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Mortgage Firms Make C-Suite Changes

2 GSE executives recognized among most powerful

Dec. 29, 2017

By SAM GARCIA Mortgage Daily



portrait of Sam Garcia

Among several recent C-Suite appointments at mortgage companies have been chief financial officer, chief risk officer and chief marketing officer. A pair of government-sponsored enterprise executives have been recognized among America's most powerful.

Fannie Mae announced on Dec. 7 that its executive vice president and chief risk officer, Kimberly Johnson, and its executive vice president and head of multifamily, Jeffery Hayward, have been named among Black Enterprise's 2017 list of the Most Powerful Executives in Corporate America.

"The annual listing, compiled by the publication's editorial team, identifies prominent African American leaders from the nation's 1,000-largest publicly traded companies and 100 international companies who have had a significant influence in their company and industry," Washington-based Fannie stated.

A Dec. 6 news release indicated that Gary Tillett will retire as CFO of bankrupt Walter Investment Management Corp. in 2018.

Taking over the CFO role from Tillett will be 25-year financial executive Jerry Lombardo, who most recently served as treasurer, consumer banking, at JPMorgan Chase & Co. Lombardo also spent four years at Ally Financial Inc. and another year at Cerberus Capital Management.

The Fort Washington, Pennsylvania-based firm also disclosed that Jeff Baker, who is president of subsidiary Reverse Mortgage Solutions Inc., has additionally been named chief operations officer of Walter Investment. In this role, he will assume responsibility for Ditech Financial LLC's performing and default servicing operations.

In Chicago, Guaranteed Rate Mortgage reported earlier this month that its new chief marketing officer is former Google executive Steve Moffat.

In addition, Brendan Noonan has been hired for Guaranteed Rate's newly created position of chief brand officer. He spent 13 years at MillerCoors before starting his latest assignment.

Impac Mortgage Holdings Inc. announced on Dec. 14 that Rian Furey has been hired as president of direct lending. Furey, who last worked at loanDepot LLC as chief administrative officer for three years, counts Nationstar Mortgage LLC among his prior employers and has worked in the business for at least two decades.

A Dec. 5 statement from Milford, Connecticut-based Total Mortgage Services LLC said Michael Duda has been hired for the newly created position of director of national sales. During his quarter-century in the mortgage industry, Duda hung his hat at CitiMortgage Inc. and Arch Mortgage Insurance Co., among several other firms.

Jeff Cordeiro has been promoted to correspondent sales executive at Embrace Home Loans, a Dec. 19 statement said. He'll be responsible for growing the assisted correspondent programs -- which serves financial institutions. Cordeiro originally joined the Middletown, Rhode Island-based firm in 1995.

The new senior vice president and regional manager of South Texas at PrimeLending is Joe Thompson, according to a Dec. 15 announcement. Thompson, who joined Dallas-based PrimeLending in 2015, has 14 years' mortgage experience. He is president of the Houston Mortgage Bankers Association.


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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