President Teresa Carlile Takes Helm at Ridgeland Mortgage

President Teresa Carlile Appointed to Lead Ridgeland Mortgage’s Growth

Ridgeland Mortgage, the recently formed joint venture between leading mortgage lender loanDepot, Inc. (NYSE: LDI) and the nation’s 36th largest home builder, Smith Douglas Homes (NYSE: SDHC), has appointed seasoned mortgage leader Teresa Carlile as President. In this new role, Carlile will oversee the company’s growth and manage daily operations, ensuring a seamless financing experience for customers of Smith Douglas Homes.

A Trusted Leader with Extensive Experience

Teresa Carlile (President ) is a trusted leader in the mortgage industry, bringing over 25 years of leadership experience, with a notable presence in key markets like Atlanta, Georgia. Her extensive experience spans across various areas of mortgage products, complex guidelines, and operations. This makes her a perfect fit to lead Ridgeland Mortgage, as it works to provide best-in-class customer service for homebuyers working with Smith Douglas Homes.

Dan Peña, executive vice president of national joint ventures at loanDepot, expressed excitement over Carlile’s appointment, highlighting her wealth of knowledge. “Teresa is a trusted leader in the mortgage industry, and as our first key hire, she’s an exceptional addition to the Ridgeland Mortgage team,” Peña said. “Her expertise in mortgage products and operations will ensure we continue delivering a best-in-class customer experience.”

A Strong Focus on Supporting Homeownership

Carlile’s extensive background in working with national builders and helping families achieve homeownership is a significant asset for Ridgeland Mortgage. This experience aligns with the mission of the joint venture to offer homebuyers easy access to mortgage products tailored to their needs. Ridgeland Mortgage’s partnership with Smith Douglas Homes focuses on delivering high-quality, affordable homes, particularly for entry-level and empty-nester buyers.

Greg Bennett, CEO of Smith Douglas Homes, shared his confidence in Carlile’s leadership abilities. “As we navigate the early growth stages of Ridgeland Mortgage, Teresa’s ability to tackle complex challenges, connect with others, and foster collaboration will be instrumental to the success of the business,” Bennett said. “We are excited for her to bring that dedication and purpose to our team, driving our culture forward.”

Expanding the Ridgeland Mortgage Footprint

Ridgeland Mortgage is poised for expansion with plans to operate in multiple growing markets across the U.S. The joint venture pairs Smith Douglas Homes’ focus on building affordable, high-quality homes with loanDepot’s lending expertise, creating a comprehensive platform for homebuyers. In the near future, Ridgeland Mortgage will expand its operations to the following markets:

  • Atlanta and Central Georgia
  • Houston, Texas
  • Birmingham and Huntsville, Alabama
  • Charlotte and Raleigh, North Carolina
  • Chattanooga and Nashville, Tennessee

Carlile is enthusiastic about leading this expansion and furthering the mission of helping families achieve the American dream of homeownership. “Much like the mission of Ridgeland Mortgage, I have dedicated my career to supporting families in achieving their homeownership goals,” Carlile said. “I look forward to leading our team to success with a contagious sense of purpose and passion.”

About loanDepot

loanDepot (NYSE: LDI) is dedicated to supporting homeowners with a range of products and services that help make the American Dream a reality. As a digital-first lender, loanDepot provides home purchase, refinance, and home equity lending products, especially catering to first-time homebuyers in diverse communities. The company’s headquarters in Southern California and its nationwide offices work to make homeownership more accessible and rewarding for all.

About Smith Douglas Homes

Based in Woodstock, Georgia, Smith Douglas Homes has been a trusted home builder, completing over 15,000 homes for families since its inception. The company offers an affordable luxury buying experience and focuses on building homes priced below the Federal Housing Administration loan limits. Smith Douglas is ranked among the top 50 home builders nationally and is poised for continued growth following its IPO in January 2024.

In conclusion, with Teresa Carlile as President, Ridgeland Mortgage is set to make a significant impact in the mortgage industry by offering streamlined solutions to homebuyers. The leadership and experience Carlile brings will play a key role in driving the business forward and ensuring a smooth home buying experience for families across the U.S.

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