AL Velasco Promoted To National EVP

DALLAS (May 1, 2014) – National residential mortgage lender PrimeLending announces the promotion of Al Velasco from regional manager of the Midwest region to executive vice president – western division, effective May 1, 2014. In his new role, Velasco will oversee branch production and operations for PrimeLending’s branch offices located in Arizona, Arkansas, California, Colorado, Hawaii, Idaho, Iowa, Kansas, Minnesota, Missouri, Nebraska, Nevada, New Mexico, Oklahoma, Oregon, Utah and Washington.

“PrimeLending strives to promote from within where possible to reinforce a strong sense of teamwork and provide an incentive to grow professionally,” says Steve Thompson, PrimeLending’s executive vice president/national production manager. “Al Velasco models our corporate values and he regularly demonstrates the company's commitment to servant leadership as evidenced by the shared vision and camaraderie he has developed in the Midwest Region. I am pleased to announce his promotion to EVP – Western division.”

A resident of Victoria, Minn., Velasco has more than 20 years of experience in the mortgage industry. Before joining PrimeLending, he served as the senior vice president, retail production for TCF Bank Corporation. He was also the regional area managers for CTX Mortgage Company and chief operating officer for Hometown Mortgage, a division of Klein Bank.
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