Market Overview

Residential Finance Corp. Hires New Directors in Banking Operations


Residential Finance Corp. (RFC), a nationwide mortgage lender, announced that Michael Timms has joined the company as director of capital markets and Betty Ann McCloud as director of operations.

Timms is based at the company headquarters and has more than 20 years of experience in secondary marketing and capital markets, which he continues to manage in his role at RFC. Before joining the company, he was director of capital markets at MetLife Bank and was responsible for all capital markets activities. Prior to MetLife, Timms was vice president of capital markets for First Horizon Home Loans.

“RFC is focused on continually enhancing the loan process to make it faster and easier to greater benefit our customers,” said Michael Isaacs, CEO of RFC. “Strengthening our leadership in the banking operations department with individuals who are dedicated to customer service excellence is a vital part of accomplishing that goal. Mike and Betty Ann are experts in their respective fields, and we are delighted to have them join our team.”

McCloud is located in Charlotte, N.C., and manages the operations team, which includes processing, underwriting and closing for the retail branching and Internet lending divisions. Throughout her career, she has had management roles in underwriting, quality assurance and branch administration/production with various mortgage companies, including Allen Tate Mortgage. She is a member of the Mortgage Bankers Association and America's Mortgage Underwriters Group.

About Residential Finance Corp.

Founded in 1997, Residential Finance Corporation (RFC) (, offers homeowners and homebuyers nationwide a wide range of home mortgage loan options, including special lower-rate government-insured FHA and VA loans, residential mortgage loans, jumbo mortgage loans, and reverse mortgages. RFC's highly-trained staff delivers mortgage expertise and customer service excellence, winning the company many awards, including Columbus Business First Corporate Caring Award, Columbus Business Journal Best Place to Work, Florida Trends Best Company in Florida, American Business Award Sales Department of the Year, Inc. Magazine INC5000 Fastest Growing Company, and American Society of Training and Development Excellence in Practice. Headquartered in Columbus, Ohio, RFC has branches throughout the country, and is seeking loan officers and branch managers to join their network of branches. For more information contact Jessica Manna at 614.255.4317 or NMLS#1652. Equal Housing Lender. Equal Opportunity Employer.

Media Contact for RFC
Charlyne H. McWilliams, 301-933-5567

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