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William C. Morris has been named to the newly created position of executive vice president for mergers and acquisitions at Impac Mortgage Holdings Inc., Newport Beach, Calif.Mr. Morris was most recently EVP and chief financial officer of Media Arts Group, and he headed Citigroup's Middle Market Group in New York before that. Impac, a mortgage real estate investment trust, can be found online at http://www.impaccompanies.com.
August 15 -
David Feldman has been named executive vice president of operations at eAppraiseIT LLC, Poway, Calif., and Mark Cassidy has been named chief appraiser and director of the company's appraiser support division.Mr. Feldman, previously senior vice president of operations at the company's Danvers, Mass., operations center, will oversee all of eAppraiseIT's internal operations. Mr. Cassidy owned his own appraisal company for more than 20 years. He will oversee more than 10,000 appraisers, promoting professional development and working to ensure appraisal independence and integrity, eAppraiseIT said. The company can be found on the Internet at http://www.eappraiseit.com.
August 15 -
Cyndi Lindenberger has been named president of Preferred Properties Real Estate Inc., a subsidiary of Union Equity Inc., Palm Beach, Fla., that is applying for correspondent mortgage lender status.Ms. Lindenberger has more than 20 years of experience in residential mortgage loan origination, processing, underwriting, and real estate speculation, Union Equity said. She will also serve as senior underwriter for Union Equity. The company said PPRE, once it has obtained its correspondent lender license, will offer loans to the general public and will also act as a support vehicle for Home Sales Express, a Union Equity subsidiary specializing in the for-sale-by-owner market. Union Equity can be found online at http://www.unqt.com.
August 15 -
Merit Financial Inc., a Kirkland, Wash.-based mortgage lender, has hired Ryan N. Kidd as its new chief financial officer. Mr.Kidd joins Merit from Hauser & Associates, a Bellevue, Wash. based public accounting firm, where he was principal of the organization catering to mortgage banking clients and served as Merit Financial’s CPA for four years before joining the company’s internal team. "Ryan is uniquely poised to spearhead the fiscal management of our company, not only because he has been a part of the Merit family since we opened our doors, but because of his vast experience monitoring companies through start-up and growth phases, " said Scott Greenlaw, chief executive and founder of Merit Financial. "His drive to succeed and focus on results will certainly help the company continue to grow while managing and sustaining our business." Mr. Kidd replaces Christine Clark, who left the company to be a full-time mother. Merit Financial can be found online at http://www.thisismerit.com.
August 11 -
Paul G. George has been named executive vice president for human resources at Freddie Mac, effective as of the week of Aug. 22.Mr. George was most recently senior executive vice president of human resources at Wachovia Corp. for six years. He was previously a member of Waste Management Inc.'s interim management team while the company merged with a competitor, and he worked for 10 years as senior vice president of human resources at United Airlines.
August 4 -
Donnalee DeMaio has been named president of New York-based MetLife Bank, which is emphasizing its mortgage and savings products and has become a "strategic business unit" for MetLife Inc., according to the parent company.Ms. DeMaio was most recently the bank's chief financial officer. She succeeds Shailendra Ghorpade, who will remain a member of the bank's board and will head MetLife's institutional business operations as well as its new business development and its marketing and product development, the parent company said. Ms. DeMaio cited the bank's brand name and "unique distribution model" and touted its "leading-edge savings and mortgage products" as indicators that the bank will continue its "growth trajectory." The bank can be found online at http://www.metlifebank.com.
August 4 -
Gerard J. Heinz has been named chief operating officer of Mortgage Cadence Inc., a Denver-based mortgage lending platform provider.He will be responsible for Mortgage Cadence's product direction, development, support, and education. Mr. Heinz has 30 years of organizational expertise in the mortgage and technology industries, during which time he has held senior roles in finance, secondary marketing, mortgage operations, servicing, and mortgage-related technology, Mortgage Cadence said. The company can be found online at http://www.mortgagecadence.com.
August 3 -
Devin Murphy has been named global head of real estate investment banking at Deutsche Bank, succeeding Jacques Brand.Mr. Murphy joined Deutsche Bank in March 2004 as a managing director and head of Real Estate Investment Banking in the Americas. He will report to Mr. Brand, who will continue to work closely with the real estate group as co-head of Corporate Finance Coverage in the Americas, Deutsche Bank said. Mr. Murphy was previously a managing director and co-head of U.S. Real Estate Investment Banking at Morgan Stanley, where he was employed for 14 years. Deutsche Bank can be found online at http://www.db.com.
August 2 -
John G. Stumpf, group executive vice president of community banking at Wells Fargo & Co., has been named president and chief operating officer of the San Francisco-based company.Mr. Stumpf has been with Well Fargo for 23 years, and has been an EVP in his current role for three years, the company said. He has been responsible for regional banking, diversified products, private client services, Internet services, and Wells Fargo Services. Mr. Stumpf joined the former Norwest Corp. in 1982 as a senior vice president and chief credit officer for Norwest Bank, and with the merger of Wells Fargo and Norwest in 1998 he became head of the Southwestern Banking Group, Wells Fargo said. Mark C. Oman, senior EVP of the company's Home and Consumer Finance Group, will report to Mr. Stumpf. The company can be found online at http://www.wellsfargo.com.
August 2 -
John J. Mack has resigned from the board of directors of Cousins Properties Inc., Atlanta, citing increased commitments to his new position as chairman and chief executive officer of Morgan Stanley.Mr. Mack joined the board of Cousins, a real estate investment trust, in 2001. The company said his seat on the board will not be immediately filled. The REIT can be found on the Web at http://www.cousinsproperties.com.
August 1