First Choice News

First Choice Loan Services Welcomes Greg Reynolds and Launches Collateral Services Department

Greg Reynolds

EAST BRUNSWICK, NJ (December 9, 2016) – New Jersey-based residential mortgage lender First Choice Loan Services Inc., a Berkshire Bank Company, proudly announces Greg Reynolds has been hired as its new vice president and chief appraiser of collateral services. This newly established department will provide end to end in-house appraisal services and management for all First Choice Loan Services residential mortgage production.

Reynolds has been in the residential valuation space for three decades, over two of which have been in the appraisal and vendor management space. He has developed two startup appraisal management companies and has an extensive background in both the capital markets space as well as the forensic valuation space. Reynolds holds a residential certification from the State of Texas and is a peer investigator and mentor for the Texas Appraiser Licensing and Certification Board. In addition to his vast residential valuation experience, he has taught at both the collegiate and continuing education levels on subjects from economics to real estate finance and mathematics.

In his new position, Reynolds will be responsible for the day to day management of the appraisal portion of the mortgage process. Along with this, Reynolds will be responsible to bring the best and most experienced appraisers to be a part of the First Choice Loan Services roster.

“It’s truly a great time to join First Choice Loan Services, especially as we begin this journey with our new parent company, Berkshire Bank,” said Reynolds. “I’ve been fortunate to build a strong career focusing on the home appraisal portion of the mortgage process, and I know exciting developments are on the way as we incorporate this into the First Choice Loan Services home loan experience. This will enhance the boutique style service the company is known for, and I am thrilled to be a part of strengthening the well-trusted name of First Choice Loan Services.”

Senior Vice President of Collateral Services Joseph Baio looks forward to the opportunities the new department will create and the role Reynolds will play.

“Establishing the collateral services department and having our own internal appraisal desk at First Choice Loan Services is a part of the company’s plan to build and expand the value we bring to the home loan process,” said Baio. “Having Greg join this team and bring with him the strong foundation he has in this realm, we are bound to see amazing improvements to our already well-orchestrated mortgage process. I am excited to work with Greg and the collateral services team to increase the strength, support and stability we bring to our homebuyers, homeowners and business partners.”

Reynolds earned a master’s of science in economics from Texas A&M University, Commerce. Based in Garland, Texas, he holds a private pilot’s license and a 1st degree black belt in Tae Kwon Do. Reynolds considers his most important accomplishments to be his two amazing children and his 7 even more amazing grandchildren.



About First Choice Loan Services Inc.
First Choice Loan Services Inc., a Berkshire Bank Company is headquartered in East Brunswick, New Jersey. Founded in 2009, the company is licensed to originate and close residential mortgage loans nationwide, excluding Arkansas, Hawaii and New York. With 11 locations across 6 states and close to 500 employees, First Choice Loan Services Inc. offers FHA and VA programs, Jumbo loans, fixed and adjustable rate loans, and refinancing and renovation programs. First Choice Loan Services Inc. is an Equal Housing Lender, NMLS #210764. Licensed by the New Jersey Department of Banking and Insurance. AZ BK# 0918586. To learn more about First Choice, visit

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