Several mortgage banking executives have found new homes as lenders and servicers embark on recruiting campaigns to fill recently vacated management positions.
Kevin Cooke Jr. has left his position as senior vice president of the Sales & Business Development unit of AMS Servicing LLC, a division of Arbor Commercial Mortgage in New York, to join Carrington Investment Services LLC as managing director, focusing on business development and institutional clients. In his new role, he will represent the entire Carrington family of companies and specifically promote the growth of the real estate businesses.
“Carrington has a unique business model, and is an ideal partner for companies looking to maximize their returns at virtually every stage of a single family residential real estate transaction,” said Cooke, who has 16 years of experience in the financial services industry.
Carrington also added Lynn Halstead as vice president of wholesale operations to its mortgage lending division’s senior management team, focusing on wholesale lending channel. Halstead is a 25-year veteran of the mortgage banking and real estate lending industry, with experience in virtually every aspect of the business.
“I am excited to join Carrington Mortgage Services, and am looking forward to working with the team to build a best-in-class origination platform,” Halstead said.
Neil Bader, the national retail sales manager for Total Mortgage Services, has parted ways with the company after less than nine months on the job.
“John Walsh, president of Total Mortgage, will oversee the retail channel during Total Mortgage’s search for a high quality leader to assume the leadership role for this channel,” the company said in a statement. “Total Mortgage continues to be committed to both the retail and the wholesale channels.
One of the largest privately held mortgage-banking firms in the west, Kirkland, Wash.-based Cobalt Mortgage, has added Jennifer Davis as national recruiter. Davis reportedly has a decade of recruiting experience, including working with several growth-oriented organizations, where relationship-building with internal and external partners were keys to her success.
“Jennifer has a talent for finding the appropriate people to fit the company’s culture and vision,” stated Dave Bochsler, national sales executive for Cobalt.
Rose Marie David, received a promotion to senior vice president and retail mortgage production leader of HomeStreet Bank, a subsidiary of HomeStreet Inc. David joined HomeStreet in March 2012, and has years of sales of experience.
Frank Guzikowski will bring more than 20 years of lending experience to Grandbridge Real Estate Capital as executive vice president of agency lending, where he will be advising the firm’s national team of loan originators and clients on loans through Fannie Mae, Freddie Mac and FHA. He will also be working to expand the company’s overall multifamily lending business by working with the company’s executive management team.
Meridian Capital Group LLC has hired Peter Steier as managing director, head of equity capital markets, and Terry Baydala as executive vice president, head of structured finance. Peter will be leading the company’s equity capital markets services entry, and Terry will help grow its national and international lender relationships.
National direct lender New American Funding has promoted Jan Preslo to senior vice president division manager of retail lending. Preslo will focus on continuing the development and managing the company’s growing outside retail sales channel.
Kinecta Federal Credit Union added several new executives to its management team for mortgage lending operations to continue the growth of its mortgage division. Kinecta promoted Mike McCarthy to first vice president, retail mortgage origination and operations, directing all loan production from the company’s El Segundo, Calif., and Chicago centers. McCarthy was formerly the director of retail loan production.
Bruce Bingham was hired as vice president, mortgage lending operations to oversee operations for both processing centers, Kinecta reported. Nancy Elander was recruited to be director of mortgage lending operations overseeing wholesale loan processing operations.
Vericrest Financial Inc. has announced that it hired John Sayre as senior vice president of business development. John has 25 years of mortgage banking industry experience and will be focusing on identifying and pursuing new business and strategic opportunities in sub-servicing transaction and the acquisition of mortgage servicing rights.
Vericrest also welcomed David Slear as a senior vice president of default services, where he will be helping build and expand Vericrest’s home preservation programs. Prior to Vericrest, David worked for JPMorgan Chase, CitiMortgage, Old Kent Financial, Stratmor Group and KPMG.
Brookfield, Wis.-based Inlanta Mortgage promoted Robin Hughes, who has been with the company since October 2011, to funding manager. Before her promotion, she was a compliance and quality control analyst.
