Angel Oak Home Loans builds on momentum by expanding new Consumer Direct division


CHARLOTTE, North Carolina–(BUSINESS WIRE)–Angel Oak Home Loans (“Angel Oak”), a Leading Full-Service Retail Mortgage Lender, Welcomes Industry Veteran Ed Powell as Regional Director and Head of New Direct-to-Consumer Division from Angel Oak in Charlotte, North Carolina.

Following the rapid growth of Atlanta’s direct-to-consumer division under the leadership of Eric Iannamico, Angel Oak will expand its direct-to-consumer division further into the Southeast with Powell at the helm. In addition to the new Charlotte division, Angel Oak will soon open a third division in Baton Rouge, Louisiana. These locations will support continued demand for traditional lending products, as well as Angel Oak’s unqualified mortgage products that help borrowers who don’t meet today’s stringent bank lending standards.

“I look forward to joining Angel Oak after their impressive 2019, which showed that they truly are the leaders in extended credit lending,” says Powell. “I am excited to apply my expertise in lead generation as well as my ability to build quality relationships as we grow the direct-to-consumer division.”

Powell brings 20 years of experience with him, including senior positions at Pacific Union Financial, LLC, RoundPoint Mortgage and Lending Tree. Prior to joining Angel Oak, Powell served as senior director of sales at Ally Bank, growing his team to over 50 loan officers who generated over $1.6 billion in 2019. As Angel Oak continues to grow, talented additions like Powell will be integral to achieving high quality results while maintaining excellent customer service.

“After celebrating a tremendous year of growth at Angel Oak, we are excited to continue our internal expansion through Ed and the new direct-to-consumer divisions,” said Richard LaNasa, President of Angel Oak Home Loans. “At Angel Oak, we are committed to providing industry-leading customer service. Ed’s proven track record in this area will strengthen our relationships so that we can continue to provide innovative products and serve more borrowers.”

With its expansion, Angel Oak also plans to hire additional staff. For those interested in Charlotte opportunities, please contact Powell via ed.powell@angeloakhomeloans.com. For those interested in opportunities in Atlanta and Baton Rouge, please contact Drew Church at draw.church@angeloakhomeloans.com.

To learn more about Angel Oak home loans and view complete licensing information, visit: www.angeloakhomeloans.com.

Angel Oak Home Loans, LLC NMLS 685842. Angel Oak is an equal home lender. Each application will be assessed individually; not all applicants will be eligible.

About Angel Oak Home Loans, LLC

Angel Oak Home Loans is a full service mortgage lender. In addition to offering traditional mortgage products, Angel Oak Home Loans and the Angel Oak family of companies specialize in innovative alternative lending options. Its flexible and supportive approach allows potential buyers to embark on a new path with confidence. Angel Oak’s experienced team of licensed mortgage professionals lead the way in providing end-to-end mortgage support and an exceptional client experience.

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