Envoy Mortgage, a Houston-based mortgage bank conducting business through its nationwide retail locations, correspondent lending channel and in-house loan servicing operation, has named Keith Frachiseur to the new post of regional vice president for the company’s Pacific Northwest territory, which is composed of Washington, Oregon and Idaho.
Frachiseur will lead the company’s expansion in the tri-state region through natural growth and strategic branch acquisitions.
Frachiseur is a native of the area who has spent virtually his entire career in the mortgage industry. He has served in senior management roles for over 25 years and joins Envoy after three years as president of Washington-based mortgage banker Axia Financial. In the mid-1990s, he was a commissioner of the Washington State Mortgage Brokerage Commission and was president of the Washington Association of Mortgage Brokers prior to transitioning his company into mortgage banking. In this newly created position, Frachiseur is tasked with building on the existing Envoy retail presence in the area with Realtors, builders and borrowers. He reports directly to Envoy President and Chief Executive Officer Pat Walden.
“We are completely committed to this important region of the country as we continue Envoy’s national expansion,” Walden said. “Keith Frachiseur is a gifted leader and is highly respected throughout the Pacific Northwest as a mortgage professional. We are delighted to have an executive of his caliber on our team, opening branches and building the Envoy brand with these new customers.”
Frachiseur is experienced in growing branch networks. As president of Evergreen Home Loans, he grew the company from three branches to 22 branches in four years, focusing on referrals as he built production that was comprised 80 percent of purchase loans in a market dominated by refinances.
“Envoy is perfectly positioned for today’s demanding purchase market environment,” Frachiseur said. “I was immediately impressed with the leadership, culture, financial stability and the support staff’s commitment to service excellence. Envoy’s award-winning technology, among the industry’s first to become paperless and electronically efficient, helps create fantastic borrower experiences and provides a strong advantage as we recruit retail loan officers for the Pacific Northwest region. I am very excited to be part of Envoy’s winning team.”