Boulder, Colo., Dec. 21, 2022 (GLOBE NEWSWIRE) — Quarter, Inc., the first U.S. partial equity home financing program and technology platform, is pleased to announce the appointment of Shannon Diesch as CEO. Diesch is on a mission to provide innovative and affordable housing finance to the millions of Americans who are currently homeless as traditional mortgage rates are near their highest in 20 years. Leads the Quarter in
“I am honored to join Quarter as CEO,” said Diesch. “I am a young leader, and providing affordable housing for millions of Millennials and Generation Z peers is very close to my heart. We desperately need affordable housing to share the American Dream, and I believe financial innovation powered by scalable technology is the right way to deliver on that promise. I can’t think of any significant reason for this, and I’m excited to move Quarter forward into a bright future.”
Diesch has been with Capital One for the past three years, focusing on credit and risk management of Capital One’s domestic cards portfolio. Diesch graduated from Columbia University in Computer Operations with a minor in Science and Economics. He has completed his Capital and Private He Equity programs.
About the quarter
Quarter is the first U.S. partial-equity-based mortgage financing company designed to provide home financing to millions who cannot afford to buy a home using traditional debt-based mortgages in today’s high interest rate environment. It is a housing financing program and enables a technology platform. A well-vetted quarter for regulatory compliance favors passive returns from consumers who need alternatives to high-cost mortgages to own homes and partial home equity portfolios – Prefers passive returns from partial residential property portfolios – Direct bonds.
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