Meet the Team
Greg Schroeder is the founder and president of Comergence. Greg has over 25 years of experience working in the mortgage and financial services industry, and has held C-level positions with leading mortgage companies. He has also managed start-up operations for several companies. Greg’s experience includes executive positions at New Century Financial, Inc., United Pan Am Mortgage Corporation and Long Beach Mortgage Corp.
Role at Comergence
Greg’s experience working with brokers while he was an executive at different mortgage companies provided the impetus for Comergence. He particularly saw the need for the due diligence and monitoring services Comergence provides while he was with New Century. “At that time, I was looking for a company to outsource that function to, and I couldn’t find one,” Greg says. “I realized then that there was a real need in the industry for the services we now offer to lenders and AMCs.” Greg provides the strategic direction for Comergence, which works with both lenders and appraisal management companies (AMCs) to help develop new processes for due diligence and oversight of third parties.
What He Likes about Comergence
“Comergence is creating a consistency in the mortgage industry for the way third parties are vetted and monitored,” Greg says. “We’ve standardized what used to be a pretty fragmented approach. In effect, Comergence has created a gold standard for the screening and monitoring of third party originators and appraisers. Comergence is doing something to positively affect an industry that’s been much maligned over the years. I like to think that our processes help keep the bad actors from re-entering the market.”
Life Outside the Office
Greg grew up in Oakfield, New York, a small village between Rochester and Buffalo. After a particularly bad snow blizzard in 1977, Greg headed for Southern California, where he’s remained ever since. Greg and Silvia, his wife of 21 years, raised two children, Jessica and Mitchell, who are leading successful careers of their own. They are proud grandparents of two little girls . . . so far!
Little Known Fact
Greg is a bass player in a band, and buys, sells and collects bass guitars as a hobby.