PASADENA, Calif. -- Wescom Credit Union has appointed Peter McNulty as president of CUSO Mortgage, Inc., and senior vice president of Wescom's real estate lending division.
Since 2004, McNulty has served as $3.9 billion Wescom's senior vice president of lending. Wescom's lending operations will now be separated into real estate and consumer loans. In his new position, McNulty will lead all of Wescom's real estate lending activities, including the residential and commercial lending, loan servicing, and secondary marketing, and will head its industry mortgage unit, CUSO Mortgage, Inc. He will continue to report to Wescom Executive Vice President and COO Jane Wood. Wescom's overall loan volume has been growing considerably over the last several years, resulting in real estate and consumer loan portfolios exceeding $1.5 billion each, according to the credit union. The real estate group currently services an additional $485 million in sold loans.
"Peter has had great success in leading Wescom's lending division for the past three years, during a time of terrific growth," Wood said. "With his background and expertise in real estate lending, I know he will continue to do an excellent job serving our members as well as our CUSO clients."
McNulty is a veteran of the mortgage industry, with a background in conduit, wholesale and correspondent lending, capital markets, secondary marketing, sales and marketing management, and business development, according to the credit union.