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Correspondent Executives Find New Homes

In addition to at least one C-Suite appointment, recent executive activity in home lending includes multiple correspondent lending executives who have found new jobs and a new retail lending leader.

Ellie Mae Inc announced Tuesday that its president and chief executive officer, Jonathan Corr, is a finalist for the EY Entrepreneur Of The Year 2016 Award in the Northern California Region.

Also touting finalists for the EY designation was New American Funding, which said Tuesday its CEO, Rick Arvielo, and its
president, Patty Arvielo, are both finalists in Orange County, California.

The EY awards will be handed out later this year.

Mutual of Omaha Mortgage, which was recently formed as a joint venture between Mutual of Omaha Bank and PrimeLending, announced on May 9 that Terry Connealy has been recruited as its new president.

Connealy already worked for Mutual of Omaha Bank, where he “played a significant role in charting the strategic direction” of the mortgage business, since April 2014. He also was involved in the creation of the new mortgage unit.

Connealy’s previous employer was Wells Fargo Home Mortgage, where he spent a dozen years.

On Monday, PHH Home Loans announced that
John Porath is its new southeast regional executive. He’ll oversee 160 employees in seven states for the company, a joint venture between PHH Mortgage and Realogy Holdings Corp.

Porath has spent over a quarter-century in mortgage banking. Among his prior employers is JPMorgan Chase & Co. His first job was as a loan officer for Norwest Mortgage in 1989.

Jeff Haar has joined the correspondent lending division of Envoy Mortgage as western division manager, a statement Wednesday indicated. He reportedly has 26 years’ experience in the business, including jobs at Saxon Mortgage and IndyMac.

In addition, Thomas Coale has been promoted to vice president eastern division manager of Envoy’s correspondent lending division.
Coale’s 23 years in mortgage lending included time with Chase, PNC and Wells Fargo & Co.

In Tysons Corner, Virginia, First Guaranty Mortgage Corp. said Monday that Van Evans joined the company’s correspondent division as regional sales manager.
His 17 years in the industry included time at Chase and Finance of America Mortgage LLC.

Over at the Money Source Inc., Trent Ford
was hired for to lead the newly created retail division as executive vice president, a news release Tuesday said. His more than 15-year career included a stint at Residential Bancorp.

The new vice president of business development at MiMutual Mortgage is John G. Stevens, the
Charlotte, North Carolina-based firm said on May 11. Stevens’ 11 years’ experience included time at NAMB – the Association of Mortgage Professionals.

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