CALIFORNIA
SAN FRANCISCO
Passport Capital hired Jeffrey Kong as a portfolio manager, who will be responsible for managing the firm's mortgage-backed and related fixed-income strategy.
Kong joins Passport from Structured Portfolio Management where he was senior managing director and partner.
He has nearly 25 years of experience trading and evaluating mortgage securities.
Before his tenure at Structured Portfolio Management, Kong was a director and senior mortgage-backed securities trader at Donaldson, Lufkin & Jenrette.
COLORADO
DENVER
MountainView Capital Holdings hired Robert Wellerstein as a managing director in its mortgage and fixed-income sales and trading units.
Wellerstein joins MountainView from Banc of Manhattan Capital, where he was a senior vice president of whole loan and fixed-income sales and trading.
He previously worked 17 years at Countrywide Securities Corp., where he was responsible for sales of all fixed-income products, including agency servicing portfolios, residential whole loan pools, mortgage-backed securities and Community Reinvestment Act loans.
CONNECTICUT
MILFORD
TMS Funding, the wholesale residential lending channel of Total Mortgage Services, hired Ingrid Helfgott, Mark Karanovich, Samantha Hay, Kathleen McLaughlin, Alan Caldwell and Patrick Creighton as wholesale account executives.
Helfgott has 30 years of experience in the mortgage business, including sales, processing, and underwriting and management responsibilities.
Most recently, she was employed by Home Savings of America as an account executive.
Karanovich has 28 years of mortgage lending industry experience.
For the last two years, he was a senior account executive with NetMore America.
Hay has over 20 years of wholesale lending experience including origination, closing and auditing.
Most recently, she was employed as a product/technology consultant with AmTrust Mortgage Banking, where she managed broker and correspondent clients in the Central Florida region.
McLaughlin has over 20 years of wholesale lending experience.
For the last three years she was a wholesale account executive with EverBank Wholesale.
Caldwell has 19 years of experience in wholesale, correspondent and retail mortgage lending.
Most recently, he was employed by Wells Fargo Home Mortgage as a wholesale account executive managing mortgage broker relationships in Maryland with a focus on both conforming FHA and jumbo loans.
Creighton has 16 years of experience in developing, managing and servicing clients in the mortgage lending marketplace.
Prior to joining TMS Funding, he was a sales manager with Archer Capital Corp.
ILLINOIS
DES PLAINES
The National Association of the Remodeling Industry named immediate past president Paul Zuch of Capital Improvements in Allen, Texas, as its chairman of the board and elevated Michael Hydeck of Hydeck Design Build in Telford, Pa., to the office of president.
The remaining officers include president-elect Dean Herriges of Urban Herriges & Sons Inc., Mukwonago, Wis.; treasurer Fred Spaulding of Quality Home Improvements Inc., Kingwood, Texas; and secretary Art Donnelly of Legacy Builders & Remodelers Corp., Holbrook, N.Y.
Paula Goedert of Barnes & Thornburg in Chicago serves as general counsel and Mary Busey Harris as NARI’s executive vice president for its national headquarters.
LOUISIANA
NEW ORLEANS
Orpheum Property Inc. appointed Morris Kahn as its chief executive officer.
In addition, Andrew Reid, Orpheum's prior CEO, will continue as chairman, and Tyrus Young, its chief financial officer, has been appointed a director of the company.
Prior to joining Orpheum Kahn was the founder and Principle Associate with Morris Kahn & Associates.
He brings with him over 23 years of business development planning and finance, real estate development finance, and construction budgeting and auditing.
Reid has more than 20 years of corporate finance and management experience.
In 2006 Mr. Reid started NOLA Commercial Finance Inc., a commercial finance company.
MASSACHUSETTS
BOSTON
Goodwin Procter LLP said that Jeffrey Legault has joined the firm’s business law department in its private equity practice.
Legault will be based in Goodwin’s New York office and his practice will focus on domestic and cross-border mergers and acquisitions and private equity transactions.
He joins Goodwin from Cadwalader, Wickersham & Taft LLP, where he had practiced since 2005.
MISSOURI
ST. LOUIS
Mike Duggan has joined Berkadia’s St. Louis HUD/FHA office as a vice president.
Duggan brings to the company more than 20 years of experience in commercial real estate finance.
His career includes two years with Gershman Investment, a St. Louis-based HUD/FHA lender and more than 12 years with Capmark, the former owner of Berkadia’s loan origination and servicing businesses.
Earlier, he spent five years with Hanover Capital Mortgage Corp.
PENNSYLVANIA
BENSALEM
ISGN hired John Axt as title products operations and delivery executive.
A 32-year veteran of the real estate industry, Axt comes to ISGN with 21 years of experience in the title insurance industry where he recently served as district manager for Stewart Title Guaranty Co.
He also spent more than 10 years in the vendor management field with Stewart Lender Services and ABN Amro Mortgage Group.
FORT WASHINGTON
Aklero Risk Analytics appointed Richard Downing as executive vice president of sales.
Downing is a veteran of the mortgage and consumer data industries, with more than 30 years of experience in working to deliver technology-based consumer lending solutions to residential and equity lenders.
He most recently served as senior vice president at Kroll Factual Data, and also served as president of The Credit Network.
VERMONT
BRATTLEBORO
Northeast Home Loan named Mark Burton as senior vice president and production manager.
In this capacity, he will lead the firm’s retail and wholesale residential mortgage production channels.
Burton is a 30-year veteran of the mortgage industry, whose background includes regional and national positions in the areas of sales and marketing, product acquisition, pipeline management, credit policy and quality control.
His positions in the secondary market include that as a founding officer of EverBank Reverse and in various capacities at Fannie Mae during the 1990s and early 2000s.
