Craig Montgomery appointed Chief Strategy Officer at Lower

Columbus, OH, June 27, 2024 /PRNewswire/ — Mortgage fintech Lower® today announced the addition of Craig Montgomery as its new Chief Strategy Officer, a key step in Lower’s plan to become one of the top five national lenders.

A 27-year industry veteran, Montgomery has a proven track record of delivering smart, strategic growth to build a platform that mortgage lenders find attractive. In his previous role, he participated in driving the organization’s growth from the bottom up $2 billion until $50 billion in annual production over a ten-year period. This same drive for success and empowerment from leadership is what first drew Lower to Montgomery in his plans for growing market share.

“Craig is a builder, and a strategic one at that,” he said Then Snyder, Lower CEO and co-founder. “When we talked about our vision for Lower, our goal to be in the top five, and how we plan to build the future of mortgages with an online and offline approach, his eyes lit up. Finding someone with his experience and proven track record is a big win for the company.”

In his new role at Lower, Montgomery will oversee retail strategy and the expansion of the company’s technology-driven platform, which provides origination teams with the tools they need to achieve their goals.

“Lower offers an exceptional team, driven by an entrepreneurial spirit, backed by strong institutional support from Accel, Veritex and SoFi. Combine that with a strong balance sheet and hunger to win, and I couldn’t be more excited to get started,” said Montgomery. “Every experience in my career has prepared me for this opportunity, and I am excited about what this chapter will bring. My time at CrossCountry Mortgage has shown me what is possible.”

Lower’s multi-channel, tech-forward approach has played a major role in growing its market share. The company recently reported over 100% year-over-year growth in almost all metrics and is poised for further market share growth.

“The sky is the limit with our team and platform,” said Selene Kellam, General manager. “Our goal is not to be the biggest, but to be the best, and if we do our job the rest will take care of itself. Lower’s growth trajectory has already shown that we are the future of home lending. Craig joins our experienced and diverse leadership team will only accelerate that success. We are excited to partner with an industry professional as experienced and capable as he is, as he helps shape our growth in a way that many others do not. be able to.’

About Lager
Lower, LLC is a leading multi-channel digital lender ranked among the top 25 residential lenders in the country. Backed by top venture capital firm Accel, Lower operates an online consumer-direct channel, a distributed retail channel, and a wholesale channel, serving both brokers and other fintechs, such as leading e-commerce platform Opendoor.

SOURCE Lower, LLC