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New President at PrimeLending

2 promotions announced

Aug. 27, 2013

By Mortgage Daily staff

The new president at PrimeLending has spent time at some of the nation's biggest residential lenders, while the resume of its new executive vice president includes tenure at some former mortgage giants.

A news release last week from the Dallas-based firm indicates that Scott Bristol has been named president of PrimeLending.

Bristol will take over the job on Sept. 1 from Todd Salmans, who will remain on as chief executive officer of the 27-year-old company.

Bristol will report to Salmans.

The new president was promoted from the position of executive vice president, national production manager. He originally joined PrimeLending in May 2009.

Prior to his time at the PlainsCapital Co.-subsidiary, Bristol worked for JPMorgan Chase & Co., Countrywide Home Loans and Wells Fargo Home Mortgage, according to his LinkedIn profile.

In his new position, he'll have full operating authority at an entity that originated nearly $7 billion during the first half of this year and employs more than 2,800 people.

photo of Scott Bristol
LinkedIn profile photo of Scott Bristol

"It has been rewarding to watch Scott grow as a leader," Salmans said in the statement. "I am confident that he will excel in his new position."

Taking over Bristol's old job will be Steve Thompson.

Thompson is being promoted from the position of executive vice president, western division.

Salmans noted in the announcement, "Steve has done an exceptional job as western division manager."

Thompson's LinkedIn profile indicates that his prior employers include GMAC Mortgage, which filed bankruptcy in May 2012; Washington Mutual, which failed in September 2008; GreenPoint Mortgage, which ceased operations in August 2007; and World Savings, which was acquired by Wachovia Corp. in October 2006.

He will relocate from Phoenix to Dallas.

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