Regional Acceptance Corporation
Alec Sorrel has a diverse work experience, starting with their current position as an Auto Finance Credit Manager/Underwriter at Regional Acceptance Corporation since January 2022. In this role, they evaluate and underwrites loan applications for auto financing from a territory of 250+ dealers in Virginia. Alec operates in a fast-paced, high-volume environment, making decisions on up to 100 applications per day.
Prior to this, Alec worked at eXp Realty from January 2017 to January 2022 as a Licensed Realtor. Alec managed a portfolio of 50+ bank-owned residential homes, overseeing the foreclosure cycle, coordinating repair work, providing valuations, property preservation, and selling the properties on the open market. Alec consistently achieved high sales volumes, averaging 30-40 properties sold annually with a yearly dollar volume of $8-10 million.
From May 2012 to September 2015, Alec served as a Senior Mortgage Advisor at Union Mortgage Group. During this time, they originated retail conventional and government home mortgage loans, averaging over $1 million per month in loan originations for 2012-2014. Alec consistently ranked in the top 15% of new loan officers and top 40% of the company overall.
Alec's earlier experience includes working as an Account Executive at Option One Mortgage from November 1999 to May 2012. Alec developed and maintained broker relationships in the greater Richmond/Central Virginia area, handling pre-qualification, loan structuring, loan submission, and coordinating loan closings. Alec prioritized timely communication with brokers and provided support throughout the loan process.
Overall, Alec Sorrel has a strong background in finance, real estate, and mortgage, consistently demonstrating exceptional performance in their roles.
Alec Sorrel attended the United States Naval Academy from 1986 to 1988. Following this, they attended Virginia Tech - Pamplin College of Business from 1988 to 1993, where they earned a Bachelor of Science degree in Economics & Management Science. Additionally, there is mention of Alec attending Virginia Tech at an unspecified time, although no details are provided regarding the duration or the field of study.
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Regional Acceptance Corporation
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Regional Acceptance Corporation, headquartered in Greenville, N.C., Specializes in indirect sub-prime automotive financing and prime-to-near-prime portfolio acquisitions. A subsidiary of BB&T Corporation (NYSE:BBT), Regional Acceptance Corporation has 31 Regional Business Centers and three Customer Service Centers supporting dealers and customers in 39 states. The company conducts business with more than 10,000 dealers nationwide, offering local decision-making, flexibility and quick funding. Regional Acceptance has consistently ranked as one of the top auto finance companies in the United States. BB&T Corporation, the company’s parent, is one of the nation’s largest financial holding companies in the U.S. Headquartered in Winston-Salem, N.C, BB&T is rated as one of the safest and soundest financial institutions in the world with total assets in excess of $220 billion.