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Capital Southwest
NASDAQ: CSWC
-0.14 (-0.62%)
22.49
USD
At close at Aug 07, 19:35 UTC
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Capital Southwest Welcomes New Leadership at New American Funding for Regional Growth

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Cashu
about 13 hours ago
Cashu TLDR
  • New American Funding appoints Tim Sorenson as Divisional Executive VP to enhance retail operations in the Southwest.
  • Sorenson aims to drive sales growth and improve team performance in Arizona, Colorado, and Southern California.
  • NAF focuses on innovative strategies to attract top talent and solidify its presence in the competitive Southwest market.
CSWC
Capital Southwest
-0.62%

New Leadership at New American Funding: Aiming for Growth in the Southwest

New American Funding (NAF) appoints Tim Sorenson as Divisional Executive Vice President for the Southwest region, a strategic move designed to enhance its retail operations and stimulate growth across a diverse geographic area. Sorenson, who brings over 20 years of experience in mortgage lending, will oversee key initiatives focused on guiding loan officers and driving sales in states such as Arizona, Colorado, and Southern California. Reporting directly to Tony Blodgett, NAF's Executive Vice President of National Sales – West, Sorenson is expected to implement innovative strategies that will not only enhance team performance but also foster a culture of recruitment aimed at attracting top-tier talent to the mortgage industry.

Sorenson's previous role as Divisional Executive Vice President for Rate underscores his capability in managing retail operations effectively, having improved customer satisfaction and retention in various markets, including California and Alaska. His extensive background in lending and leadership positions, such as Director of Residential Lending at Lutheran Burbank Savings, positions him as a strong asset for NAF as it seeks to bolster its presence in the competitive Southwest mortgage market. Sorenson expresses enthusiasm for this new challenge, emphasizing his commitment to enhancing customer experiences and driving sales growth through targeted recruiting strategies.

The appointment comes at a critical time as NAF aims to solidify its standing in the mortgage sector while addressing the evolving needs of consumers in the Southwest. By focusing on innovative approaches and enhancing team capabilities, Sorenson is expected to position NAF as a preferred choice for both borrowers and industry professionals. This move not only highlights NAF's dedication to growth but also showcases its intent to lead in a region ripe for expansion.

Techbros Sets New Standard in E-Waste Recycling

In a related development, Techbros Electronic Recycling introduces the Southwest’s first fully AI-integrated, R2v3-certified IT asset disposition and e-waste processing facility. This facility utilizes artificial intelligence to improve logistics and inventory management, addressing the growing concern of e-waste, which is projected to exceed 74 million tons globally by 2030. By adopting these advanced technologies, Techbros aims to establish itself as a leader in sustainable practices within the electronics recycling sector.

Meanwhile, Southwest Gas Corporation promotes National Call 811 Day, emphasizing the importance of utility safety during excavation activities. The company reports a 15% reduction in underground utility damage due to increased awareness of calling 811 before digging, highlighting its commitment to customer safety and community responsibility.

The content provided here is for informational purposes only and should not be considered financial or investment advice. Investing in stocks carries risks, including potential loss of principal. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We are not responsible for any losses or damages resulting from your use of this information.

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