BIRMINGHAM, Ala., June 26, 2014 /PRNewswire/ -- BBVA Compass has tapped Phoenix-based mortgage industry veteran Jens Lovell as its new national mortgage banking sales manager.
Lovell is charged with leading efforts to expand the bank's mortgage banking sales force, including those in low- and moderate-income areas, in key markets across the bank's Sunbelt footprint: Los Angeles; Phoenix; Albuquerque, N.M.; Austin, Dallas, Fort Worth and Houston in Texas; and Miami, Orlando and Tampa in Florida.
BBVA Compass has steadily grown its team of mortgage bankers since the beginning of the year. Jon Mulkin, executive real estate lending director for BBVA Compass, said the sales force expansion is a positive development for potential homeowners.
"Summer is traditionally a strong season for U.S. home sales, and in their latest U.S. Housing Flash, BBVA Compass economists agree that as the labor market continues to improve, so should the housing sector," Mulkin said. "Expansion of our mortgage sales team will help us give more people the opportunity to take advantage of a housing market on the move."
Lovell said the bank's vision also is attracting top talent. "Our message is resonating with mortgage bankers motivated by a desire to build a better future for people," Lovell said.
Lovell has been with BBVA Compass since 2007, serving most recently as the bank's area mortgage sales manager for California. He started his career at First Security Bank of Utah and spent 15 years at Wells Fargo Home Mortgage.
"Jens joined the bank at the start of the financial crisis and was able to lead his team to solid results in the face of historic challenges," Mulkin said. "We're confident that our national real estate lending efforts will flourish under his leadership."
BBVA Compass offers a variety of loan options for homebuyers, including fixed and adjustable rate mortgages, jumbo loans, government programs, a first-time homebuyer mortgage and more.
All mortgage loans subject to eligibility, collateral, underwriting and approval, including credit approval. BBVA Compass is an equal housing lender.
About BBVA Group
BBVA Compass is a subsidiary of BBVA Compass Bancshares Inc., a wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a customer-centric global financial services group founded in 1857. The Group has a solid position in Spain, is the largest financial institution in Mexico and has leading franchises in South America and the Sunbelt region of the United States. Its diversified business is geared toward high-growth markets and relies on technology as a key sustainable competitive advantage. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies the best practices. The Group is present in the main sustainability indexes. More information about the BBVA Group can be found at www.bbva.com.
About BBVA Compass
BBVA Compass is a Sunbelt-based financial institution that operates 684 branches, including 352 in Texas, 89 in Alabama, 78 in Arizona, 62 in California, 45 in Florida, 38 in Colorado and 20 in New Mexico. BBVA Compass ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (5th). BBVA Compass has been recognized as one of the leading small business lenders by the Small Business Administration and was recently awarded the 2013 Celent Model Bank Award for its new core banking platform. Additional information about BBVA Compass can be found at www.bbvacompass.com, by following @BBVACompassNews on Twitter or visiting newsroom.bbvacompass.com.
Editor's Note:
BBVA Compass is a trade name of Compass Bank. Compass Bank, member FDIC.
SOURCE BBVA Compass