CARLSBAD, Calif. — National Loan Exchange recently announced the addition of Paul Banninger to its staff. Banninger will serve in the role of vice president of sales.

Officials said he brings 30 years mortgage lending and real estate collection experience to NLEX.

"We are excited about Paul joining our team and look forward to broadening the scope of services we offer," said Aaron Hadam Sr. vice president. "Paul's depth of knowledge and industry insight further position NLEX" to provide a "Best in Class" service to new and existing clients."

Prior to joining NLEX, Paul served in executive level positions with many of the nations leading issuers of credit, including as national director of sales for Wilmington Finance, senior executive vice president of Banc One Financial with oversight of both retail and wholesale channels, and vice president of real estate lending and collections for Household Finance Corp. 

In addition, Banninger has held various consulting roles within the subprime mortgage industry, executives noted.