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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.

Senior Mortgage Managers Shuffled

Recent mortgage executive activity

April 19, 2016

By SAM GARCIA Mortgage Daily

portrait of Sam Garcia

A new top executive was recently named to a government-sponsored enterprise. Outside the c-suite, a number of mid-sized and small mortgage firms have filled a variety of executive positions across the country.

Michael L. Wilson, who previously was the president and chief executive officer of the Federal Home Loan Bank of Seattle, has been named CEO of the FHLB Des Moines, an announcement Monday said.

After the pair of FHLBs merged in June 2015, Wilson was named president of the combined entity, while Richard S. Swanson was named CEO. The announcement indicated that Swanson is leaving on June 30.

An April 4 news release said that Steve Stein has been hired as the new head of consumer lending at Ditech Financial LLC.

In his new role he'll develop plans for long-term profitable growth and increased customer satisfaction at all customer contact points including online, direct marketing, telesales and retention channels.

Prior employers for Stein include CitiMortgage Inc., GMAC Mortgage, JPMorgan Chase & Co. and Washington Mutual Inc. Most recently, he worked at CoreLogic Inc.

Stonegate Mortgage Corp. said last week that it brought on Betty Lonis as senior vice president of human resources. She reportedly has more than a quarter century in human resources.

Earlier this month, Indianapolis-based Stonegate announced that Michael Bender was hired as east regional manager. He'll lead TPO originations in the region. Bender's more than a decade in the business included time at Financial Freedom Senior Funding Corp. and PHH Mortgage.

Over at New Penn Financial LLC, Jim Wyble was appointed to the role of senior vice president, third party originations, a news release Tuesday indicated. Wyble's more than three decade's experience included time at Wells Fargo & Co.

Former New Penn vice president Tammy Turner has been hired by CMB Financial as vice president, east division manager, for retail lending, according to a news release last week. Other prior employers for Turner include Countrywide Home Loans and Bank of America Corp.

The new manager of the California coastal region at Guild Mortgage Co. is Theresa "Tee" Cherry, an April 12 announcement indicated. She started at Guild in 1989 and will oversee a region that accounted for nearly $2 billion in originations last year.

An April 6 press release from Sierra Pacific Mortgage said Michael Shackford has been hired as southeast regional manager. He was recruited from Wells Fargo Home Mortgage and reportedly has more than 27 years in the business -- including three years at FirstPlus Financial.

Jake McPherson has been hired as talent acquisition director at PrivatePlus Mortgage in Atlanta. His resume' doesn't appear to have any previous mortgage employers on it.

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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