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Mortgage Firms Hire CEO, CFO & Retail Executives

In addition to a couple new c-suite occupants, the nation’s mortgage banking firms have recently appointed senior executives who will oversee retail origination activity and other departments.

Tricia M. Bailey is the new president and chief executive officer of PSM Holdings Inc., a Sept. 26 statement said. The 25-year mortgage veteran previously spent time at Banc of California and PRMG Inc.

Murrieta, California-based PSM, which is also known as Prime Source Mortgage Inc., additionally revealed that 30-year mortgage veteran Bill Lawton was hired as executive vice president, national production.

Lawton’s prior employers include Bank of America Corp., Countrywide Financial Corp. and PRMG.

Hard money lender Anchor Loans issued a Sept. 18 statement indicating that
Bryan Thompson has been hired as chief financial officer. Thompson, who was recruited from his CFO post at Luxury Mortgage Corp., has 20 years’ experience including a CFO stint at Skyline Financial Corp.

In a recent social media post, Caliber Home Loans
Inc. revealed that Jennifer Corcoran was promoted to senior vice president operations from her role as national underwriting manager. Before joining the Irving, Texas-based lender in 2013, Corcoran worked for BofA and Countrywide Bank, FSB.

Also in Irving, Texas,
Pacific Union Financial LLC announced on Sept. 21 that Caleb Mittelstet was hired as executive vice president of distributed retail. During his over 16 years in the industry, Mittelstet has worked for BofA, PrimeLending and Wells Fargo & Co.

American Financial Network Inc. announced on Sept. 26 that Sean Browning has been named executive vice president of production. His more than quarter-century in the business included time at Stearns Lending LLC, GMAC Mortgage and his most-recent employer — Sierra Pacific Mortgage.

“We are already on an upward trajectory, and I am confident Sean can enhance and intensify our goals for continued growth and expansion,” AFN Chief Executive Officer Jack Sherman stated in the news release.

Apparently replacing Browning as senior vice president of retail lending
at Sierra Pacific is Jay Promisco, a news release Tuesday said. He’ll oversee more than 100 retail branches and over 500 employees.

Before joining the Folsom, California-based firm, Promisco worked at Stearns Lending. Other employers during his 17-year career included Wells Fargo and GreenPoint Mortgage.

Cherry Creek Mortgage Co.-subsidiary 1st Reverse Mortgage USA disclosed last month that
Jeff Ausman was promoted to director of business development from regional market manager. Guaranteed Rate is among the prior employers listed on Ausman’s LinkedIn profile.

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