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Mortgage Firms Change CEOs, Presidents

The latest executive appointments in the mortgage industry include presidents, chief executive officers and a chief operating officer. A top human resource job has been filled at a government-sponsored enterprise.

On Jan. 9, Embrace Home Loans reported that its president, Kurt Noyce, has been demoted to head of its financial institution services division. He has been with Embrace since 1991.

Taking over as president of the Middletown, Rhode Island firm officer is the owner of Embrace, Dennis Hardiman. He founded the 1,000-employee company in 1983 and also carries the title of CEO.

Embrace Chief Technology Officer Al Dussinger has been promoted to the role of COO. He started at the home lender in 1996.

Earlier this month, Embrace said
Benjamin Giumarra has been hired as its new director of regulatory and legal affairs. While he obtained his Juris Doctorate from Boston University School of Law in 2012, he has held positions in the legal field since 2010.

Embrace reports $3 billion in annual originations.

The new president and CEO of Hamilton Funding Group Inc. is Patrick Sheehy, the Sunrise, Florida-based company reported on Jan. 2.

Among Sheehy’s former employers since 1998 are Freddie Mac, Countrywide Home Loans and Wells Fargo Home Mortgage. He most-recently worked at Black Knight-subsidiary ServiceLink until 2014.

Freddie disclosed earlier this month that Jacqueline M. Welch was promoted to head of the human resources, diversity & inclusion division and chief diversity officer. She’ll report directly to Freddie Mac CEO Donald H. Layton.

Before joining McLean, Virginia-based Freddie in late 2016, Welch’s prior employers included CNN-affiliate Turner Broadcasting System and Lord & Taylor.

The new chief credit officer at Movement Mortgage LLC is Stephen Polacek, according to a Jan. 16 announcement. His three decades in credit-related positions include jobs at Fannie Mae and Bank of America Corp.

Most recently, Polacek was the director of mortgage and consumer lending advisory at KPMG U.S.
He started at KPMG in February 2013, according to his LinkedIn profile.

Kelly Scovanner has joined Fairway Wholesale Lending as regional vice president of sales for the Northeast Region, a Jan. 18 news release said. Her more than three decades in the business included time at Fifth Third Bank and M&T Bank.

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