American Pacific Mortgage announces Ned Payant as President
Roseville, CA — October 1, 2020 — American Pacific Mortgage (APM) announced on a recent all-hands meeting that it has appointed Ned Payant as the president of the company. Payant will be responsible for overseeing the company's production, operations and fulfillment, and recruiting sides of the business.
No Accident
Bill Lowman, CEO (and former President) of APM made the announcement to the group in attendance. “As the company has grown and the challenges facing mortgage companies grow more complex, it became clear the organization needed to hire a President that could help steer the ship hand in hand with the rest of the Leadership Team. It’s no accident that Ned is only the third President in the history of APM. We’ve had amazing success with our organizational structure and weren’t willing to make a change at the helm for just any candidate. In the end, the primary reason for promoting Ned Payant to President is quite simply….Ned Payant. He has been a star member of the executive leadership team, and we strongly feel this new structure best serves the organization and positions American Pacific Mortgage for the future and all the opportunities and challenges that lie ahead.”
A History of Success
Payant has led Enterprise Production for the past 2.5 years and previously served as EVP of Operations at APM for 7 years. He is a 30+ year industry veteran with production and operations leadership experience at other organizations. With national expansion efforts underway at APM, Payant is the perfect fit for this role with his production and operations expertise.
This position was previously rolled up under APM CEO Bill Lowman. Lowman will remain CEO while divvying up responsibilities to help drive the company's growth strategies in 2021.
About American Pacific Mortgage
American Pacific Mortgage was founded in 1996 and is a national independently owned and operated retail mortgage lender known for Creating Experiences That Matter™ for our people and our customers. Based in Roseville, California, APM is a top-ranked mortgage lender in the U.S., winning multiple awards annually, including Top Mortgage Lender, Most Loved Employer, and Top Place to Work.
APM is 49% employee-owned through an employee stock ownership plan, a distinguishing difference that creates long-term savings for those who stay with the company. It is licensed in 49 states, employs more than 2,600 people, and has over 350 branches, many of which operate under their own DBA names. APM’s rallying cry is to be 100% focused on our originators and branch managers because our customers reap the benefits when they look good. APM’s charitable entity, APMCares, is entirely funded and run by employees and supports an array of organizations throughout the country with funds and volunteer hours, as well as assistance for employees struggling due to a medical, financial, or bereavement hardship. For more information about APM, visit www.APMortgage.com.
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