California-based direct lender AmeriTrust Mortgage announced a new addition to its leadership team. The company welcomed veteran mortgage executive Jett Farrington this week as its new chief operating officer.
Farrington joins a C-suite leadership team consisting of CEO Chad Schoep and chief financial officer Tapan Patel. The Arizona State University graduate announced his new role via a LinkedIn post on Monday. He expressed excitement over joining AmeriTrust and helping the company continue its growth in 2025.
“I am thankful for this opportunity, and very much look forward to assisting in taking AmeriTrust Mortgage to new heights in 2025,” Farrington wrote.
Growth may be an understatement, especially since AmeriTrust funded more than $1.1 billion in loans in 2024, according to an Instagram post on the company’s website.
Farrington will aim to expand AmeriTrust’s operations on the wholesale and retail side of business. Beyond that, he will support the lender’s new nondelegated correspondent channel that is set to launch sometime this year. AmeriTrust wants to reach a $3 billion annual run rate in 2025. Farrington will deliver quality and efficiency to usher the lender toward that goal.
Schoep told HousingWire that Farrington has a proven track record of leadership, expansion and mortgage industry expertise.
“Jett is a proven leader with a great track record for efficiently and effectively growing organizations,” Schoep said in a statement. “He has worked at large companies and small companies. Long-established firms as well as startups. Jett has extensive knowledge in everything mortgage production, and we look forward to putting that knowledge to work.
“Outside of assisting notable companies to grow and scale their operations successfully, Jett has built a strong and reputable reputation within the mortgage industry, especially within the non-QM space. While the non-QM environment has grown to be large in volume, the lender community within non-QM is relatively small and tight-knit. Jett has established a reputation for success and world-class customer service-based operations,” Schoep added.
Farrington’s executive experience spans across several mortgage companies. He most recently served as head of mortgage operations at Quontic, a digital bank based in New York. Prior to that, he was the senior vice president of wholesale operations at Arc Home, vice president of operations at AmeriSave Mortgage Corp. and operations manager at Cardinal Financial Corp.
On his LinkedIn profile, Farrington describes himself as an “experienced mortgage operations executive with a demonstrated history of working in the financial services industry. Skilled in Mortgage Underwriting, Processing, Closing, Contact Centers, Management, Loan Servicing, and Financial Risk.”
AmeriTrust prioritized aggressive expansion goals in 2024. Since 2022, the lender has expanded its licensing from one to 35 states, operating in the wholesale and retail channels. Most recently, AmeriTrust expanded to Virginia.
Heading into 2025, the lender looks poised for continued growth and expansion under a bolstered executive leadership team. AmeriTrust offer more than 40 types of home purchase and refinancing programs, including FHA, VA and USDA loans.
