ADDISON, Texas /CitizenWire/ -- Mid America Mortgage, Inc. (Mid America) announced today that Gary D. McKiddy has been promoted from Chief Risk Officer to Chief Financial Officer. In this new role, McKiddy will manage financial operations and strategy as Mid America Mortgage continues to refine its operations and drive business growth through recent product line additions, such as its correspondent down payment assistance (DPA) program.
"With the current economic factors at play, including inflation and rising interest rates, having a seasoned industry veteran like Gary managing our financial well-being helps ensure Mid America can continue assisting borrowers in addressing the challenges of today's home buying market," said Mid America Owner and CEO Jeff Bode. "Gary's industry experience and previous history with Mid America have enabled him to seamlessly integrate into our organization, and we welcome his financial stewardship and expertise as we chart our course for the future."
McKiddy possesses nearly 40 years of experience in corporate financial management across multiple verticals. Before joining Mid America, McKiddy was the CFO at NTFN, Inc, where he was responsible for managing finance, accounting, compliance, servicing, quality control, human resources and IT departments. Over his 19-year tenure at NTFN, he negotiated and maintained $200 million warehouse line commitments with multiple financial institutions, reduced financial closing timelines by 50% and converted $10 million in non-performing assets into cash. McKiddy has held various financial roles at Ascent Energy, Inc., the pre-2003 iteration of Mid America Mortgage, Atlantic Richfield Co. and Arco Corporate. He is a certified public accountant (CPA) and has a Master of Business Administration from Oklahoma City University.
"Mid America is a forward-thinking lender with a variety of loan products to truly help today's borrowers. In my short tenure as Chief Risk Officer, it was inspiring to see the unique ways Mid America creates mortgage solutions for all parties involved," McKiddy said. "I'm honored to accept the position of Chief Financial Officer and look forward to continuing to add value from a business management perspective and further enabling the company to continue serving homebuyers nationwide."
About Mid America Mortgage, Inc.:
Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.
In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close is Mid America's ultra-secure, digital mortgage approval and closing process that gets home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://www.midamericamortgage.com/click-n-close/#cnc.
Frequently named a top mortgage employer/workplace by industry trade magazines such as Mortgage Professional America, MReport, National Mortgage News and National Mortgage Professional, Mid America is looking for tech-savvy, service-oriented mortgage professionals to join our growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit https://www.midamericamortgage.com/careers/.
Learn More: https://www.midamericamortgage.com/
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