Darrell Pennington
Chief Operations Officer at Mortgage Masters of Indiana
- Role
- Managing Director at Milestone Investments
- Location
- Evansville, IN, US
- LinkedIn followers
- 500 followers
About Darrell Pennington
Developing de novo business platforms and strong operations/business improvement project…
Experience
Managing Director
Aug 2007 — Present
Responsible for development and implementation of business plan and implementation of business model for de novo real estate portfolio as well as ongoing financial controller responsibilities.Rolled out a General Contracting division of the company October 2009. Focus is on rehabbing properties for investors and homeowner remodels.Ø $950K in start up funding sourcedØ $2.4M in AssetsØ $1.2M Net worthØ 110 properties acquired to dateØ 1.50 DSC ratios for cumulative portfolioØ 110% NOI for cumulative portfolioØ 25%+ Annual profit margins Ø Gross-positive cash flows on portfolio
Education
Western Kentucky University
B.A., Public Relations & English with a Writing Emphasis
1987 — 1993
Western Kentucky University
M.A., Corporate and Organizational Communications
1993 — 1995
Skills
- Strategic Planning
- Customer Service
- Business Process Improvement
- Underwriting
- Budgets
- Process Improvement
- Finance
- Program Management
- Business Development
- Loan Origination
- Training
- New Business Development
- Budgeting
- Fha
- Mortgage Lending
- Consumer Lending
- Real Estate
- Sales
- U.s. Federal Housing Authority (Fha)
- Project Management
- Management
- Portfolio Management
- Marketing
- Contract Negotiation
- Start-Ups
- Loans
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