News: Finance

Jain joins HUNT Mortgage as chief operating officer

Bindiya Jain

Whitinsville, MA HUNT Mortgage Corp. has hired Bindiya Jain as chief operating officer for the company.

Jain has over 20 years of extensive experience in the mortgage and banking industry, most recently having held the position of chief lending officer for Quincy Credit Union, where she successfully implemented structural and operational improvements through the creation of formal policies within the residential and consumer lending area. Her previous experience has also included roles as VP, director of consumer lending and loan operations for South Shore Bank and as VP, loan operations manager with UniBank for Saving.

In her role with HUNT Mortgage, Jain will be responsible for the development of new business channels within the mortgage industry to increase overall revenue opportunities; creation of efficiencies, building profitability, and utilization within the ERA Key Realty Services and HUNT Real Estate residential brokerages.

More generally, the COO is accountable to direction received from the President for the overall administrative operations of the company, and accomplishing all objectives established in HUNT Mortgage’s financial and strategic plans.

A native of New Delhi, India, Jain graduated from Delhi University, obtained her MBA from Anderson University in Anderson, Indiana, and attended the ABA Stonier Graduate School of Banking.

“Our organization is built on a growth mindset. This is not solely based on volume, but also on the advancement of a diverse and inclusive team achieving its goals,” said Linda Mallia, President of HUNT Mortgage. “Bindiya shares our vision for growth and will be instrumental in helping us achieve our fullest potential.”

“We’ve experienced unprecedented growth at HUNT Mortgage in the last five years and now must expand our service delivery system and product offerings,” commented Peter Hunt, Chairman and CEO of HUNT Real Estate. “We are honored to have a person of Bindiya’s background and experience join our team and lead us in these new these new directions with our President, Linda Mallia, and our exceptional team of 90 mortgage professionals.”

“I am so thrilled to be a part of the HUNT team and I look forward to utilizing my experience and skills to drive future business success and reinforce HUNT as a one-stop-shop for all mortgage needs.” said Jain.

 

Tags: Finance
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski

Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Are appraisers on the same page as the assessor? - by Richard Seman

Are appraisers on the same page as the assessor? - by Richard Seman

The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.