This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Kathleen Stout To Lead New Residential Mortgage Division At Solera National Bank

Solera National Bank, a wholly-owned subsidiary of Solera National Bancorp, Inc. (OTCQB:SLRK), today announced the launch of Solera National Bank’s Residential Mortgage Division and has hired Kathleen Stout as Executive Vice President of Solera National Bank, and President of the Residential Mortgage Division. Solera will add five loan production offices in Colorado including Boulder, two locations in Colorado Springs, the Denver Tech Center and Durango. With the expansion, Solera is adding more than 40 talented mortgage professionals including loan officers with over 200 years of combined residential lending experience. The transition is expected to take approximately 45 days to complete.

“We see significant opportunities in residential mortgage lending in Colorado, and we are delighted to welcome Kathy and her team to Solera,” said Douglas Crichfield, President and Chief Executive Officer. “Kathy’s high energy, leadership abilities and proven expertise in residential mortgage lending will be of great value to our institution. Our new locations will add greater convenience to our current customers as well as create increased small business lending opportunities throughout the Front Range.”

After a short period to ramp up operations, the Residential Mortgage Division is expected to significantly enhance the Bank’s profitability through the sale of loans into the secondary market as well as through building a high quality residential mortgage loan portfolio that will remain on the Bank’s balance sheet.

“Home resales in the Metro Denver region continue to increase at a relatively strong pace, with year-to-date growth of 17.1% over the same period in 2011,” according to data compiled by the Metro Denver Economic Development Corporation in its Monthly Economic Summary for November 2012. “Homes under contract, an indicator of future sales activity, increased at an even stronger rate of 20%. And, according to Metrolist, Inc., home sales in Metro Denver are at their highest levels since 2008.” Through October year-to-date, Kathy’s team has closed approximately 1,000 loans representing $250 million in originations.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.70 -0.60%
FB $101.91 0.90%
GOOG $683.11 -0.15%
TSLA $150.47 4.73%
YHOO $26.76 -1.25%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs