings more than 30 years of experience in mortgage banking, with a strong background in correspondent lending, loan acquisitions and secondary marketing. Her career includes leadership roles at Essex Mortgage, Freedom Mortgage, Bank of America, Greenwich Capital Financial and Sandia Mortgage Corporation, where she built and managed high-performing sales teams, drove strategic growth and developed pricing and rate strategies for large-scale lending operations. 'I've had the pleasure of working with Jeff in previous roles and have always admired his sharp insight and shared commitment to empowering both lenders and homebuyers,' said Schenck. 'I'm honored to join such a forward-thinking organization and proud to be part of a winning team.' As part of this transition, Click n' Close's Managing Director of Correspondent Lending Michael Lima will shift his focus back to the company's whole loan trading business, a division he was initially hired to lead. Lima first joined Click n' Close – then operating as Mid America Mortgage – shortly after the implementation of the 2016 TILA-RESPA Integrated Disclosure (TRID) rule. Mid America recognized an opportunity as lenders across the country struggled with compliance and were forced to sell affected loans at steep discounts on the scratch-and-dent market. The company entered the space to purchase those loans, resolve the underlying issues and reintroduce them to the market—effectively bringing liquidity where it was desperately needed. Lima was brought in specifically to lead this initiative, leveraging his expertise in capital markets and risk assessment to build a sustainable, scalable secondary market strategy. Now, as the mortgage industry faces another period of consolidation and economic uncertainty, Click n' Close is redoubling its commitment to the whole loan trading space, offering a stable, long-term source of liquidity for lenders navigating an evolving landscape. Amid a post-COVID environment where many lenders have reported financial losses, Click n' Close has remained financially strong and profitable—a track record the company sees as critical to its value proposition moving forward. 'Click n' Close has always leaned into market disruptions as an opportunity to lead with innovation and stability,' said Lima. 'My returned focus to the whole loan trading space will help strengthen the liquidity and reliability our lending partners count on. Our capital markets strategy has always been about fixing what others overlook—and doing it profitably, sustainably and at scale.' About Click n' Close, Inc. Click n' Close, Inc., formerly known as Mid America Mortgage, is a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels and is also the nation's leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click n' Close has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes. Combining this culture of innovation with a risk management mindset enables Click n' Close to deliver new products to market that address the challenges facing both borrowers and third-party originators (TPOs). These innovations include its USDA one-time close construction loans, proprietary down payment assistance (DPA) program and reverse mortgage division. Its direct relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors afford Click n' Close direct access to the capital markets, thus ensuring maximum liquidity for its product innovations. By servicing its loan programs in-house, Click n' Close provides its wholesale and correspondent partners with an additional level of certainty regarding loan salability and superior borrower service over the life of the loan. Learn more at NEWS SOURCE: Click n' Close Inc. ### MEDIA ONLY CONTACT: (not for publication online or in print) Lindsey Neal Depth for Click n' Close P: 404.549.9282 [email protected] ### Keywords: Mortgage, Click n' Close, multi-state mortgage lender, Correspondent Lending, wholesale and correspondent channels, Section 184 home loans for Native Americans, ADDISON, Texas This press release was issued on behalf of the news source (Click n' Close Inc.) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P125407 APNF0325A © 2025 Send2Press® Newswire, a press release distribution service, Calif., USA. RIGHTS GRANTED FOR REPRODUCTION IN WHOLE OR IN PART BY ANY LEGITIMATE MEDIA OUTLET - SUCH AS NEWSPAPER, BROADCAST OR TRADE PERIODICAL. MAY NOT BE USED ON ANY NON-MEDIA WEBSITE PROMOTING PR OR MARKETING SERVICES OR CONTENT DEVELOPMENT.
Associated Press
06-02-2025
- Business
- Associated Press
Click n' Close's SmartBuy™ Shared Appreciation Mortgage Program expands to Freddie Mac 30-year conventional loans
- Homebuyers can now access 5% down payment assistance without restrictions on first-time purchases - ADDISON, Texas, Feb. 6, 2025 (SEND2PRESS NEWSWIRE) — Click n' Close (CNC), a multi-state mortgage lender, today announced its SmartBuy™ Shared Appreciation Mortgage (SAM) program now features a 30-year, fixed-rate conventional option approved by Freddie Mac. 'Regardless of what is admittedly a difficult market for buyers, our SmartBuy Shared Appreciation Mortgage tool puts homeownership in reach for people who may not have thought it possible,' said Jeff Bode, owner and CEO of Click n' Close. 'Buyers can increase their financial stability and realize the benefits of what is, for most Americans, the largest investment of a lifetime.' Launched in April 2024, CNC's SAM program offers a below-market interest rate for first-lien FHA, USDA and now conventional loans and a repayable DPA second lien in exchange for a portion of the home's appreciation [*note 1] during the first five years. After the five-year accumulation period, the shared appreciation amount is added to the second lien and amortized over the remaining term. The program has no restrictions on first-time purchases or income levels. 'CNC's Shared Appreciation Mortgage program (SAM) combines with the DPA SmartBuy program to provide homebuyers with additional flexibility, helping them secure a home with minimal upfront costs while benefiting from shared appreciation in the property's value over time,' Bode added. 'Having a conventional option in addition to FHA and USDA simply helps make homeownership more accessible for a broader range of buyers.' Industry professionals interested in the SAM program should contact their Click n' Close wholesale or correspondent account representative. About Click n' Close, Inc.: Click n' Close, Inc. is a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels and is also the nation's leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click n' Close has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes. Combining this culture of innovation with a risk management mindset enables Click n' Close to deliver new products to market that address the challenges facing both borrowers and third-party originators (TPOs). These innovations include its USDA one-time close construction loans, proprietary down payment assistance (DPA) program and reverse mortgage division. Its direct relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors afford Click n' Close direct access to the capital markets, thus ensuring maximum liquidity for its product innovations. By servicing its loan programs in-house, Click n' Close provides its wholesale and correspondent partners with an additional level of certainty regarding loan salability and superior borrower service over the life of the loan. NEWS SOURCE: Click n' Close Inc. ### MEDIA ONLY CONTACT: (not for publication online or in print) Lindsey Neal Depth for Click n' Close P: 404.549.9282 [email protected] ### Keywords: Addison Business, Click n' Close, CEO Jeff Bode, Freddie Mac, homebuyers, down payment assistance, first-lien FHA, USDA, ADDISON, Texas Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P123882 AP-R15TBLLI
