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Mortgage Firms Continue Building Management Teams

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Several mortgage firms have recently filled executive level positions from within, though some recruited from other companies. The recent appointments include positions in residential, reverse and commercial mortgage lending. One California-based company witnessed an executive resignation.

Former vice chairman and consumer and small business banking head for U.S. Bancorp Richard Hartnak was elected to Freddie Mac’s board of directors.

Announced on May 20, Freddie Mac Chairman Christopher Lynch said Freddie would benefit from Hartnak’s knowledge of underwriting, servicing and technology. Hartnak also has held board- or executive-level positions at Union Bank of California and First Chicago Corp. In 1971, Hartnak made his foray into banking with First Interstate Bank of Oregon.

A new chief compliance officer signed on to Cole Taylor Bank, according to a June 6 announcement. Tamina O’Neill, who also carries a senior vice president title with the bank, came from The Private Bank and Trust Co. where she supervised programs in operational and enterprise risk management.

Residential Finance Corp. recruited two executives in recent months. The company advertised Vice President of Business Development Rick Roque’s and Assistant Vice President of Branch Development Brenda Jarvis’ appointments on May 23 and Jan. 30, respectively. Before joining RFC, Roque served as Prime Source Mortgage’s senior vice president of growth and strategy, while Jarvis was 1st Metropolitan Mortgage’s director of lender and vendor relations. Both employees will focus on retail branch initiatives.

In Virginia, Hampton Roads Bankshares Inc. also heralded a new-hire to its Gateway Bank Mortgage subsidiary in late May. Former Farmers Bank commercial lending vice president Mike Becraft accepted Gateway’s position as vice president of business development and will work out of the Hilltop Financial Center in Virginia Beach.

On June 24, Guild Mortgage Co. gave word that Lisa Klika was promoted to senior vice president of compliance and quality assurance. Klika’s new duties include supervising Guild’s legal matters such as compliance and quality assurance, internal audit and risk management. Klika joined Guild as a compliance analyst in March 2003, and she was involved with leading the company’s compliance efforts and involvement with trade association and educational events.

At Wingspan Portfolio Advisors, Meredith McCrory was recruited to fill the newly creased position of vice president of strategic alliances, a news release earlier this month said. Prior to joining the Dallas-based firm, McCrory spent 17 years in the mortgage business at employers that include Option One Mortgage Corp. and On Default.

Austin, Texas-based FirstClose gained Chip Caldwell as its vice president over the Southeast territory. Caldwell, a certified mortgage banker, most recently worked at FNC and spent 19 years at Freddie Mac. In his May 17 press statement, Caldwell said he joined FirstClose because its “service-centric model and technology solution offering” provided opportunities for introducing “innovative solutions” to lenders.

Up North, GMH Mortgage Services LLC added five management executives to its ranks.

Former GMAC Mortgage employee Scott Medrow was slated, in May, as GMH’s senior vice president of the company’s national mortgage center and specialty products division.

In late June, GMH welcomed Vice President of Finance and Accounting John Santangelo, Assistant Vice President of Processing Jacqueline Burley and Assistant Vice President of Underwriting Joanne Harris. Santangelo and Harris also came to GMH from GMAC while Burley transitioned to the Newton Square, Pa.-based company from Bank of America.

This month, GMH announced that Brian Beale was hired as vice president of corporate recruiting. Beale’s 12 years’ experience included time at GMAC Mortgage and PHH Mortgage.

In Tennessee, Churchill Mortgage touted 16 employee promotions to leadership levels at its Brentwood-based headquarters.

District Manager Kevin Watson led the list of workers with new titles. In its May 20 press release, Churchill welcomed new managers to the following divisions: sales, processing, branch operations, lock desk, licensing, technical support, pipeline and underwriting. As well, six employees gained team leader status — three in underwriting, two in processing and one in sales support.

MCS Mortgage Bankers Inc.indicated that Richard Taylor Storik was appointed to the position of executive vice president – national sales manager on July 15. Stork’s prior employers include American Home Mortgage, BofA and Washington Mutual Bank.

The Cherry Creek Mortgage Co. division known as 1st Reverse Mortgage USA provided June notice of two new employees. Part of Corporate Account Manager Jennifer Kimball’s duties include developing and growing 1st Reverse’s new home builder program while Corporate Training Coordinator and Account Executive Patricia Kauker’s responsibilities entail cultivating the 1st Reverse training and development program.

In commercial real estate lending, Mount Laurel, N.J.-based Freedom Mortgage Corp. introduced three new people to its newly added commercial real estate lending division last month. Previously affiliated with RBS Securities and Vertical Capital, Mary Davenport signed on as Freedom’s executive vice president. Senior Vice President Nichole Kim transitioned to Freedom from Rialto Capital, and Shawn Townsend, a former managing partner at Velocity Advisors, joined Freedom as its senior business manager.

California’s Redwood Trust Inc. released news of Managing Director Scott Chisholm’s resignation, effective July 1. Chisholm’s tenure at Redwood started in September 2009, and he served as head of commercial investments while managing director. Since July, President Brett Nicholas and Chief Investment Officer Fred Matera have taken over Chisholm’s duties.

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