MortgageIT Names Prez

Gary Bierfriend, president of the wholesale lending division of MortgageIT Inc., has been named to the new post of president of the New York-based company.He will be responsible for all the company's retail, wholesale, and correspondent lending activities, as well as HomeCloser LLC, MortgageIT's settlement services business. Doug Naidus, chairman and chief executive of MortgageIT, said Mr. Bierfriend is a "recognized authority" in the industry, who as president of MIT Lending, the company's wholesale operation, "spearheaded what was merely a business idea at its inception in early 2000 to what is today a top-25 national wholesale platform." Before joining MortgageIT, Mr. Bierfriend served as managing director, chief compliance officer, and general counsel for MortgageIT's wholly owned predecessor company, IPI Skyscraper Mortgage.