Vice President, Mortgage Operations
Lorraine Sato presides over all Mortgage operational functions at Equity Financial Trust Company, including underwriting, funding, servicing and default management. She leads the development of our Mortgage operation policies and procedures, as well as building our operational team.
Lorraine has been a leader in the residential mortgage industry for over 40 years. She was part of the team that led CIBC/FirstLine in the 1990s and was instrumental in its growth during those years; in 1999, she started its Alt-A residential lending department. In 2002, Lorraine moved to GMAC to establish its Canadian underwriting division for Alt-A residential lending. There, she developed all lending products, guidelines, policies and procedures, while overseeing in excess of $2 billion in funding annually. Lorraine left GMAC in 2005 to start Radius Financial (previously myNext Mortgage Company) where she led the underwriting team for eight years and managed relationships with third-party partners. Lorraine also developed the guidelines and procedures for underwriting and funding, while implementing new programs and products.