Tammac Adds Veteran Consumer Lending Leader to Drive Growth

WILKES-BARRE, Pa.–(BUSINESS WIRE)–Tammac Holdings Corporation (“Tammac”), a leading regional manufactured housing lender, announced today that Troy Cavallaro has been appointed as Chief Operating Officer (COO), reporting to Tammac President Jeff Poth. Tammac also announced year-over-year 1^st quarter loan originations growth of 565%, and expects Cavallaro will help continue to drive that trend as the company expands its geographic coverage and becomes a nationwide leader in the manufactured housing financing space.

“Troy brings a wealth of experience in both the direct and indirect consumer lending industries along with a track record of driving operational improvements and sales growth,” said Tammac President Jeff Poth. “His expertise and experience will accelerate Tammac’s growth and further expand our footprint in the manufactured housing industry to benefit dealers and consumers alike.”

The company plans to expand its offering of financial solutions for manufactured home dealers and park owners beyond mortgage loan products. These programs are expected to provide additional liquidity and increased cash flow to Tammac’s dealer and park partners. The company expects to announce further details of these initiatives in the 2^nd quarter of 2021.

The move unites Cavallaro, who has held leadership roles at a number of respected consumer lenders, with one of the fastest-growing players in manufactured housing lending space. Cavallaro has more than 27 years of consumer lending experience, serving most recently as VP/Managing Director leading centralized sales at OneMain Financial. He formerly served as CEO of Pelican Auto Finance, LLC, a company he co-founded in 2009. Cavallaro also served in leadership roles at ACC Consumer Finance, Household Auto Finance Corporation (HSBC), and The Aegis Consumer Funding Group.

“I’m grateful and excited for the opportunity to join Tammac, a diverse lending business that is well positioned to capitalize on the existing market opportunities,” said Cavallaro. “I’m joining a top-notch team with a strong reputation in the market, and together we will accelerate growth and drive innovation through the next phase of development.”

About Tammac Holdings Corporation

Founded in 1976, Tammac Holdings Corporation is a private equity-backed mortgage lender that specializes in programs for the manufactured housing industry. Based in Wilkes-Barre, Pennsylvania and currently operating in 14 states, Tammac has been a leader in offering new and competitive financing options to the manufactured housing industry. Tammac has originated over $1 billion in manufactured housing loans. For more information, please visit www.tammac.com.