Industry veteran Tom Wind is stepping down as managing director of J.I. Kislak Mortgage, Miami Lakes, Fla., after just four months on the job, according to industry officials who have been briefed on the matter.
At press time a spokeswoman for the nonbank lender could not be reached for comment.
Last week the lender's parent company appointed Felix Beck, a former chairman emeritus of Chase Home Finance, as a senior advisor to J.I. Kislak.
Wind, who headed Chase Home Finance at one time, told National Mortgage News earlier in the year that "The best time to get into a market is when there's blood in the streets." Kislak was funding about $20 million a month in new loans but Wind believed the firm would increase its run-rate to $100 million a month by yearend.
One source suggested that Wind may already have another position lined up but that could not be confirmed.
During his career, Wind also served as CEO of Aurora Loan Services of Colorado which at one time was controlled by Lehman Brothers.
