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Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Mortgage Execs Recruited to Build Business

Recent mortgage executive activity

June 13, 2010


Many of the recent management positions filled at mortgage companies have been sales, production or marketing executives. One fast-growing mortgage branching firm announced a new director of operations, and a billion-dollar loan originator has found a new home.

Interactive Financial Corp., a mortgage branch operation, announced last month the promotion of Joe Sabatini to director of operations. Sabatini started last year with Interactive as board Treasurer and previously spent a decade in real estate.

Interactive is headquartered in Troy, Mich., and said it was recognized "as one of Inc. 5000 fastest-growing private companies in America for the past three consecutive years."

Mike McRoberts was recruited by Freddie Mac as its vice president of multifamily production and sales, according to an announcement last month. He'll oversee the origination and acquisition of U.S. multifamily loans and four regional multifamily sales offices.

McRoberts joined the secondary lender in 1992 and has held executive positions in multifamily underwriting and was a leading producer for five consecutive years running Freddie's southeast regional office. Prior to his current employer, he worked at First Maryland Mortgage Corp. and First Interstate Mortgage Corp.

The new senior vice president - Virginia production manager at Gateway Bank Mortgage Inc. is Sarah B. Stedfast, parent Hampton Roads Bankshares Inc. announced. The Norfolk, Va.-based bank-holding company, with more than $3 billion in assets, said Stedfast will oversee an expansion of several mortgage banking markets from an office in Virginia Beach, Va.

Before arriving at Gateway, Stedfast was a branch manager and VP at Bank of America Home Loans and Countrywide Home Loans -- where she started in 2006. Other former employers include Wachovia Mortgage, SunTrust Mortgage and First Union Mortgage. Hampton President and Chief Executive Officer John A.B. Davies Jr. said the new executive "will help us take our mortgage business to the next level."

The Coastal Bank announced last month that Bradley Bixler recently joined the bank as mortgage sales manager at an operations center. The $0.5 billion bank, based in Savannah, Ga., said the executive will manage mortgage loan origination sales activities. He'll ensure that loan quality and customer service is maintained.

photo of Sarah Stedfast
Gateway photo of Sarah Stedfast

Before Coastal, Bixler worked at Real Estate Mortgage Network Inc.

As the new VP of business development and client relations at Marix Servicing LLC, Kevin Quinn will be responsible for expanding the subservicing and special servicing platforms, a press release earlier this month said. He'll also manage client relations.

Prior to his gig at the Phoenix-based special servicer, Quinn was national subservicing sales manager for Bank of America Home Loans. His more than 15 years' experience includes subservicing business development and mortgage servicing.

A press release last month indicated that former Marix director of default Michelle Carothers joined Loan Resolution Corp. as VP of foreclosure alternatives. She'll responsible for client performance under the Home Affordable Foreclosure Alternatives program.

Scottsdale, Ariz.-based Loan Resolution claims to be "one of the fastest-growing companies in Arizona" and "the nation's largest pre-foreclosure asset manager."

In Corona, Calif., Paramount Residential Mortgage Group Inc. said this month that Paul Lucido was hired as national marketing director. In addition to being a freelance graphic designer, Lucido was a marketing director for failed First Magnus Financial Corp. -- where he reportedly won advertising awards several years in a row.

Lucido will initially tighten up branding and maintain consistency throughout all marketing communications. He will also analyze marketing needs.

photo of Gerry Robbins
Grandbridge photo of Gerald Robbins

Gerald L. Robbins Jr. joined the Mobile, Ala., office of Grandbridge Real Estate Capital LLC as VP, a May 25 statement said.

The 15-year commercial mortgage veteran was previously principal of a default consulting firm.

At another prior employer, iStar Financial/Fremont Investment and Loan, he originated over $1.2 billion and was recognized as a top national producer.

Sam Garcia worked in mortgage lending for twenty years prior to becoming publisher of in 2000.

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