Total Mortgage Services Hires Michael Dimech to Head Operations

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Responsible for enhancing the Company’s operational infrastructure and lending value chain.

Total Mortgage is focused on continuing to enhance its operational efficiency and mitigate risk throughout the lending value chain

Total Mortgage Services, LLC, a leading mortgage lender and broker that offers some of the lowest mortgage rates available, announced today the hiring of Michael Dimech as the Company’s new head of operations. Mr. Dimech brings to this new position over 15 years of operation management and underwriting experience within the mortgage industry with a strong focus on efficiency modeling, risk management and team building. Mr. Dimech will play an important role in the Company’s risk management efforts and will be based in Milford, Connecticut.

“Total Mortgage is focused on continuing to enhance its operational efficiency and mitigate risk throughout the lending value chain,” commented John Walsh, President of Total Mortgage. “Michael’s extensive background in both operational management and underwriting processes will help balance Total Mortgage’s production growth and back office compliance as we expand our wholesale channel, TMS Funding and geographic footprint.”

In his new role, Mr. Dimech is responsible for managing the operation of Total Mortgage, from the time the loan package is received from the borrower until the time the loan is sold to investors. Mr. Dimech will focus on improving the efficiency of the loan process and delivering the highest level of customer service.    

Mr. Dimech joins Total Mortgage from Wells Fargo Mortgage Corp., where he served as Sales Loan Administration Manager managing a team of processors and branches throughout Connecticut and Massachusetts. Previously, he was employed for almost nine years at Citimortgage Inc., where he held operational and underwriting roles including Vice President- Operational Risk, Assistant Vice President-Operations Manager and Senior Underwriter. In addition, during his career Mr. Dimech has held underwriting and mortgage closing position at First Union Mortgage, Principal Residential, Webster Bank and Centerbank Mortgage.

"I am very excited about becoming part of an exceptional team of managers at Total Mortgage to help further prepare the Company for its next stage of responsible growth, stated Mr. Dimech. “Having recently entered the wholesale channel and with plans to originate loans in 45 states by the end of 2011, it is a perfect opportunity for Total Mortgage to assess and implement best practices, streamlined processes to create efficiencies and further reduce its risk profile.”

About Total Mortgage Services, LLC

Total Mortgage Services, LLC, a provider of some of the lowest mortgage rates, is an industry-leading direct mortgage lender and mortgage broker. They have funded over $6 billion in mortgage loans since 1997. Total Mortgage was included in the Inc. Magazines' list of America's Fastest Growing companies in 2010. Licensed in 21 states, Total Mortgage offers a variety of products and programs including fixed-rate loans, adjustable rate mortgage loans (ARMs), jumbo loans, FHA mortgages and more. Visit TotalMortgage.com for current mortgage rates, FHA mortgage rates, jumbo mortgage rates, ARM rates as well as other mortgage rates. For more information on Total Mortgage, please visit http://www.totalmortgage.com.

Media Contact:                    
John Lovallo
Lovallo Communications Group
Telephone: 203-526-6371
Email: john(dot)lovallo(at)lovallocommunications(dot)com
or email Total Mortgage directly at press(at)totalmortgage(dot)com

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Ujjwal Bhattarai
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