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Todd Luhtanen, vice president and chief technology officer at origination vendor Dynatek, Livonia, Mich., has been promoted to president and chief technology officer.In his new role, Todd Luhtanen will have responsibility for overseeing all sales, marketing, and support functions, as well as the company's general business operations, Dynatek said. Jack Luhtanen will continue in his role as Dynatek's chief executive officer and maintain his daily involvement in company operations, directing all aspects of its policies, objectives, and initiatives. Jack Luhtanen and Todd Luhtanen, together with Linda Luhtanen, established Dynatek in 1986. The company can be found on the Web at http://www.dynatek.com.
January 25 -
Patricia Ann Milon has left Fannie Mae to become chief legal officer and senior vice president for regulatory affairs at America's Community Bankers.Ms. Milon worked at Fannie Mae for seven years as vice president and deputy general counsel for regulatory, legislative, and charter compliance issues. "Patty is recognized as a top-notch lawyer with great expertise in the banking field and a thorough understanding of the issues that matter to our members," said ACB president Diane Casey-Landry. "She will be an extraordinary addition to the ACB senior management team." Ms. Milon also worked at the U.S. Treasury Department as senior counsel for financial institutions.
January 25 -
Mortgage banking veteran Steven F. Stein has been hired to head the Home Loans Retail Production sales channel of Washington Mutual Inc., Seattle.Mr. Stein, 52, has more than 25 years of mortgage industry experience. Most recently, he served as executive vice president of wholesale lending for St. Louis-based CitiMortgage Inc. and, before that, as EVP of retail lending, according to WaMu. Mr. Stein previously served as vice president and national sales manager at Prudential Home Mortgage, where he managed sales and marketing for the company's Home Mortgage Connection Division. He was also responsible for creating and developing a wholesale origination channel that provided processing and marketing support to mortgage brokers, WaMu said. WaMu can be found on the Web at http://www.wamu.com.
January 25 -
Industry veteran Bob Lewis has been named senior vice president and director of the residential mortgage wholesale channel at Fifth Third Bancorp, Cincinnati, as part of an effort to boost Fifth Third's wholesale market share.The company said Mr. Lewis will be responsible for the growth of sales and fulfillment of mortgage loan origination from broker relationships throughout the East. Mr. Lewis joins Fifth Third from Wells Fargo Home Mortgage, where he served as wholesale national sales manager in the institutional lending division and previously managed its correspondent banking business. In connection with the planned expansion of wholesale operations, Fifth Third said Mr. Lewis has appointed Scott Enders vice president and national operations manager and the following as vice presidents and regional division managers: Chris Shrader for the West region; Jim Hensley for the Southeast; and Christopher Knox for the Northeast.
January 24 -
Scott Carstens has been named chief financial officer of eLynx Ltd., a Cincinnati-based provider of secure document delivery and business process management Web services for the financial services industry.The company also announced the appointment of Alexander Pozin as the director of product marketing. The appointments will "help further solidify" the company's position in the mortgage finance market and position it to move into additional markets such as general financial services, auto finance, consumer lending, and insurance, eLynx said. Mr. Carstens previously held various posts in finance, accounting, mergers and acquisitions, planning, treasury, and sales at NCR Corp, Convergys Corp., OfficeMax Inc., TRW Inc., Oracle Corp., and Siebel Systems. Before joining eLynx, Mr. Pozin worked for Waterloo, Ontario-based Open Text Corp. as a product marketing manager, with Washington Mutual in strategic sourcing, and with Deloitte & Touche in consulting, eLynx said. The company can be found online at http://www.elynx.com.
January 23 -
Al Tappe, an executive at Countrywide Home Loans, has been named chief operations officer of Citigroup's Citi Real Estate Lending, St. Louis, effective Feb. 1.Mr. Tappe will be responsible for supporting all real estate origination operations, including dedicated channel support for unique customer or product needs, and a business center that provides cross-channel support for common functions, the company said. He held senior positions at Countrywide as chief technology officer and chief operations officer in the company's Consumer Markets Division. Mr. Tappe also held positions in the mortgage operations of Wells Fargo & Co. and Bank of America.
January 23 -
Joseph F. Eckroth has been named executive vice president of New Century Financial Corp., a real estate investment trust based in Irvine, Calif., and chief operating officer of its subsidiary, New Century Mortgage Corp.Mr. Eckroth was most recently senior vice president and chief information officer of the parent company. He was previously CIO of Mattel Inc. and two divisions of General Electric Co. New Century said Mr. Eckroth will lead its mortgage subsidiary as it seeks to become one of the industry's lowest-cost producers. The parent company can be found on the Web at http://www.ncen.com.
January 20 -
Joel Furst has been named president of First Continental Mortgage and Investment Corp., a chiefly nonprime wholesaler based in Fairfield, N.J.Mr. Furst was previously a vice president at First Continental. The company also announced the promotions of Dan Bucci and Ray Salerno Jr. from vice presidents to executive vice presidents. In addition to its nonprime wholesale operations, First Continental operates several branches in the Northeast that handle retail and wholesale prime and nonprime business.
January 20 -
E. Ashley Smith has been named executive vice president, general counsel, and chief legal officer of Stewart Information Services Corp., Houston, and its wholly owned subsidiaries, Stewart Title Guaranty Co. and Stewart Title Co.Mr. Smith was most recently vice chancellor for governmental relations and policy for the University of Texas System, Stewart said. He was a member of the Texas House of Representatives for 14 years. Stewart can be found online at http://www.stewart.com.
January 18 -
Rob Katz has been named executive vice president of sales and marketing at Del Mar Database, a San Diego-based Fiserv subsidiary that specializes in providing technology to small and medium-size lenders.Before joining Del Mar in 2001, Mr. Katz was chief information officer at Monument Mortgage. Del Mar also announced the promotion of Rob Pommier to the position of vice president of national sales. The company can be found on the Web at http://www.delmardb.com.
January 18