MOUNTLAKE TERRACE, WA – MILA, Inc., the e-commerce mortgage provider also doing business as Mortgage Investment Lending Associates, announced the promotion of Mark Hikel to president effective April 5. Mark joined MILA in 2000 as Executive Vice President and National Sales Director bringing 16 years of financial and sales experience. Since 2000, MILA’s lending volume has increased from $234 million to a projected $5.5 billion in 2005 and the sales staff from 36 to nearly 300.
Hikel will assume all aspects of day to day management of the organization and ensure alignment with current and future business objectives. Layne Sapp, MILA’s founder, will continue as CEO, focusing on strategic growth initiatives. “Mark’s commitment, contribution, and influence tied to MILA’s rapid expansion over the past 5 years are known factors.” said Sapp. Noting that it was MILA’s intense growth which necessitated this operational change in the corporate infrastructure, Sapp added, “Having Mark Hikel at the helm of the organization not only creates a stronger management team but will ensure greater company success.”
This change comes in the midst of many emerging opportunities for MILA. Enhanced technology, additional loan programs and services, and self securitization are all on the agenda for MILA over the next 12 months. With Hikel managing daily operations, Sapp will devote more time to longer-term strategies and projects which move the organization closer to creating a streamlined loan process that delivers a closed loan within four hours.
About Mark Hikel
Before joining MILA, Hikel was executive vice president at Loraca International. His previous experience also includes serving as executive vice president at DMR Financial Services, Inc. and co-founder and president of HomeAmerica Financial Services, Inc, which was later sold to DMR. Hikel’s early financial career includes Bank One Financial Services, CIT Group, and Commercial Credit Corporation. Hikel earned his B.S. at Northern Arizona University majoring in finance. He is a member of the Mortgage Bankers Association.
About MILA
MILA, Inc. is one of the fastest-growing e-commerce mortgage solutions providers in the nation currently serving the wholesale residential market in 26 states with a broad range of alternative mortgage lending products. Financial strength, management stability, and proprietary, cutting-edge technology give MILA the ability to meet the challenges of the ever-changing mortgage lending market and to anticipate market trends.
|
Press Releases 