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Mortgage Firms Appoint Top Executives

Among the roles that have recently been filled at a variety of real estate finance firms are chief financial officer, president and chief executive officer.

Former Ginnie Mae president Ted Tozer has joined the board of directors of PennyMac Financial Services Inc., a July 19 announcement indicated. He was at Ginnie for seven years.

Royal United Mortgage LLC President and CEO Mike Keleher has been recognized as
a highest-rate CEO in the Glassdoor Employees’ Choice Award. Keleher has led the Indianapolis-based firm since 2008.

ABSOLUTE Home Mortgage Corp. said Friday that
Matthew D Van Fossen has been named CEO. Van Fossen, 31, started with the company in 2011 as chief operating officer.

West Paterson, New Jersey-based ABSOLUTE — which employs more than 200 people and operates in 10 states — additionally disclosed the restructuring of its
executive management team. This includes George Herghelegiu as its new president, Joseph Quinones as CFO, John Kuskin as executive vice president, and loan originator Richard Conforti also as EVP.

EVP of direct lending at loanDepot LLC, Chad Smith, was caught on video when loanDepot CEO and chairman Anthony Hsieh told him he was promoted to president of direct lending. Smith started at the Irvine, California-based organization in 2015.

Overseeing the sales strategy at PHH  Corp. will be Christopher Sabbe, a statement last month said. He’ll lead a sales team to implement a growth strategy for its subservicing business as vice president, business development. He reportedly has more than 20 years’ financial services experience.

On Aug. 3, Mid America Mortgage Inc. said it promoted Kara Lamphere to chief operating officer from her role as chief compliance officer. Before starting at the Addison, Texas-based lender in December 2016, she worked in Fort Worth, Texas, for Mid America from July 2012 to June 2014 and also hung her hat at PrimeLending.

In San Diego, Guild Mortgage Co. named Gabe Minton EVP of technology. Guild picked up the executive from the fading PHH Mortgage Corp. Before that he worked at ServiceLink, and he was “was one of the leading architects and founding members of MISMO.”

Collin Cochrane was promoted to CFO of Redwood Trust Inc. from his role as controller, a news release Thursday said. He starts his new role on Sept. 1. Cochrane replaces interim CFO Chris Abate, who has been in that role since being promoted to president in July 2016.
Prior to joining Mill Valley, California-based Redwood in 2013,
Cochrane worked for iStar Financial Inc. and Ernst & Young, according to his LinkedIn profile

Redwood additionally said it hired Dashiell Robinson to oversee financial and portfolio investment functions in the newly created role of EVP beginning in October.

“We have worked with Dash extensively in his capacity as a senior member of Wells Fargo’s investment banking business, and feel like his cultural alignment, strategic mindset and leadership experience put him in a unique position to join our team and make an immediate impact,” Abate said in the statement.

Tom Gillen was named senior vice president of capital markets at Churchill Mortgage Corp., a press release late last month indicated. He reportedly has two decades’ financial services experience.

Stearns Lending LLC said last month that Drew Lindblad was hired as regional vice president for the Southeast. He was previously on the payroll of Countrywide Financial Corp. and Wells Fargo Home Mortgage.

The new National Director of Wholesale and branching of the reverse division at HighTechLending is Adrian Prieto, an announcement Thursday said. His 14 years’ reverse lending experience included time at Financial Freedom Senior Funding and Liberty Home Equity Solutions.

Houston’s eCU Mortgage, a credit union service organization, said on July 17 that Candace Jones was named director of business development. She previously worked at Churchill Mortgage, and was employed at Wells Fargo Home Mortgage earlier in her career.

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