“We are excited to welcome Michael to the Sprout leadership team,” Pallante said.  “Michael will help drive our commitment to significantly build out Sprout’s retail sales channel through direct-to-consumer outreach, brick-and-mortar retail facilities, and strategic joint ventures – all designed to help Sprout better serve our end-user clients with high-quality financial solutions for homeownership and investment properties.”

Johnston held various roles at Wells Fargo’s home loan division, including Southeast division manager and regional sales manager in the Miami and Philadelphia regions. Before that, he was a sales manager at PNC Bank in Princeton, NJ.

“Sprout is the most innovative and exciting platform in the non-QM residential mortgage industry, and I’m proud to be part of the company’s ongoing growth as we bring the Sprout brand, sterling reputation, and client-focused mortgage solutions to a nationwide audience,” said Johnston.