Click n’ Close announced that Kim Schenck has joined its correspondent lending sales team as correspondent manager. In her new role, Schenck will lead the expansion of the company’s proprietary down payment assistance (DPA) program, which helps more borrowers achieve homeownership.
“Kim’s extensive experience and proven ability to drive results make her an ideal addition to our team,” Click n’ Close CEO and owner Jeff Bode said in a release. “Her focus on our DPA program will help us continue delivering innovative, affordable solutions to our partners and borrowers.”
Schenck brings more than 30 years of experience in mortgage banking, with a background in correspondent lending, loan acquisitions and secondary marketing. Her career includes leadership roles at Essex Mortgage, Freedom Mortgage, Bank of America, Greenwich Capital Financial and Sandia Mortgage Corp., where she built and managed sales teams, drove strategic growth and developed pricing and rate strategies for large-scale lending operations.
“I’ve had the pleasure of working with Jeff in previous roles and have always admired his sharp insight and shared commitment to empowering both lenders and homebuyers,” Schenck said. “I’m honored to join such a forward-thinking organization and proud to be part of a winning team.”
As part of this transition, Michael Lima, managing director of correspondent lending for Click n’ Close, will shift his focus back to the company’s whole loan trading business, a division he was initially hired to lead.
Lima first joined Click n’ Close — then operating as Mid America Mortgage — shortly after the implementation of the 2016 TILA-RESPA Integrated Disclosure (TRID) rule.
Now, as the mortgage industry faces another period of consolidation and economic uncertainty, Click n’ Close is redoubling its commitment to the entire loan trading space, offering a stable, long-term source of liquidity for lenders navigating an evolving landscape, according to company leaders.
“Click n’ Close has always leaned into market disruptions as an opportunity to lead with innovation and stability,” Lima said. “My returned focus to the whole loan trading space will help strengthen the liquidity and reliability our lending partners count on. Our capital markets strategy has always been about fixing what others overlook — and doing it profitably, sustainably and at scale.”