Mortgage industry veteran Terry Connealy has been named President of the newly formed Mutual of Omaha Mortgage.
OMAHA, Neb. (May 9, 2016) – Mortgage industry veteran Terry Connealy has been named President of the newly formed Mutual of Omaha Mortgage, a joint venture of Mutual of Omaha Bank and Dallas–based residential mortgage lender PrimeLending.
Connealy has more than 15 years of experience in the mortgage banking industry, most recently serving as Executive Vice President of Mortgage Banking at Mutual of Omaha Bank. Prior to that, Connealy was regional sales manager for a large banking organization, overseeing all aspects of the mortgage sales and processing operation for a three–state region in the Midwest. He earned his bachelor’s degree from the University of Nebraska–Lincoln.
“Terry played a significant role in charting the strategic direction for Mutual of Omaha Bank’s mortgage business and in the creation of Mutual of Omaha Mortgage,” said Jeff Schmid, Chairman and CEO of Mutual of Omaha Bank. “I&rdsquo;m confident he will bring the same passion and commitment to this important new venture as he did to his work at Mutual of Omaha Bank.”
Joint venture partners PrimeLending Venture Management LLC and Mutual of Omaha Bank announced the creation of Mutual of Omaha Mortgage in April. Expected to begin operations in the third quarter, Mutual of Omaha Mortgage will offer a wide range of home financing products and services.
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Mutual of Omaha is a full-service, multi-line organization providing insurance, banking and financial products for individuals, businesses and groups throughout the United States.
SOURCE: Mutual of Omaha