Career moves

Marianne Sullivan will be charged with overseeing the start of the second phase in a multi-year plan to develop cloud native technology at the servicing software company.

However, the jobs picture for December was better than what was expected, the Bureau of Labor Statistics data found.

Also, Rice Park ups venture capital funding team, Planet Home opens branches in mid-Atlantic and Union Home names Texas regional manager.

Jan Davis has been named acting president of the technology standards organization as the Mortgage Bankers Association conducts a search for a permanent replacement.

While mass firings abound, the employment situation is not moribund for those with certain skills sets in demand.

Also, LoanLogics sees changes at the top, the Mortgage Bankers Association promotes three and Synergy One, Falcon Capital name general counsels.

The new recruits mainly cover the East Coast.

The 60-person group, headed by Marc Wadman, originates loans in Colorado, Georgia, Kansas, Louisiana, Missouri, South Carolina and Texas.

Kristy Fercho, who's run the bank's home lending division since August 2020, will report directly to CEO Charlie Scharf and sit on the operating committee. Last year, she became the first Black person to chair the Mortgage Bankers Association, and she took the top spot in American Banker's Most Powerful Women to Watch this year.

About half of the Texas-based lenders' offices are transitioning to American Pacific Mortgage, according to a source.