Our Team.

Resident experts at your service.

Consistently managing thousands of mortgage loans is a job for seasoned professionals. Ours are laser focused on every nuance, from our subservicing staff to the leaders at the helm (who have, on average, 16 years of mortgage experience.)  Introducing…

Peter T. Sorce, CMB

President & Chief Executive Officer

Peter serves as president of Midwest Loan Services, directing all aspects of the mortgage subservicing operation. He has more than 25 years of experience in mortgage banking, mortgage servicing, auditing and compliance. Peter was a co-founder of QR Lending, Inc. (Greystone Residential Funding, Inc.), a nationwide residential mortgage services company, where he held the titles of executive vice president & chief operating officer and chief financial officer. His experience also includes 12 years (combined) with Washington Mutual Home Loans Inc. and Fleet Mortgage Corp. where he served as first vice president and strategy manager. Peter earned the Certified Mortgage Banker (CMB) and Certified Treasury Professional (CTP) (fna Certified Cash Manager (CCM)) designations and is a member in good standing of the Society of Certified Mortgage Bankers, the Mortgage Bankers Association (MBA),  the American Bankers Association (ABA) and the Independent Community Bankers of America (ICBA). He holds a bachelor’s degree in business administration with a major in accounting and a minor emphasis in economics from the University of Wisconsin-Milwaukee.


Rhonda M. Welsh

Senior Vice President Loan Administration

Rhonda is the SVP of loan administration and has over 25 years of mortgage banking and mortgage servicing experience. She oversees Midwest’s customer service/call center and mail room, as well as daily operations regarding insurance/escrow, tax, new loan boarding, special loans, release and payment processing. Previously, Rhonda was vice president and director of loan servicing for QR Lending, Inc., and assistant Vice president for CUNA Mutual Mortgage Corporation, a national mortgage originator and servicing/subservicing provider servicing $11 billion in mortgages. Ms. Welsh holds an associate’s degree in marketing from Madison College.


Jon Rastello

Vice President Business Administration

Jon has more than 25 years of experience in the financial services industry, including 13 years in mortgage servicing. He currently oversees Midwest’s quality control, quality assurance and lean processing initiatives and acts as a liaison between operations and the IT group. Jon has gained a wide range of servicing operations experience from  serving as Midwest’s payment processing manager and servicing manager. Prior to Midwest Loan Services, he was an operations officer for D&N Bank, where his responsibilities included oversight of the item processing and lockbox operations. Jon also worked as a programmer/analyst for D&N Bank and other companies. Jon has a bachelor’s degree in mechanical engineering from Michigan Tech University.


Bozena (Bo) Drelich

Vice President Default Administration

With more than 14 years of experience in mortgage servicing and originations, Bo  oversees all default areas at Midwest Loan Services, including: collections, loss mitigation, foreclosure, bankruptcy and claims. Prior to joining Midwest, Bo held various positions in the mortgage industry and gained valuable knowledge of originations, underwriting, loan processing, escrow management and default administration. Bo has taken numerous training courses with The American Bankers Association (ABA), the Mortgage Bankers Association (MBA), the Consumer Financial Protection Bureau (CFPB), the Federal National Mortgage Association (FNMA), the Federal Home Loan Mortgage Corporation (FHLMC), Federal Housing Administration (FHA) and the Veterans Association (VA.) Additionally, she has passed the SAFE Act exam.


Jody M. Zersen

Vice President Business Development

Jody has over 25 years of mortgage banking and mortgage sales experience. She oversees the planning and coordination of comprehensive and diversified business development programs, including all sales, marketing and promotional activities. Prior experience includes nine years as director of lending solutions for QR Lending, a national residential mortgage services company, where she was responsible for national sales, marketing, training and client relations. Jody also spent 18 years at CUNA Mutual Mortgage Corporation, a national mortgage originator and servicer. There she served as regional sales manager, regional account executive, training specialist and training coordinator. Jody attended Madison Area Technical College where she majored in marketing.