As residential lending executives are shuffled from one mortgage organization to another, the real estate finance industry is mourning the loss of one of its own.
Motivity Solutions Inc. President Todd Sherman co-founded the company in October 2006 with his brother and chief executive of the firm, Tyler Sherman.
Before launching
Denver-based Motivity Solutions, the Sherman brothers ran Watermark Financial Partners Inc., which was ultimately sold in back in 2004.
But prior to its sale, Watermark
reportedly was the seventh-largest Federal Housing Administration lender in the country in 2003 and 2004.
Friends, family and Motivity employees are mourning Todd Sherman’s
unexpected death on March 19.
A statement by Tyler Sherman on a memorial web site
stated, “Todd collapsed while working out Saturday and passed away in the emergency room with all of us by his side.”
“I have lost my brother, my best friend, and my inspiration, and Todd made me the man and father I am today,” Tyler Sherman’s statement said. “The world has lost the most amazing husband, father, brother, son, friend and human being.”
A memorial service is being held at 1 pm on Saturday at the
Inverness Hotel and Convention Center in Englewood, Colorado.
A March 15 news release from First Guaranty Mortgage Corp. said that
Robert B. Eastep has been appointed chief financial officer of the Tysons Corner, Virginia-based company.
Eastep had been the CFO at Stonegate Mortgage Corp., a publicly traded mortgage banker that has recently seen turnover in the C-suite. He reportedly has two decade’s executive level financial experience in mortgage and depository banking.
The new senior vice president, consumer direct, at Primary
Capital Mortgage is Kyle Eddy, a March 22 news release said. Eddy’s quarter-century in customer care included eight years at CoreLogic Inc., according to his LinkedIn profile.
In Chicago, Craig
Achtzehn has been named vice president of of mortgage origination at the local office by 1st Advantage Mortgage. He reportedly was a top originator during his 14-year mortgage career — which included stints at Guaranteed Rate, Mortgage Master and Prospect Mortgage LLC.
“His extensive leadership and relationship building skills will continue to aid in his success, and other loan officers will benefit from having Craig on board,” 1st Advantage Mortgage CEO Paul Lueken said in the announcement.
Diane Bowser was recruited from Cenlar FSB by Selene Finance LP to fill the role of the newly created position of executive vice president, special servicing, a statement Tuesday said. She has been in the business since at least 1971 and previously worked for firms like Advanta and GMAC.
Residential Home Funding issued a statement on March 21 indicating that
Larry Ambrosino was hired as regional manager for its consumer direct division. His 12 years in the business has included jobs at Continental Home Loans Inc. and Freedom Mortgage.
