Mortgage Daily

Published On: February 23, 2016

Among the latest shuffling among mortgage executives is the appointment of three third-party origination managers, a chief financial officer and a pair of directors. A California financial institution has hired a mortgage chief to grow that business.

Carol J. Galante has joined the board of directors at Ocwen Financial Corp., a Feb. 19 statement said. Her term as a director begins a day after Ocwen files its annual Form 10-K for 2015 with the Securities and Exchange Commission.

Galante previously served as Federal Housing Commissioner in the Obama administration and currently serves as the I. Donald Terner Distinguished Professor in Affordable Housing and Urban Policy at University of California Berkeley.

A month earlier,
Jacques J. Busquet also became an Ocwen director. Busquet is the former chief risk officer and managing director at Natixis North America LLC.

Both Galante and Busquet are independent directors at the Atlanta-based firm.

Carrie Preston is being promoted from chief accounting officer to CFO at Stonegate
Mortgage Corp. as of March 4, an announcement last week said. Before joining Stonegate in October 2014, she spent time as a CFO at Union Mortgage Group Inc. and was controller at Saxon Capital Inc.

Preston replaces Robert Eastep, “who is leaving the company to pursue other opportunities.”

Stonegate
announced on Feb. 18 that John Pantalone has been named senior vice president, eastern division manager, third-party originations. Before joining the Indianapolis-based company in 2011, Pantalone’s career included a decade at NovaStar Mortgage.

Mechanics Bank issued a statement earlier this month indicating that
Randal W. Stoller has joined the Walnut Creek, California-based firm as senior vice president in charge of residential lending. He’ll help Mechanics expand originations in the current, prolonged, low-rate environment. Prior employers during his 34-year career include Citibank Global Investment Bank, Golden West Financial Corp. and Lehman Brothers.

Kara Lamphere has been re-hired by Mid America Mortgage Inc. as director of correspondent lending, an announcement last month indicated. In addition to correspondent lending, she’ll oversee compliance. Lamphere previously worked for the Addison, Texas-based company from 2012 to 2014. Other past employers include CMG Financial and PrimeLending.

In Tysons Corner, Virginia,
First Guaranty Mortgage Corp. said on Feb. 17 that Tom Davis was hired as third-party originations sales director. Davis’ 15 years in the business included stints at Finance of America Mortgage LLC, JPMorgan Chase & Co. and Bank of America Corp.

The new vice president – director of recruiting, coaching and training at Capital Mortgage Funding is Bruce A. Rosenblat, a Feb. 15 statement said. His decade of experience included time on the payroll of Fifth Third Bank and Wells Fargo & Co., according to his LinkedIn profile.

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