Phil Crescenzo Jr., a high-producing loan officer in South Carolina, is joining NFM Lending. The relocation was announced Friday on social media by NFM managing director Greg Sher.
Crescenzo pertains to NFM after a two-year stint as Southeast division manager for Country One Home Mortgage Corp. His prior experience also consists of functions as a producing branch manager for American Pacific Home Mortgage and Cardinal Financial.
Sher said in a LinkedIn post that signing Crescenzo was a spur of the minute choice for both parties. Crescenzo apparently fulfilled NFM President LaTasha Waddy at a current Mortgage Bankers Association event and quickly became thinking about joining NFM.
“For me, I fell head over heels for him when in our first conference over dinner, he began welling up– genuine tears flowing– when sharing how he assisted a single dad win a custody fight due to the fact that he was able to help him buy a home,” Sher composed. “… For each loan producer with an eye on cashing the biggest check, there are individuals like Phil whose real reward is effect.”
Crescenzo informed HousingWire that the “NFM leadership, the technology and their team in all departments were really special and really versatile to bringing our branch vision to life.”
According to Modex information, Crescenzo closed 323 loans for roughly $107 million in volume over the previous year. Most of his organization occurred in South Carolina, with extra activity in the Charlotte, Atlanta and Jacksonville areas. The bulk of his origination volume is connected to Federal Real estate Administration (FHA) and U.S. Department of Veterans Affairs (VA) loans.
“I felt very comfy with the group, the items, the ability to compete with what we’re currently doing, which is being extremely dominant in the FHA and VA space,” Crescenzo included.
Sher told HousingWire that Crescenzo mostly serves African-American customers and has “huge aspirations to grow his effect,” which NFM plans to assist with through extra resources.
“The goal is to use our line of product and exclusive tech stack to assist him grow into a department,” Sher said. “I think he has the vision and drive to lead a billion dollar group. This journey begins today.”
NFM Lending– based in Linthicum, Maryland– announced a growth in November when it accepted get Homespire Home loan. NFM’s Bob Tyson told HousingWire at the time that the purchase was a win-win for both business, allowing NFM to grow its “reach and resources,” while offering Homespire “access to all the bells and whistles of a larger company.”
In January, NFM revealed that Waddy would become its new president as Tyson moved into the CEO’s role. Waddy has actually been with the company since 2010, formerly servicing as executive vice president and primary legal officer.
Inside Mortgage Finance reported that NFM was the 47th-largest U.S. mortgage loan provider in 2025. It stemmed $7.26 billion in volume, up 10% from 2024.