A top executive at Nationstar Mortgage LLC’s retail lending subsidiary has jumped ship and joined another fast growing company.
By the end of 2012, Nationstar had already expanded its staffing to 4,700 employees from just over a thousand two years earlier. Headcount reached nearly 7,000 by the end of last year.
Helping to increase headcount at the Lewisville, Texas-based company was its May 2013 acquisition of Greenlight Financial Services’ origination platform and unfunded loan pipeline.
The president of Greenlight, David Norris, added chief marketing officer of Nationstar to his title after the acquisition. He had been with Greenlight since October 2012, according to his LinkedIn profile.
Norris reportedly oversaw a 91 percent increase in loan production while he was at Greenlight.
But he’ll be relinquishing both titles at Nationstar and taking on the roles of president and chief operating officer at loanDepot LLC.
An announcement Monday from Irvine, Calif.-based loanDepot said that Norris will join the company and report to loanDepot Chairman and Chief Executive Officer Anthony Hsieh.
Prior to his time at Greenlight, Norris was president of Discover Home Loans and LendingTree Loans.
With Norris on board, Hsieh will continue to lead long term growth, capital strategy and the expansion of industry relationships, the statement said.
“Dave’s impressive track record in the financial services sector as an operator, acquirer and integrator is a perfect complement to our executive team and their focus on accelerating market share expansion,” Hsieh said in the news release. “His leadership style, passion for quality customer service, and talent for improving operational efficiencies in technology environments is impressive and positions him as the right person for this role.”
Norris takes over a business that originated $8.4 billion in 2013 and $6.7 billion in 2012. The announcement projected production of $14 billion for this year.
The company claims to be “the nation’s fastest growing independent retail mortgage lender.”
Supporting its growth was last year’s acquisition of imortgage Inc.
Headcount currently stands at 2,500 employees, including 80 licensed mortgage bankers. Staffing has grown from just 475 in August 2011.
Branch count is 60.
