Total Mortgage Services Hires Michael Dimech To Head Operations

Online, October 21, 2010 (Newswire.com) - MILFORD, CONNECTICUT - Total Mortgage Services, LLC, a leading mortgage lender and broker that offers some of the lowest mortgage rates available, announced today the hiring of Michael Dimech as the Company's new head of operations. Mr. Dimech brings to this new position over 15 years of operation management and underwriting experience within the mortgage industry. His initial focus will be centered around efficiency modeling, operational scalability and team building. Mr. Dimech will play an important role in the Company's risk management efforts and will be based in Milford, Connecticut.

"Total Mortgage is focused on continuing to enhance its operational efficiency and mitigate risk throughout the lending value chain," commented John Walsh, President of Total Mortgage. "Michael's extensive background in both operational management and underwriting processes will help balance Total Mortgage's production growth and back office compliance as we expand our wholesale channel, TMS Funding and geographic footprint."

In his new role, Mr. Dimech is responsible for managing the operation of Total Mortgage, from the time the loan package is received from the borrower until the time the loan is sold to investors. Mr. Dimech will focus on improving the efficiency of the loan process and delivering the highest level of customer service.

Mr. Dimech joins Total Mortgage from Wells Fargo Mortgage Corp., where he served as Sales Loan Administration Manager managing a team of processors and branches throughout Connecticut and Massachusetts. Previously, he was employed for almost nine years at CitiMortgage Inc., where he held operational and underwriting roles including Vice President- Operational Risk, Assistant Vice President-Operations Manager and Senior Underwriter. In addition, during his career Mr. Dimech has held underwriting and mortgage closing positions at First Union Mortgage, Principal Residential, Webster Bank and Centerbank Mortgage.

"I am very excited about becoming part of an exceptional team of managers at Total Mortgage and to help further prepare the Company for its next stage of responsible growth," stated Mr. Dimech. "Having recently entered the wholesale channel and with plans to originate loans in 45 states by the end of 2011, it is a perfect opportunity for Total Mortgage to assess and implement the best practices and streamlined processes to create efficiencies and further reduce its risk profile."