At times, the generational divide in mortgage lending feels like the setup to a workplace sitcom: the Gen X loan officer wonders why no one returns their voicemail, while the Gen Z loan officer never even bothered to configure theirs. Beyond the humor, there’s a real operational issue: knowledge that took 30 years to accumulate […]
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Long-time Redfin CEO Glenn Kelman is leaving the firm, he announced in a LinkedIn post Tuesday afternoon. Processing Content “After 20 years, I’m leaving Redfin,” he wrote. “I gave it my all! Leaving was my decision. I love my colleagues. We saved consumers a billion dollars in commissions. I hope to use all that I
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Chris Marshall, the former Mr. Cooper executive who was serving as Sagent’s chairman, has added the CEO title at the mortgage servicing technology company. Processing Content Geno Paluso, who had taken the CEO job after Marshall first became chairman, will become vice chairman and serve as a senior advisor during a transition period, a press
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The Mortgage Bankers Association is starting 2026 with a major leadership appointment, appointing an experienced accounting executive to chief financial officer. Processing Content The industry trade group welcomed Alexandra Brinton to the role of vice president, chief financial officer. With a background working for a variety of trade and nonprofit organizations, she will be responsible
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Bob Hart will become president of ICE Mortgage Technology on Jan. 1, as part of a corporate shuffle which will move Tim Bowler to another unit at Intercontinental Exchange. Processing Content Most recently, Hart, who joined Intercontinental Exchange as part of the Ellie Mae acquisition, was the mortgage unit’s senior vice president of business and
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Kenny Smith, a former Deloitte Consulting vice chairman is the new CEO of Freddie Mac, the company announced. He starts his new position on Dec. 17. Processing Content Michael Hutchins, who occupied the seat twice on an interim basis, will remain as Freddie Mac’s president. Hutchins had replaced Diana Reid after she was ousted in
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West Palm Beach, Florida-based Newday USA, a specialist in lending to U.S. veterans, named Neil Brooks as president of its new mortgage program. As head of Newday Home, Brooks will lead efforts to open homeownership to veterans through the unit, including the launch of a network of national real estate agents. A U.S. Navy veteran,
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Fannie Mae Chief Operating Officer Peter Akwaboah has added the acting CEO title following the departure of Priscilla Almodovar, the company announced late Wednesday afternoon. Akwaboah, a former Morgan Stanley executive, came on board at Fannie in February 2024. In addition, John Roscoe and Brandon Hamara have been named as co-presidents of the government-sponsored enterprise.
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Residential mortgage and services provider Rate is rolling out the welcome mat for mortgage industry veteran Jason Stenger, appointing him to chief production officer. Stenger moves over to Chicago-based Rate from Movement Mortgage, where he most recently held the title of chief operations officer, a role he served in for over three years. Lyra Waggoner
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Nexa Lending welcomed mortgage industry veteran Tammy Richards as chief strategy officer, one of a series of recent moves introduced by the company as it also undergoes a rebranding initiative. As chief strategy officer, Richards will help lead market development and expansion for the Mesa, Arizona-based lender, which recently changed its name from Nexa Mortgage.
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