Career moves

Johnson, who currently heads a housing-finance industry group, will take over this summer from longtime president and CEO Richard Hunt.

Also, Gateless promotes its own to chief technology officer, Panorama Mortgage Group announces new brand, Lower appoints its first CFO and more.

Founder and largest shareholder Anthony Hsieh will now direct strategy as executive chairman.

If each employee who received this deal accepts it, the company’s headcount will be reduced by about 2,080.

Originations in this business have slipped over the past four quarters and now make up less volume than what the bank brings in from consumer direct.

The moves are the latest executive changes at the company since Chris Marshall moved up to president.

Also, AI-platform Gateless names industry veteran as its first president, new CDFI and non-QM lender Champions Funding begins operations and Farmer Mac welcomes back board chair.

Former Wells Fargo executive Michael Heid is the new chairperson, while David Benson, currently president, also becomes interim chief executive.

Chief Technology Officer Diane Yu joins a growing number of C-suite personnel leaving the New York-based mortgage lender in recent months.

Non-agency loan expert Bill Dallas will transition to serving as an advisor to the parent company’s CEO for the coming year.