Former Guaranteed Rate Executive Joins The Money Store As Chief Production Officer

Lenders  |  RE Agencies  |  Resources  |  Technology  |  Marketing  |  and more!

Former Guaranteed Rate Executive Joins The Money Store As Chief Production Officer

Sep 7, 2023 | News | 0 comments

The Money Store is pleased to announce the appointment of John Palmiotto (pictured) to its executive team as the Chief Production Officer. In this pivotal role, John will be responsible for overseeing and optimizing the company’s production processes, ensuring efficiency, quality, and continued growth. With his extensive experience and expertise in the financial industry, John Palmiotto is poised to make significant contributions to The Money Store’s strategic objectives and enhance its operational excellence.

The wholesale lender is embarking on an ambitious strategic hiring initiative aimed at attracting top-level talent to bolster its position as an “industry powerhouse.” The addition of John Palmiotto to its executive team aligns perfectly with this vision. With his proven track record and deep industry knowledge, Palmiotto’s appointment is expected to catalyze the lender’s efforts to dominate the market and excel in delivering innovative financial solutions to its clients. His leadership will play a crucial role in driving the company’s growth and maintaining its competitive edge in the ever-evolving financial landscape.

In its press release, the New Jersey-based company stated that John Palmiotto has been a driving force in the industry, consistently showcasing his leadership prowess in guiding teams and companies to achieve success. The company further noted that his vision aligns perfectly with The Money Store’s dedication to creating an exceptional and conducive environment for loan officers to thrive in the current market conditions.

In his new position at The Money Store, Palmiotto brings an impressive background of over 28 years in the industry. He devoted over six years to Guaranteed Rate, serving as the Chief of Retail Production in his most recent role. Prior to that, Palmiotto held significant leadership roles at Prospect Mortgage, including a decade-long tenure as the Midstate Divisional President, preceded by his role as Regional Vice President.

Palmiotto expressed his enthusiasm about joining The Money Store and contributing to the growth of this renowned franchise. He believes that many loan officers are seeking a unique opportunity to thrive in the current market, and he sees The Money Store as an excellent alternative for them. He eagerly anticipates being a valuable member of the team.