Arc Home LLC, a non-QM and non-Agency wholesale and correspondent lender, has named Brian Devlin as president.
Devlin is also set to assume the role of CEO following a transition period with current chief executive, Richard Bradfield, who is leaving the firm to pursue other opportunities.
Prior to joining the Mount Laurel, New Jersey-based Arc Home, Devlin was managing director at Finance of America Companies. Earlier in his career, he held director of capital markets positions at Incenter and Ditech Mortgage Corp.
“Brian is an exceptional leader with a background and strategic vision that align perfectly with the goals of Arc Home,” said Nicholas Smith, a managing director at Angelo Gordon, Arc Home’s parent company. “We are confident that under Brian’s guidance, the company will continue to excel and provide unmatched solutions and service to our clients. Also, I’d like to thank current CEO Richard Bradfield for his dedication to Arc Home over the last five years, bringing it to a Top-10 non-QM lender.”