In 2023, Steve Thomas started a new correspondent lender, Futurewave Finance. His three decades in the mortgage industry include servicing as the senior managing director of mortgage capital markets at the Federal Home Loan Bank of Chicago, as well as time at Fannie Mae.
From his time in the FHLB system, Thomas learned that community banks want to participate in mortgage lending, but only if there’s a way to compete with both the banks and the nonbanks in the space. That’s why Futurewave is providing non-agency products for its bank customers.
Steve Thomas, President and CEO of FututeWave Finance, is a seasoned executive with almost 30 years of experience in residential mortgage trading, community banking, affordable housing, and diversity and inclusion…
