SOUTH BEND, IND. – Mortgage lending veteran Gary Booth has joined Teachers Credit Union (TCU), Indiana’s largest credit union, as vice president of mortgage lending. In his new role, he will oversee sales, operations and profitability within the mortgage division of TCU. He will also ensure TCU continues offering extensive mortgage products with competitive interest rates, while utilizing underwriting practices to foster growth.
“Gary’s vast knowledge of the mortgage lending business will be a valuable addition to our TCU team,” said Gene Novello, senior vice president and chief lending officer of TCU. “His past experience uniquely positions him to help our members as they seek out assistance understanding the complexities of mortgage lending and his management experience makes him an ideal leader to further develop the talents of our existing team.”
Gary brings 40 years of experience in banking, underwriting and mortgage to TCU. Most recently, he served as vice president of mortgage and consumer lending for The LaPorte Savings Bank. He also previously held the role of director of underwriting for United Federal Credit Union and owned his own business, Landmark Mortgage Group, for 14 years. Gary sits on the board for both the LaPorte County and Southwestern Michigan Association of Realtors.
He received his accounting degree from Ferris State University and is a direct endorsement underwriter. Over the years, he’s completed extensive management training coupled with in-depth studies of mortgage origination, processing, closing and underwriting philosophies tailored to Fannie Mae, Freddie Mac, FHA, VA and Rural Development lending guidelines.