A new president has been named at the home lending unit of U.S. Bancorp. The new leader was promoted from within and takes over a business that was among the top five lenders last year.
Dan Arrigoni will retire as president of U.S. Bank Home Mortgage on June 30, the Minneapolis-based company reported.
Arrigoni has been in the job since January 1996 following a merger with Investors Bank. He has worked in the mortgage industry for more than four decades.
|Rick Aneshansel has been named to replace Arrigoni as president of the mortgage unit.
Aneshansel is being promoted from his position as chief financial officer, a job he has held since 1995.
The new leader has 31 years’ mortgage experience, according to the announcement. His prior employers include Metmor Financial and Sunbelt National Mortgage Corp.
On his LinkedIn profile, Aneshansel says he graduated from University of Wisconsin-Eau Claire with a BBA in finance.
Aneshansel takes over a company that originated nearly $85 billion last year — making it the third-biggest mortgage lender in 2012.
With a residential mortgage servicing portfolio of $276 billion as of Dec. 31, 2012, U.S. Bank Home mortgage ranked as the fifth-biggest servicer.
Headcount at the mortgage subsidiary currently stands at 5,000 employees, while the company operates 40 production offices.