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Several Mortgage C-Suite Changes

Several mortgage banking firms have reported turnover in their C-suites. In addition to changes at the top, several other companies have made some mid-level management changes.

Chris Nard is leaving his role as president of Citizens Home Mortgage “to pursue other opportunities,” according to a Feb. 13 statement from parent Citizens Bank. He originally started his job in October 2015.

Taking over from Nard is Eric Schuppenhauer. His more than 15 years of senior management experience in the mortgage business most recently included his job as head of mortgage at Capital One Financial Corp.

Other previous employers for Schopenhauer include Fannie Mae and JPMorgan Chase & Co. He’ll run a business that originated more than $7 billion last year and serviced more than $20 billion as of year-end 2017.

Ocwen Financial Corp. disclosed on Feb. 14 that as part of the restructuring and downsizing of its lending business, Otto Kumbar is leaving his job as chief executive officer and director of Ocwen Mortgage Servicing Inc. Kumbar, who has been with Ocwen since 2013, “is leaving to pursue new opportunities,” and the position left open by his departure will be eliminated.

Existing Ocwen Mortgage Servicing executive John Kim has been named president and will oversee the unit in a managing role.

Paul Buege has been promoted from his job as chief operating officer of Inlanta Mortgage to president of the Pewaukee, Wisconsin-based lender. Buege, who started with Inlanta
in November 2013, will retain the COO title and continue to maintain those responsibilities on behalf of the 40-branch, 250-employee firm.

In Greenville, South Carolina, Lima One Capital announced last month that it hired Jeff Tennyson as CEO.
Tennyson was most recently the president of Clayton Holdings LLC. Lima One has 80 employees.

Carrington Mortgage Holdings said Monday that it has rehired Rick Sharga as executive vice president. His new title is primary spokesman, similar to the role he had with the Aliso Viejo, California-based company from August 2011 until July 2013. Sharga noted that Carrington offers credit-challenged programs desired by the market.

In Strongsville, Ohio, Jon Baymiller has been hired to lead the business process and technology efforts at Union Home Mortgage Corp., a news release Tuesday said. His previous employers reportedly include Citigroup Inc.  Union noted that Baymiller developed a relationship with its president and chief executive officer, Bill Cosgrove, during their time as leaders at the Mortgage Bankers Association.

On Friday, New Fed Mortgage announced Kevin O’Meara has joined the company as chief technology officer.
His 25-year career was dominated by information technology positions at Berkshire Bank.

Guaranteed Rate Affinity has hired Scott Brady as senior vice president, division manager, a Feb. 8 news release said.

Chicago-based Guaranteed Rate said two days earlier that Scott Stevens has been promoted to chief growth officer from president of the online division.

Craig Lombardi has taken over the position of president of the online division from Stevens. He came from Quicken Loans Inc. where had worked since October 2015 most recently as executive business consultant.

A news release last month indicated that John Boyles has been hired as senior vice president of capital markets for Warburg Pincus-subsidiary Newfi Lending. His 24 years in the mortgage business included jobs at Freedom Mortgage Corp. and Opes Advisors Inc.

Tom Borrelli
has been hired by Northpointe Bank as vice president of national sales, a Feb. 2 press release said. His more than three decades in the mortgage business included stints at Bank of America Corp., Chase and MetLife Home Loans.

Home Point Financial Corp. disclosed late last month that Richard Bradfield has been brought on as enterprise chief financial officer. He came from PHH Corp., where he spent a quarter century.

Reverse mortgage executive Jeffrey Taylor died at 75-years old, National Mortgage News reported. His LinkedIn profile indicates he was the vice president for Wells Fargo Bank, N.A.’s, senior products group from 1999 until 2009.

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