Affiliated Business Senior Management

Randal Krout joins Prosperity with over 20 years of experience in a variety of sales, and senior management positions in the mortgage industry. Krout was formerly senior vice president of the eastern United States for Wells Fargo’s Institutional Lending group.

Krout brings more than twenty years of mortgage experience to his new role. In his most recent position at Wells Fargo, he was responsible for all the operations and sales efforts in Wells Fargo’s Eastern Division.Under his leadership, the mortgage division generated in excess of $146 billion in loans throughout 22 states. Prior to that, Krout spent three years at Freddie Mac in McLean, Va. as vice president for all sales and management for their Community Lending segment for the eastern United States. The operation generated in excess of $60 billion in volume and led the nation in production. His responsibilities included negotiations with CEO’s and senior management teams as well as the motivation and training of the sales force.

Krout began his career as a retail loan officer in 1987 with World Savings (the operating subsidiary of golden West Financial Corporation) in southern New Jersey. He progressed throughout his career with the same firm to become a branch manager, regional manager, east coast manager, and ultimately he managed a multi-state operation with both sales and centralized underwriting.

Krout is a native of Cherry Hill, N.J. and graduated from Rutgers University in 1982 with a Bachelor of Arts. He currently resides in Oakton, VA, with his wife and three children.

Michael J. Maddiex joined The Long & Foster Companies in April 2004 as president of Long & Foster Settlement Services. He is responsible for overseeing all of Long & Foster’s title relationships which include direct operations and joint ventures. Since joining Long & Foster he has established and maintained more than a dozen title relationships throughout the Long & Foster footprint.

Prior to joining Long & Foster, Maddiex founded Baird & Warner Title, an affiliate of Baird & Warner, Chicago’s largest real estate company and one of the nation’s largest.

Maddiex began his 20 year real estate/title insurance career in Chicago in 1986 at a large, independent title company. He rose through the ranks to become executive vice president of operations. He subsequently became vice president and operations manager of Koenig & Strey/GMAC, a high-end, prestigious real estate firm in Chicago.

A graduate of the University of Illinois, Urbana, Ill.., Maddiex resides in Chantilly, Va. with his wife and two children. He is a member of ALTA (American Land Title Association) and is an active member of RESPRO.

Patrick Bain is president of the Long & Foster® Insurance Agency, Inc., the insurance arm of The Long & Foster® Companies.

Bain previously worked as vice-president and general manager for Howard Hanna Insurance Services, Inc. in Pittsburgh, Pa. Under his leadership, his division grew dramatically and was recognized regionally and nationally with Agency of the Year awards by Harleysville Group and Travelers Insurance. Howard Hanna Insurance, a subsidiary of Hanna Holdings, Inc. was recently ranked number one nationally in insurance policy sales for 2009 by 2010 REAL Trends 500, an industry ranking service.

Prior to that he founded and led sales and marketing efforts for The McDonnell Bain Group, which was recognized as Maryland's New Agency of the Year in 1999 by Erie Insurance Group. Bain also worked for AT&T Capital Corporation in Towson, MD for nine years in several leadership and senior leadership positions.

Bain and his wife and three children plan to relocate to Northern Virginia this summer. He is a graduate of Allegheny College in Meadville, Pa., where he earned a Bachelor of Science degree in economics in 1989.