OneTrust Home Loans is pleased to announce the launch of a new 55+ mortgage division, naming veteran banking and mortgage lending executive Jesse Q. Allen as President. CalCon Mutual Mortgage LLC, d/b/a OneTrust Home Loans (OneTrust) is a privately-owned Ginnie Mae, Fannie Mae and Freddie Mac approved direct lender and servicer and balance sheet lender.
“After an extensive search, I could not be more excited about joining the OneTrust team,” Jesse said. “Josh and Shane Erskine, along with their team, have created a robust, disciplined, and entrepreneurial company that embraces technology and innovation, with a keen eye on serving customers, partners, communities, and employees. OneTrust has a strong understanding of the needs of the 55+ demographic along with significant experience in this space already so we can hit the ground running in June.”
Jesse previously served since 2016 as EVP of External Production at industry-leading reverse mortgage lender American Advisors Group (AAG). Prior to that, Jesse spent 28 years in financial services, leading teams for firms such as Bank of America and Citibank.
In his time at AAG, Jesse was responsible for launching and scaling an institutional grade distributed retail platform, increasing operating profit, reigniting wholesale growth, re-engineering enterprise processes to support new product launches, and building a culture and management team that received the highest employee engagement results in the firm.
At Bank of America Home Loans, Jesse oversaw the builder and realtor divisions and sales and operations enablement. He previously served as head of Bank of America’s reverse mortgage business, which grew to one of the largest platforms in the history of the industry in just four years. Jesse also held senior level roles in Bank of America’s mortgage lending business including implementation of the Dodd Frank mortgage origination rules and strategic transformation after the financial crisis. Prior to joining Bank of America, Jesse served as EVP Region Manager with Citibank where he held full P&L responsibility for 86 branches with 925 employees, serving 175,000 consumers and 16,000 business households with $4.7 billion in deposits and $771 million in loans.
“Changes in the financing needs for the 55+ demographic present an opportunity for our company to provide them with the flexible loan programs and financing options that we are known throughout the industry for,” said Josh Erskine, CEO of OneTrust Home Loans. “Jesse has built an impressive career with mid-sized and large complex firms and brings his leadership skills, business acumen, industry knowledge, and ambitious vision to lead this division. He is a results-oriented team player with two separate successful builds in the reverse mortgage space. The partnership with OneTrust positions Jesse uniquely well to scale a customer-centric platform aligned with our core values of integrity, transparency, innovation, and greatness.”
About OneTrust Home Loans
OneTrust Home Loans is a privately-owned Ginnie Mae, Fannie Mae and Freddie Mac approved direct lender and servicer in addition to a balance sheet lender in both the residential and commercial sectors. OneTrust is licensed in 49 states and 2 US Territories with sales and operations across the country. In addition to the standard loan options like Conventional, FHA, VA, USDA, and Jumbo, OneTrust boasts an industry-leading diverse portfolio loan offering. The company does not broker or sell portfolio loans. Instead, OneTrust acts as a true make-sense lender by holding these loans on their own balance sheet.
If you are interested in joining our new 55+ division or hearing more about OneTrust Home Loans, please contact us by emailing talent@onetrusthomeloans.com.