Career moves

NMI Holdings Inc. president Jay Sherwood will step aside and become the company's vice chairman for the remainder of his employment agreement, the company said in an 8-K filing.

USAA will shift about 120 positions in its mortgage operations from an office near Dallas, to offices in Tampa, Fla., and Phoenix.

Mortgage professional hiring and new job appointments for the week ending Sept. 25.

Ocwen Financial Corp. announced that it will lay off approximately 300 residential servicing employees at its facility in Waterloo, Iowa.

Money360, a marketplace lender that focuses on commercial real estate, has hired mortgage industry veteran Gary Bechtel as its president.

…And when you're done with the past, check out our special report on the industry's future.

Mortgage professional hiring and new job appointments for the week ending Sept. 18.

Blackstone Group's Invitation Homes, the largest owner of single-family rental houses in the U.S., hired Ernest Freedman from Apartment Investment & Management Co. to become its chief financial officer.

Exchange Bank in Santa Rosa, Calif., has hired the president of Sequoia Pacific Mortgage.

Brian Webster, the Consumer Financial Protection Bureau's mortgage originations program manager who has worked on a number of technology-related policy and research initiatives, is leaving the agency to join Wells Fargo Home Mortgage.