MURFREESBORO, TN — First Community Mortgage announced today that Miguel Vega has been named AVP of Business Development.
In the AVP role, Vega will play a major part in helping FCM reach out to the growing Hispanic market. In Middle Tennessee, it is projected that 13 million of the 17 million new households between 2010 and 2025 will be diverse.
“Miguel has a tremendous amount of success in the retail sector,” said Keith Canter, founder and CEO of First Community Mortgage. “Miguel’s FCM Business Development responsibilities will lead the company’s planning and execution of Multi-Cultural lending initiatives, and millennial strategies to better serve these segments within our communities,” Canter continued.
Vega, who has relocated here from California, has over 12 years of experience implementing go-to-market strategies, 10 years of experience with purchasing and merchandising strategies, and over 15 years of international business development in the United States, Latin America, and Asia.
“After several years as a business development and retail executive in California, my interest for economics and market research made me realize the enormous potential of the dynamic economy of Tennessee being one of the fastest growing Hispanic markets in America,” said Vega.
The possibilities to develop new opportunities for Vega and his family happen to be what drew him to the region. He went on to say, “These factors eventually led me to accept the invitation and the exciting challenge of starting the new business development division here at FCM.”
Referring to the growing Hispanic market in Middle Tennessee Canter went on to say, “This position will serve a dual purpose; providing FCM with the ability to design and impart corporate education materials directed to our lending division and to our lending partners, as well as, to generate and execute new market segments penetration programs.”
“FCM is ready for the opportunities and relationships Vega brings to FCM and Middle Tennessee. The goal is to start focusing on minorities and with the help of Vega, we feel like this goal will soon become a reality,” said Canter.
Founded in 2002, First Community Mortgage is a wholly owned subsidiary of First Community Bank (TN) with operations centers in Murfreesboro, Louisville and Kansas City. First Community Mortgage is a FNMA, FHLMC and GNMA seller/servicer and offers mortgage solutions to consumers and financial institutions. With mortgage volume of $1.6 billion in 2015, First Community Mortgage was ranked #6 for 2014 in the Nashville Business Journal’s Book of Lists and #2 for 2015 as published by Metrostudy.
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