Western Alliance Bank Hires Nick Richards as SVP of Structured Finance in Specialized Mortgage Services Sales Group
March 01, 2023
PHOENIX — Western Alliance Bank today announced that Nick Richards has joined the organization as senior vice president of structured finance in the bank’s Specialized Mortgage Services group, which offers solutions for warehouse financing, MSR financing and note financing as well as correspondent seller partners for AmeriHome Mortgage, a Western Alliance Bank company.
Richards has more than 15 years of progressive experience in credit analysis and commercial real estate banking. Based in Maryland, he will serve Specialized Mortgage Services clients nationwide, primarily focusing on the Specialized Mortgage Services group’s mortgage servicing rights (MSR) lending business, including bilateral MSR loans and MSR debt syndications.
“Nick is a welcome addition to our Specialized Mortgage Services group and warehouse lending team,” said Steve Curley, Chief Banking Officer, National Business Lines. “His lending and relationship management background complements our existing team and puts additional power behind our focus on delivering smart, targeted banking products and services that help our customers strengthen their businesses.”
Richards has held multiple commercial lending roles with M&T Bank, East West Bank and Israel Discount Bank. Previously, he worked in commercial real estate investment and credit analysis at Marcus & Millichap and HSBC Bank USA.
“Western Alliance Bank clearly offers unbeatable opportunity to its people and customers, particularly in the evolving real estate lending industry,” Richards said. “I am excited about joining this innovative team that serves all of its clients with great solutions and great dedication.”
Richards earned a Bachelor of Arts degree in financial economics from Marymount University.
About Specialized Mortgage Services
Western Alliance Specialized Mortgage Services, a national banking group within Western Alliance Bank, Member FDIC, delivers comprehensive funding resources to mortgage originators and independent mortgage bankers across the country. Led by experienced senior industry executives, the relationship banking team offers warehouse lending and mortgage servicing rights (MSR) with exceptional responsiveness. The Specialized Mortgage Services group is part of Western Alliance Bancorporation, which has more than $65 billion in assets and ranked #1 among top-performing large banks in 2021 by both American Banker and Bank Director. With significant national capabilities, the Specialized Mortgage Services group delivers the reach, resources and deep industry knowledge that make a difference for customers. For more information, visit Western Alliance Specialized Mortgage Services.
Western Alliance Bank
With more than $70 billion in assets, Western Alliance Bancorporation is one of the country’s top-performing banking companies. Its primary subsidiary, Western Alliance Bank, Member FDIC, offers a full spectrum of tailored commercial banking solutions and consumer products, all delivered with outstanding service by banking and mortgage experts who put customers first. Major accolades include being ranked as a top U.S. bank in 2023 by American Banker and Bank Director and receiving #1 rankings on Institutional Investor's All-America Executive Team Midcap 2023-2024 for Best CEO, Best CFO, Best Company Board of Directors and Best Investor Relations Team. Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking and financial brands with offices in key markets nationwide.