Mike Patterson, chief operating officer of Freedom Mortgage, is responsible for the oversight of many functional and operational areas, including capital markets, finance, investor relations, mortgage operations, corporate communications, events and corporate philanthropy, as well as the strategic growth of the company. During the past year, as interest rates remained high, Patterson helped position Freedom Mortgage to be one of the top 10 origination and servicing companies in the industry. His strategic leadership has put the company in the right structure for operational readiness and profitable growth. At the end of last year, Freedom Mortgage had a customer base of 2 million homeowners representing over $460 billion in loans. Today, the company continues to grow.
Patterson joined Freedom Mortgage in 2006 through an acquisition, and in 2008 he was promoted to vice president of Finance. In 2013, Patterson was promoted again, and his leadership role and responsibilities have continued to expand. By 2019, Patterson was appointed chief operating officer, overseeing thousands of employees and focusing on operational excellence while growing the company into one of the largest mortgage lenders across the country.
In the capital markets group, Patterson has been nimble in finding solutions and proactively sourcing opportunities for the company to further expand. He has been a key leader in capital raising efforts for the company. Over the past 12 months, Patterson helped lead a group that raised over $2 billion in secured and unsecured financing, which is pivotal in the growth of the servicing portfolio and the origination units.
What’s the best piece of advice you’ve ever received?
“Work hard, nothing is given.” I love this advice as it applies to all aspects of your life, whether at work managing people, as an individual contributor, in a relationship, or having a family with kids. If you keep in mind that nothing is given, you will work hard and continue to push yourself, which is the recipe for success in whatever you are trying to accomplish.
Name:
Mike Patterson
Title:
Chief Operating Officer
Company Name:
Freedom Mortgage
