Movement Promotes Terry Barrett to New Role Focused on Home Builder Relationships - Movement Mortgage Blog

RALEIGH, NORTH CAROLINA — Movement Mortgage, the nation’s sixth-largest retail mortgage lender, is bolstering the ranks of its leadership with the creation of a new position dedicated to developing and improving relationships with new construction builders across the United States.

Terry Barrett, who joined Movement just over one year ago as regional builder manager, steps into a newly created position as director – national builder division. In this role, Barrett will manage national builder relationships, develop new partnerships and help strengthen our position as a recommended lender option among the builder community and the homebuyers working with them. 

Barrett joined Movement in July 2021 after nearly 35 years of experience in the industry, most recently as a regional builder sales manager with Wells Fargo Home Mortgage, where he worked for over two decades. 

“There has never been a better time than now to elevate Terry into this role to provide best-in-class service to our existing builder relationships as well as attract and support new builders,” said Mike Brennan, Movement Mortgage president. “New home construction will be a major focus for the organization to meet the demands of the market where inventory is still low. We are committed to serving our builder relationships and sales team with Terry at the helm!”

Movement’s builder division has rapidly expanded across the U.S. as home builders have benefitted from Movement’s builder-centric lending process. With the current housing situation putting pressure on builders nationwide, well-handled loan processes and approvals are crucial to a builder’s bottom line. By providing an outstanding buyer experience — utilizing underwriters and processors who understand the builder-specific timelines and requirements of new construction — Movement aims to eliminate concerns that homebuyer loan approvals will get in the way of growth and achievements. 

“Each day, I’m more excited than the previous day to continue my work to grow the Movement builder division across the entire company. We have a great team today, and I can’t wait to see what we build together,” said Barrett. “Happy to lead the charge!”

A native of Yorktown, Virginia, Barrett holds an undergraduate degree from James Madison University and an MBA from the University of Richmond. He resides in Raleigh, NC, with his wife, Kristin, and daughters Piper, Sophie and Alexandra. When he gets a spare moment, he enjoys tending to his hobbies, including guitars, music, cars and golf.

 


 

About Movement Mortgage

Movement Mortgage exists to love and value people by leading a Movement of Change in its industry, corporate culture and communities. Funding approximately $30 billion in residential mortgages annually, Movement is the sixth-largest retail mortgage lender in the US Movement is best known for its innovative mortgage process and referable experience, which begins with Upfront Underwriting and a seven-day loan processing goal. The company employs more than 4,000 people, has more than 650 branches in the US and is licensed in 50 states. After funding its balance sheet and investing in future growth, Movement’s profits are paid to its primary shareholder, the nonprofit Movement Foundation. To date, Movement Foundation has received more than $360 million of Movement profit to invest in schools, affordable housing, communities and global outreach. For more information, visit www.movement.com.

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