The Money Store changes up leadership team

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The Money Store, based in Florham Park, is realigning its senior leadership team, bringing Jeff Carter on board as chief operating officer and naming current COO Peter Alvarez as chief lending officer.

A 22-year mortgage industry veteran – 17 of those in leadership roles – Carter has worked for Caliber, Bank of America, Security Mortgage, Washington Mutual, LoanDepot and NEO Home Loans, according to an Aug. 9 personnel announcement.

In his new position with The Money Store, Carter is responsible for the disclosure desk, opening, processing, underwriting and closing to improve productivity, data integrity, customer experience and overall execution, the direct mortgage lender said.

“I’m excited to join an organization celebrating its 50th year in business,” Carter said in a statement. “I’m surrounded by seasoned mortgage professionals who have navigated the difficult times in this industry and have always found a way to survive and thrive during challenging times.”

The Money Store is licensed in 47 states and offers online and in-person services, including at its Florham Park and Northfield branches, according to its website.