Raymond Monahan promoted chief operating officer of TMC Financing
TMC Financing today announced the promotion of Raymond Monahan to executive vice president/chief operating officer. Monahan joined TMC in January 2014 as senior vice president/servicing department manager, successfully leading the reorganization of that department.
“Ray has extensive SBA lending experience,” said TMC Founder and CEO Barbara Morrison. “Under his leadership, the servicing team made significant improvements in workflow efficiencies, documentation and compliance. His expertise also has helped minimize loss exposure for TMC and the SBA.”
Monahan began his finance career with the U.S. Small Business Administration, serving as the chief of finance until 2003. He managed the SBA department at United American Bank, and served for nine years at Bridge Bank, first as SVP/credit administration officer then as SVP SBA department manager.
Monahan completed the Pacific Coast Bankers School graduate program at the University of Washington in 2012.