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Growing Mortgage Firms Add to Executive Ranks

Recent mortgage-related executive activity

March 14, 2016

By SAM GARCIA Mortgage Daily


portrait of Sam Garcia

Several up-and-coming non-bank mortgage lenders have made some strategic additions to their management teams. Among the recently filled positions are chief executive officer and president as well as chief digital officer and chief product officer.

Amy Brandt Schumacher has been named president, originations & corporate technology, at New Penn Financial LLC. She was recruited from Prospect Mortgage LLC, where work since 2013 -- most recently as chief operating officer.

Like her new boss, New Penn CEO Jerry Schiano -- who worked for subprime lender Conti Financial back in the 1990's -- Schumacher previously worked in subprime lending, at WMC Mortgage for six years where she was president and COO.

Sam Garcia founded Mortgage Daily in 1998 and became its full-time publisher in 2000. Prior to his news career he worked in mortgage lending for two decades.


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