The nation’s biggest mortgage servicer has a new chief to oversee the business. Meanwhile, lesser-ranked rivals have been busy improving their own executive ranks.
The new head of mortgage servicing at Wells Fargo & Co. is Jeff Smith, a July 27 news release stated. He was promoted from servicing and customer excellence risk in the Consumer Lending Real Estate Compliance and Operational Risk group.
Smith, who joined the San Francisco-based company 10 years ago, has more than three decades in the financial services industry. Among his previous employers is JPMorgan Chase & Co.
Wells Fargo previously reported that it serviced $1.53 trillion in residential loans as of June 30, the biggest mortgage servicing portfolio in the country.
Smith is replacing
Perry Hilzendeger, who, himself, was promoted to head of home lending retail in April.
Antony Jenkins has been elected to Fannie Mae’s board of directors, the secondary lender announced last month.
Jenkins previously served as group chief executive officer and as a member of the board at Barclays PLC.
The president of InterLinc Mortgage Services, Gene F. Thompson III, has added the title of chief operating officer to his job. Half of his 20-year career has been spent at InterLinc.
Laura Escobar has been promoted to president of Eagle Home Mortgage, an Aug. 20 statement from the Lennar Corp. subsidiary said. She was promoted from executive vice president. Half of her 33-year career has been spent at Lennar entities.
Last month, loanDepot LLC-subsidiary mellohome announced that Jeremiah Taylor has joined the Foothill Ranch, California-based firm as executive vice president. He most recently worked for Keller Williams Realty.
Envoy Mortgage said in a
July 30 statement that Kim Hoffman has been hired as chief operating officer. She came from Sutherland Global Services and previously worked at Accredited Home Lenders, Morgan Stanley Home Loans and Nationstar Mortgage.
A recent announcement from Ditech Holding Corp. indicated that Robert Pieklo has been hired as head of revenue management. While he started his own company three months ago, he had been with American Financial Resources Inc. for 11 years.
In the same news release, Fort Washington, Pennsylvania-based Ditech said Andrew Badstubner
was hired as chief technology officer. Among his previous employers are Kabbage Inc.
