Career moves

Founder and largest shareholder Anthony Hsieh will now direct strategy as executive chairman.

If each employee who received this deal accepts it, the company’s headcount will be reduced by about 2,080.

Originations in this business have slipped over the past four quarters and now make up less volume than what the bank brings in from consumer direct.

The moves are the latest executive changes at the company since Chris Marshall moved up to president.

Also, AI-platform Gateless names industry veteran as its first president, new CDFI and non-QM lender Champions Funding begins operations and Farmer Mac welcomes back board chair.

Former Wells Fargo executive Michael Heid is the new chairperson, while David Benson, currently president, also becomes interim chief executive.

Chief Technology Officer Diane Yu joins a growing number of C-suite personnel leaving the New York-based mortgage lender in recent months.

Non-agency loan expert Bill Dallas will transition to serving as an advisor to the parent company’s CEO for the coming year.

Also, loanDepot promotes within its marketing division, BSI Financial aims to grow lending operations and NAREB appoints executive director.

Also named the chairman of Home Point, the onetime single-family EVP’s latest appointment is his third in the past two years.

Panorama Mortgage Group and Hunt Mortgage also appoint COOs, SitusAMC adds to its title sales team and non-QM lender Sprout finds head of TPO business with internal promotion.

Sushil Sharma, former Pray.com and LendingTree executive, will take on the newly created chief growth officer position.

Also, InstaMortgage, SitusAMC, Mortgage Network add experienced sales leaders, Greystone expands its CMBS platform and Popular Bank finds new head of residential lending.

The nation's second largest title insurer reported lower fourth quarter earnings, but the shift to purchase transactions pushed revenue higher.

Zanin, a former GE Capital executive, became chief risk officer at the government-sponsored enterprise only one year ago.

He is leaving the Texas-based nonbank lender less than one year after it was acquired by New Residential Investment.

Also, Guaranteed Rate and Amerifirst Home Mortgage focus on Western expansion, Notarize adds chief officers and Timios names new president.

Derek Flowers, a 24-year company veteran, will replace the retiring Amanda Norton. Flowers' familiarity with the megabank's operations will help as it continues working through regulatory consent orders, CEO Charlie Scharf said.

Chief Operating and Growth Officer Pat Dodd becomes interim president and CEO following Frank Martell’s move to non-executive chairman of the company’s board.

Bob Walters' decades of experience with the brand offers stability as it fights to remain at the forefront amongst its competitors in mortgage and related businesses.