Among recent activity in the executive suites of home lending firms is the upcoming departure of a president and the death of the founder of a mortgage market service provider.
Laird Hedlund Nossuli,
chief executive officer at iEmergent and daughter of the firm’s founder — Dennis Hedlund — issued a statement that her father passed away on Saturday.
Nossuli explained that Hedlund had received a lung transplant in February 2014 and has fought an uphill battle ever since. He founded the the Urbansdale, Iowa, company in 2000.
“We are so grateful for all of the support and love that we’ve all had throughout this journey from so many of our friends, family, and even some strangers,” Nossuli wrote. “Most of all, though, I’m grateful for him: his quiet but fierce courage, his mind’s curiosity for everything, for being such a wonderful dad and grandpa … for … well … everything.”
Redwood Trust Inc. made a filing with the Securities and Exchange Commission indicating that
its president, Brett D. Nicholas, is leaving the organization on July 1. His severance package is between $4 million and $4.5 million.
Filling in for Nicholas at the Mill Valley, California-based entity is Redwood Trust Chief Financial Officer Christopher J. Abate. He’ll continue serving as CFO until a replacement is found.
Redwood has been struggling to find a profitable business model following the collapse of private-label securitizations after the financial crisis. It recently stopped originating conventional and commercial mortgages and laid off dozens of employees.
The new
southeast regional director at Mortgage Financial Services is former NAMB government affairs chairman Mike Anderson, a March 26 statement said.
In Plymouth Meeting, Pennsylvania,
Julie McCall was hired by New Penn Financial LLC as operations manager for east coast third-party originations, a press release Tuesday said.
McCall was recruited from
REMN, and she spend a dozen years at Bank of America Corp. before that.
