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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 Executive Journal

Recent mortgage executive activity

Dec. 18, 2009


Several of the latest mortgage executive appointments were driven by growth and expansion. ABN AMRO Mortgage and Chase are among the former employers of some of the executives.

The newly created position of chief financial officer at USA Mortgage has been given to Dave Parks, according to a Dec. 3 news release. Parks, a certified public accountant, will oversee all day-to-day financial operations of the Creve Coeur, Mo.-based lender -- which said it is on track to fund more than $1.2 billion this year.

Parks was previously CFO for the St. Louis office of Jacobson Companies and earned a bachelor's degree in accounting from the University of Missouri -- St. Louis.

Willie Newman will head a new residential mortgage unit at Cole Taylor Bank, a Dec. 3 statement said. He previously served as executive vice president of ABN AMRO Mortgage Group, which was acquired by Citigroup Inc. in March 2007.

Newman will report to Randy Conte, chief financial officer of Cole Taylor parent Taylor Capital Group Inc. Conte was previously chief operating officer at ABN AMRO.

photo of Dave Parks
USA Mortgage photo of Dave Parks

photo of Ed Bratton
ViewPoint photo
of Ed Bratton

Former Chase Mortgage executive Ed Bratton was named president and CEO of ViewPoint Bankers Mortgage, parent ViewPoint Bank announced last week. The 25-year mortgage banking veteran spent 20 years at Chase, graduated from Baylor University and served as president of the Dallas Mortgage Bankers Association.

ViewPoint, based in Plano, Texas, said it operates 16 loan production offices in Texas.

Franklin Credit Management Corp. announced Tuesday the Dec. 30 resignation of Michael Blair, its executive vice president and chief operational officer. An external candidate has been identified to replace Blair, who is leaving to pursue other business interests.

Sanford Trefethen was hired as regional manager of First California Mortgage Co., according to an announcement earlier this month.

He'll oversee Oregon originations from his home in Eugene. Trefethen has been with Petaluma, Calif.-based First California since 1989 and has held positions in secondary marketing and wholesale lending.

First California reports production of "nearly $500 billion in residential loans in California" since launching 32 years ago.

The company employs 2,800 people in 108 offices operating in 42 states.

photo of Sanford Trefethen
First California photo of
Sanford Trefethen
photo of Robert Mastrandrea
Alaska Pacific photo of
Robert Mastrandrea
Alaska Pacific Mortgage recently appointed Robert Mastrandrea to vice president and manager, parent Alaska Pacific Bancshares Inc. announced. The new leader will be responsible for managing the Juneau, Alaska-based mortgage unit, growing the operation and hiring and coaching loan originators.

Mastrandrea's prior employers include Rainier Bank Mortgage Corp., US Bank Mortgage and Mellon Bank.

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

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