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Mortgage Executive Moves Include Chairman, CEO

A pure-play publicly traded mortgage firm announced a new chairman, while the chief executive officer of another firm has been replaced. Other recent appointments include a chief credit officer and sales executives.

On May 30, Stonegate Mortgage Corp. reported that Richard A. Kraemer was elected non-executive chairman by the board of directors. Kraemer joined Stonegate’s board a year earlier.

Kraemer reportedly has 35 years’ experience in residential housing finance. He previously served as chairman of Saxon Capital Inc.

Jim Cutillo, founder and CEO of Indianapolis-based Stonegate, called Kraemer “an essential member” of the board and noted that “his insights and experience will be invaluable as he assumes leadership of the board of directors and provides strategic direction to its oversight functions.”

The new CEO of Envoy Mortgage is Patrick Walden, a statement Monday said. He will also maintain his current title of president.

Walden, who joined the Houston-based company in April 2008, takes over the role from Envoy owner Rick Thompson. Envoy was co-founded in 1997 as First Houston Mortgage by Dana Gompers and David Zugheri — who retain ownership interests in Envoy and are active in its day-to-day management.

Gold Star Mortgage Financial Group announced last week that Kim McFarland has been appointed chief credit officer of the Ann Arbor, Mich.-based company. McFarland, who has three decades in the business, was recruited from Flagstar Bank, where she held the position of vice president, representations and warranties.

“Kim will be responsible for ensuring the entire loan process is governed by the highest possible credit quality standards in order to comply with all state and federal guidelines,” the announcement said.

Frank DiMaio left his job as senior vice president of national retail sales at GMH Mortgage Services LLC, a May 28 statement said. DiMaio has since joined Wells Fargo as area sales manager for the Philadelphia area. DiMaio previously worked for Wells Fargo from 2001 until 2009, according to his LinkedIn profile.

Conshohocken, Pa.-based GMH also announced the addition of Stuart Tyrie as senior vice president of retail sales, specialty products group. Tyrie worked for Wells Fargo Home Mortgage during the same period as DiMaio, he says on his LinkedIn profile. His quarter-century in the mortgage industry also included time at Freedom Mortgage. Tyrie will focus on retail originations in residential construction-to-permanent financing.

United Financial Bancorp Inc. said last month that it hired Lisa A. Kraus to be vice president and Western Massachusetts sales manager. Kraus was recruited from Bank of America Home Loans and worked at predecessor Countrywide Home Loans.

Jim Banahan was hired as director of condo and co-op administration and development by RBS Citizens Financial Group, a June 5 news release indicated. Banahan’s prior employers include Wells Fargo and Washington Mutual. He’ll develop opportunities to expand markets for the Providence, R.I.-based firm.

In Walpole, Mass., Mortgage Master Inc. said last week that Brian Moggan was hired as regional manager for Northern California. His 14 years in the business included time at Mason McDuffie Mortgage Corp. Moggan is tasked with expanding from four retail Northern California branches into other areas.

Mortgage Master reports a staff of 700 employees.

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