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Las Vegas-headquartered Alterra Home Loans has promoted Fernando Ospina to president.

Ospina has worked for the company since 2018 and served as senior vice president of national production for the last year. Before joining Alterra, he was a sales manager at Paramount Residential Mortgage Group Inc. and a mortgage originator at MLB Residential Lending LLC.

“Fernando is a perfect example and result of our commitment to developing Latinos to assume leadership roles within our organization,” said Jason Madiedo, co-founder and CEO of Panorama Mortgage Group, Alterra’s parent company. “He is what we need and what the market needs, especially given his recent experience working with underserved families in the toughest of times. Fernando not only has tremendous knowledge of mortgage originations, but he’s also strategically and operationally disciplined.”