Schroeter joined Homeward Residential Capital in 2011 with the acquisition of Cooper River Financial, LLC, bringing with him 27 years of extensive experience in developing unique and profitable warehouse lending business initiatives. Prior to joining Homeward Residential Capital, Schroeter was a Partner and President at Cooper River Financial, LLC, which has been at the forefront of developing liquidity solutions for electronic mortgage notes. Schroeter began his career at MidLantic Banks based in Edison, New Jersey in 1985 as a Credit Management Trainee and Assistant Cashier and worked in the Real Estate Lending Group. He then spent seven years at GE Capital in positions of increasing responsibility and scope including VP of Warehouse Lending, responsible for Business Development. He was promoted to Program Manager managing GE Capitals commercial paper program (Cooper River Funding) used to finance warehouse facilities for GE Capitals Mortgage customers. In this role he had operational and credit risk responsibilities as well as managing the rating agencies (S&P and Fitch) and liquidity lenders needed to sponsor the Cooper River commercial paper business model.In 1999 Schroeter moved to GMAC Bank as the Senior Vice President Business Lending and rose to the position of Senior Managing Director of GMAC Bank. As Senior Managing Director for GMAC Bank, Schroeter led the correspondent and third party wholesale channels as well as GMAC Banks warehouse lending unit. The successful Warehouse Express and the Accelerated Loan Purchase programs were new initiatives created by Schroeter at GMAC. Each of these programs were tailored to either bring warehouse type financing to small lenders or to source warehouse funds from non-traditional capital sources. He was also responsible for the successful integration of ResCaps warehouse lending operations platform into the bank. Schroeter is a graduate of Villanova University and earned a degree in Economics with Honors.
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