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Bob Jakubowicz has been named executive director of retail sales at Oak Street Mortgage LLC, Carmel, Ind., replacing company president Glenn Brunker in that role.Mr. Jakubowicz was most recently senior director of retail sales with Oak Street. The company said he "has a track record of building high-growth sales organizations" with several large financial institutions, such as Bank One, Household International, and First National Bank of Chicago. Oak Street can be found online at http://www.oakstreetmortgage.com.
July 20 -
GMAC Mortgage Corp., Horsham, Pa., has announced that industry veteran Tom Donatacci has returned to the company as senior vice president in its Business Development Group.GMAC Mortgage said Mr. Donatacci will be responsible for all third-party subservicing sales and marketing. In his previous stint with GMAC Mortgage in the late 1990s, Mr. Donatacci was an executive in the company's capital markets operation and helped build its servicing portfolio, the company said. In addition, he was involved in high-profile deals such as the acquisition of the mortgage servicing operations of Wells Fargo Bank. He was most recently the head of the mortgage servicing transactions business at Lehman Brothers/Cohane Rafferty, where "he worked on headline-making industry deals, including the sale of GE Mortgage, Fleet Mortgage, Homeside Lending, and Principal Residential Mortgage," GMAC Mortgage said.
July 20 -
Scott Kinnaird has been named chief executive officer of a la mode inc., an Oklahoma City-based developer of software and online services for the real estate and mortgage industries.Celebrating its 20th anniversary this month, a la mode said the company's growth spurred the move, along with the naming of Sean Shiplet to the newly created post of chief operating officer and the opening or expansion of several offices. Mr. Kinnaird was most recently a la mode's chief strategy officer. Company founder and former CEO David Biggers will retain the role of chairman and will focus on new product, market, and strategic project development, a la mode said. Mr. Shiplet was previously the company's executive vice president of sales and customer support. In addition, a la mode announced that a regional sales and training center was recently opened in Orlando, Fla., and that its Salt Lake City development office and its legal affairs office in Washington, D.C., have been expanded. The company can be found online at http://www.alamode.com.
July 20 -
Fannie Mae has announced the appointment of three executives to the posts they have held on an interim basis since December.The three executives are as follows: Thomas Lund, executive vice president of Fannie Mae's single-family mortgage business; Kenneth Bacon, executive vice president of housing and community development; and Richard Lawch, senior vice president of Fannie Mae's multifamily mortgage business. Daniel H. Mudd, president and chief executive officer of the government-sponsored enterprise, said Fannie is also proceeding with the selection process for a permanent chief financial officer, credit risk officer, and chief ethics officer and hopes to make those announcements "as quickly as possible." Fannie Mae can be found on the Web at http://www.fanniemae.com.
July 20 -
Randy Lightbody has been appointed managing director of the wholesale division of RBC Mortgage Co., Houston.Mr. Lightbody will manage the company's wholesale sales and operations throughout the United States. He served most recently as national production manager and executive director of lending at Morgan Stanley, where he was on the team that launched the organization's residential conduit business in 2003, RBC said. Mr. Lightbody previously served as senior vice president and national sales manager of Bank One's wholesale and correspondent businesses. RBC said its wholesale division generated more than $6 billion in production volume in 2004 through more than 25,000 loans, accounting for 38% of the company's annual volume. RBC Mortgage, an indirect, wholly owned subsidiary of Royal Bank of Canada, can be found online at http://www.rbcmortgage.com.
July 19 -
Saxon Capital Inc., Glen Allen, Va., has announced that Bradley D. Adams and Mark D. Rogers are no longer employed by Saxon, a residential mortgage lender that operates as a real estate investment trust.Mr. Adams, formerly the REIT's executive vice president for capital markets, "has separated from service" with Saxon, while Mr. Rogers, formerly senior vice president and corporate strategies director, has resigned, according to the REIT. Saxon did not disclose the reasons for the departure of the executives. The company can be found on the Web at http://www.saxoncapitalinc.com.
July 18 -
Citigroup president and chief operating officer Robert Willumstad, an 18-year veteran of the company -- and a one-time candidate for the top job at Fannie Mae -- is leaving the company.Mr. Willumstad, 59, is also leaving the Citigroup board, and he announced that he will "pursue opportunities" to lead a public company. From 2000 to 2003 he headed Citigroup's global consumer operations, which include consumer finance. Once considered a candidate to head Citigroup, Mr. Willumstad was passed over for the top job in 2003 by Sandy Weill, who chose Charles Prince to be chief executive officer. Mr. Willumstad was believed to be a finalist for the Fannie Mae CEO position, which went to interim CEO Daniel Mudd this spring.
July 15 -
Mark C. Walker has been promoted from vice president and chief financial officer of Capital Title Group Inc., Scottsdale, Ariz., to executive vice president and chief operating officer of the title insurance company.Mr. Walker joined Capital Title in 1998 as its CFO, and he will retain that post for the near term, the company said. In addition to title insurance, Capital Title provides appraisal and other transaction services to the real estate and mortgage industries. The company can be found online at http://www.capitaltitlegroup.com.
July 14 -
Glenn Brunker has been named president of Oak Street Mortgage LLC, a mortgage lender based in Carmel, Ind.Mr. Brunker was most recently executive director of marketing and retail sales of the company. He previously held executive positions at Household International, Bank One, and Boatmen's Bank. Steve Alonso, chairman and chief executive officer of Oak Street, said Mr. Brunker's assumption of the company's day-to-day operations "will allow me to more fully focus on driving strategy while identifying further growth and diversification opportunities." The company can be found on the Web at http://www.oakstreetmortgage.com.
July 14 -
Robert J. Rothschild has been named to the newly created position of senior vice president for commercial real estate lending at Signature Bank, New York.Mr. Rothschild, 54, was most recently vice president and group head of Long Island regional real estate lending for the Bank of New York. His 30-year banking career also included several real-estate-related finance positions with Dollar Dry Dock Savings Bank, White Plains, N.Y., and a position as vice president and team leader in real estate lending at Manufacturer's Hanover Trust. Signature can be found on the Web at http://www.signatureny.com.
July 13