2 C-Suite Moves Among Mortgage Executive Activity

Mortgage News

Mortgage Daily Staff

                                                 August 12, 2016

In addition to a pair of C-Suite appointments, recent mortgage executive activity includes a C-Suite firing and mid-level movement.

American Pacific Mortgage has promoted Bill Lowman to chief executive officer from president, a July 29 announcement indicated.

Lowman has been with the Roseville, California-based company since 2002, while he has reportedly been in the business for 30 years.

Lowman takes over the CEO role from American Pacific Mortgage founder, Kurt Reisig, who became chairman.

On July 19,
Carrington Mortgage Services announced that Ray Brousseau has been promoted to president. He started at Carrington in 2011 and has nearly three decades’ experience.

Brousseau previously worked for CitiFinancial Inc., where he started in 1989. Most recently he was executive vice president of servicing at Citi.

“Under Brousseau’s leadership, Carrington’s full-service mortgage lending business — including wholesale, retail and centralized sales and operaons — has experienced unprecedented growth and operational results,” Anaheim, California-based Carrington said.

Irving, Texas-based Caliber Home Loans Inc. said on Aug. 8 that Al Murad was appointed senior vice president of consumer direct.

With almost a decade in the mortgage business, Murad previously was a senior vice president of sales at loanDepot LLC, Caliber stated.

The new retail region manager in Costa Mesa, California, at New Penn Financial LLC is Gerry Fernandez, an Aug. 11 statement said. His more than two decades in the business includes over two years at New American Funding.

Cynthia Chen has been appointed to the position of chief risk officer at LendingHome, the San Francisco-based company said Wednesday. Chen reportedly has 12 years’ related experience.

Fifth Third Bancorp fired Heather Russell, its general counsel, last month, the Wall Street Journal reported. Russell was fired following her disclosure to the Cincinnati-based company that she was in a relationship with Fannie Mae CEO and President Timothy Mayopoulos. Both are reportedly separated from their spouses and met while working together at Bank of America Corp.

Mortgage Daily Staff

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