Planet Home Lending, Cherry Creek, Union Home announce new hires

Planet Home Lending taps John Bosley as president of mortgage lending

Photo by James Ferry

Meriden, Connecticut-based Planet Home Lending has promoted its executive vice president of capital markets and correspondent loans to president of mortgage lending. John Bosley will be in charge of the company's origination and fulfillment divisions in addition to the correspondent and capital markets departments. With two decades in the mortgage industry, Bosley joined the mortgage originator and servicer in 2012.

"John is widely regarded in the industry for his ability to maximize value across the full mortgage transaction, including securitization. He delivers market-best pricing for our consumer-direct originators and has built processes and uncovered efficiencies to support volume growth for all of our origination channels," said Michael Dubeck, CEO and president of parent company Planet Financial Group, LLC.

Cherry Creek Mortgage promotes Reid Nelson to vice president

Cherry Creek Mortgage has made Reid Nelson its vice president of software development. Before joining the company in 2020, Reid led software-development teams at Compuserve and LenderLive, and he is currently developing a new enterprise document management system for the mortgage lender based in Denver.

“In a few short months as a leader on our advanced technology team, Reid has taken our technology releases from a monthly event to continuous deployment, which allows us to ship changes to our software just as soon as they are tested and verified,” said Darren Shaffer, chief technology officer at Cherry Creek Mortgage.

Cherry Creek Mortgage is licensed in 33 states, and in late 2020, announced a reorganization of its corporate structure. A new parent company, Cherry Creek Holdings, was formed to govern Cherry Creek Mortgage and affiliated businesses.

Reggora signs former Ellie Mae CEO Jonathan Corr to its board

Appraisal software company Reggora has added industry veteran Jonathan Corr to its board of directors. Corr worked at loan origination system provider Ellie Mae for 18 years, most recently serving as its president and CEO, before its acquisition by ICE Mortgage Technology. Corr has already contributed behind-the-scenes to provide strategic direction to leaders at Boston-based Reggora, whose goal is to eventually deliver consistent two-day appraisal turn times.

“After raising our Series B earlier this year, we were looking for an additional leader who could help Reggora continue to deliver a high-quality solution and be a leader in the appraisal space,” said company co-founder Brian Zitin.

Union Home Mortgage hires David Rank to grow national retail business

Union Home Mortgage, a privately-owned mortgage banking company based in Strongsville, Ohio, recently announced the appointment of David Rank as national retail business development director. In his new role, Rank will be responsible for growing UHM’s presence nationwide by building a team of recruiters to source and hire new loan originators. He previously held management roles at MidAmerica Bank, National City Mortgage Corporation, Wells Fargo Home Mortgage and Eagle Home Mortgage over two decades.

“I’ve worked in this industry a long time in a variety of markets and I can honestly say I have never been this excited about a company in a long, long time,” said Rank.

Boston National Title promotes Lisa Vogel to senior vice president

Boston National Title, headquartered in Charlotte, North Carolina, has named Lisa Vogel senior vice president of its national commercial division. Vogel has been with the company since 2015 and helped launch its commercial business, which operates in all 50 states. Vogel’s appointment is the second major promotion within the commercial division at Boston National Title recently. Nicole Wolosoff, Esq. was appointed division president in March.

“[Lisa Vogel] has built BNT’s reputation for successfully championing its clients in large, complex, multi-property transactions,” said Wolosoff.

The Mortgage Bankers Association anticipates an 11% increase in commercial and multifamily loan lending for 2021 compared to last year.

Plaza Home Mortgage brings on Erik Knight as SVP

National correspondent and wholesale lender Plaza Home Mortgage has hired Erik Knight as senior vice president, risk management and compliance. Knight moves over to the San Diego-based company from NewRez, where he served as vice president of operational risk and compliance. In a 20-plus-year career, Knight has previously helped oversee processing and operations management in roles at Ally Bank/GMAC Mortgage, Keystone Asset Management and Lehman Brothers/BNC Mortgage.

Knight’s hiring comes on the heels of recent promotions at Plaza Home Mortgage of COO Michael Fontaine to co-president (he will continue in a dual role as COO) and Michelle Richardson to senior vice president, chief financial officer.

D.R. Horton expands its board, adding former HUD secretary Ben Carson

U.S. Department of Housing and Urban Development

U.S. Department of Housing and U/Mitch Miller

Homebuilder D.R. Horton has appointed neurosurgeon and former Housing and Urban Development Secretary Dr. Ben Carson to its board of directors. Carson’s addition as an independent director increases the size of the Arlington, Texas-based company’s board from six to seven, of whom six are independent or outside directors. Carson also joins D.R. Horton’s Nominating and Governance, Audit and Compensation Committees.

The largest homebuilder by volume in the United States, D.R. Horton had 46,100 homes in inventory as of March 31, of which 12,200 were unsold. The current short housing inventory along with rising lumber costs have raised home prices to a level out of reach for many potential buyers.

ReverseVision’s Joe Langner elected to board of NRMLA

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The National Reverse Mortgage Lenders Association has unanimously elected Joe Langner, CEO and president of ReverseVision, to its board of directors. He will replace and finish the term of former ReverseVision CEO John Button. Headquartered in San Diego, ReverseVision hired Langner to serve as company president in March 2020, and he was promoted to the dual role of president and CEO in January.

In April, the association announced that it had introduced a bill in New York State to allow eligible co-op residents to obtain reverse mortgages. Gov. Andrew Cuomo vetoed a similar effort in 2019.

Mortgage Network hires longtime Boston mortgage professional Kate Dirrane

Independent lender Mortgage Network, based in Danvers, Massachusetts, has announced the hiring of Kate Dirrane, who will join its Boston branch as loan officer and sales assistant. A Boston native, Dirrane will assist residents in New England with their home financing needs.

Dirrane previously worked as a mortgage loan processor with NE Moves Mortgage and as regional team lead at National Mortgage Insurance Corp. She is also a member of the Melrose/Wakefield Chapter of the Women’s Business League.

Planet Home Lending, Cherry Creek, Union Home announce hires, promotions