Phil Crescenzo Jr., a high-producing mortgage officer in South Carolina, is becoming a member of NFM Lending. The transfer was introduced Friday on social media by NFM managing director Greg Sher.
Crescenzo involves NFM after a two-year stint as Southeast division supervisor for Nation One Mortgage Corp. His prior expertise additionally contains roles as a producing department supervisor for American Pacific Mortgage and Cardinal Monetary.
Sher mentioned in a LinkedIn post that signing Crescenzo was a spur of the second resolution for each events. Crescenzo reportedly met NFM President LaTasha Waddy at a latest Mortgage Bankers Affiliation occasion and shortly turned keen on becoming a member of NFM.
“For me, I fell head over heels for him when in our first assembly over dinner, he began welling up — actual tears flowing — when sharing how he helped a single dad win a custody battle as a result of he was in a position to assist him purchase a house,” Sher wrote. “… For each mortgage originator with a watch on cashing the largest test, there are individuals like Phil whose actual payoff is affect.”
Crescenzo instructed HousingWire that the “NFM management, the know-how and their staff in all departments have been very distinctive and really adaptable to bringing our department imaginative and prescient to life.”
In keeping with Modex knowledge, Crescenzo closed 323 loans for roughly $107 million in quantity over the previous 12 months. Most of his enterprise passed off in South Carolina, with extra exercise within the Charlotte, Atlanta and Jacksonville areas. The majority of his origination quantity is tied to Federal Housing Administration (FHA) and U.S. Division of Veterans Affairs (VA) loans.
“I felt very snug with the staff, the merchandise, the flexibility to compete with what we’re already doing, which is being very dominant within the FHA and VA house,” Crescenzo added.
Sher instructed HousingWire that Crescenzo largely serves African-American debtors and has “massive aspirations to develop his affect,” which NFM plans to assist with by extra assets.
“The objective is to make use of our product line and proprietary tech stack to assist him develop right into a division,” Sher mentioned. “I consider he has the imaginative and prescient and drive to guide a billion greenback group. This journey begins in the present day.”
NFM Lending — primarily based in Linthicum, Maryland — introduced an growth in November when it agreed to acquire Homespire Mortgage. NFM’s Bob Tyson instructed HousingWire on the time that the acquisition was a win-win for each firms, permitting NFM to develop its “attain and assets,” whereas giving Homespire “entry to all of the bells and whistles of a bigger group.”
In January, NFM announced that Waddy would develop into its new president as Tyson moved into the CEO’s function. Waddy has been with the corporate since 2010, beforehand servicing as govt vice chairman and chief authorized officer.
Inside Mortgage Finance reported that NFM was the Forty seventh-largest U.S. mortgage lender in 2025. It originated $7.26 billion in quantity, up 10% from 2024.
