People

  • LION Inc., Seattle, has announced key management changes in two of its mortgage-related businesses.Kristi Angell has been hired to run Mortgage 101, LION's lead generation business, and Sern Clementson has been promoted to president of Tuttle Risk Management Services, a LION subsidiary that provides mortgage pipeline risk management services. Mr. Clementson will also head up LION's capital markets business segment. The company can be found on the Web at http://www.lioninc.com.

    July 13
  • CenterPoint Properties Trust, a real estate investment trust based in Oak Brook, Ill., has announced the termination of Paul T. Ahern, who had been on administrative leave from his position as executive vice president and chief operating officer of the REIT since April 15.CenterPoint gave no reason for the termination. The company also announced the promotions of Sean P. Maher to executive vice president for portfolio operations and of Neil P. Doyle to senior vice president for development. Mr. Maher was previously a senior vice president, and joined the REIT as vice president of investments in 1997. Mr. Doyle also joined the company in 1997 and became vice president for development in 1998. The REIT can be found online at http://www.centerpoint-prop.com.

    July 13
  • Rodney M. Colombi has been promoted to executive vice president of corporate finance for New Century Mortgage Corp., Irvine, Calif., and David N. Kenneally has been promoted to senior vice president and controller.Mr. Colombi joined the company in 2002 and was most recently senior vice president of corporate development. He served previously as SVP at Countrywide Financial Corp. and held senior finance posts at H&R Block/Option One Mortgage Corp., Bank of America Consumer Lending and Trust Services, and Household, New Century said. Mr. Kenneally joined New Century in 2003 and was most recently vice president and controller. He was previously SVP and chief financial officer at Consumer Portfolio Services Inc. and held senior financial positions at LoanGenie.com and Fidelity National Financial. New Century can be found online at http://www.ncen.com.

    July 12
  • John A. Vella has been named president and chief operating officer of Aames Investment Corp., a Los Angeles-based mortgage real estate investment trust.Mr. Vella was most recently chief sales officer for Option One Mortgage, a national subprime lender, and he previously served as Option One's chief administrative officer. Aames can be found on the Web at http://www.aames.com.

    July 11
  • Christian Pierotti has been named to the newly created position of manager of governmental affairs at PMI Mortgage Insurance Co. Ltd., also known as PMI Europe.PMI said Mr. Pierotti will be responsible for developing PMI Europe's regulatory affairs strategy and directing all governmental lobbying efforts at the European Union and national levels. "Mr. Pierotti will initially focus on the implementation of Basel II [capital adequacy guidelines] at the EU and national level seeking to recognize appropriate capital relief for banks that transfer credit risk through mortgage insurance," PMI said. "Additionally, he will work to position mortgage insurance as a prudent means to expand covered bond loan eligibility, extending this important -- and growing -- funding tool to a broader array of residential mortgage loans."

    July 11
  • Lenders One, a 60-company mortgage cooperative based in St. Louis, has hired a former top official at CitiMortgage to help it develop new business opportunities.Until recently, the new hire, Jeff McGuiness, was executive vice president and managing director of correspondent lending at CitiMortgage of O'Fallon, Mo. Mr. McGuiness will hold the title of EVP and will also focus on managing the co-operative's existing mortgage banking relationships. "As margins tighten for independent mortgage bankers in the future, Jeff will focus on developing strategies that independent lenders can use to ensure their success," said Lenders One president Tim Stern. Formed in 2000, the cooperative's members fund about $45 billion annually.

    July 11
  • A number of executives who formerly worked for E*Trade's correspondent unit have joined a new correspondent division at American Home Mortgage Investment Corp.Rick Pishalski, AHMIC's new executive vice president and correspondent lending director, previously was correspondent channel senior executive and business manager at E*Trade Financial Mortgage Services; Jim Chatman, AHMIC's new vice president and Southeast account executive, previously was VP, Southeast Lending at E*Trade; Dan Ferris, AHMIC's new VP and Pacific Northwest AE, previously was VP, Southeast Lending, at E*Trade; and Brideen Gallagher, AHMIC's new VP and Northeast AE, previously was VP, Northeast lending at E*Trade. E*Trade said earlier this year that it planned to phase out its correspondent division. AHMIC can be found online at http://www.americanhm.com.

    July 6
  • David C. Schneider has been named president of the Home Loans Division of Seattle-based Washington Mutual Inc.WaMu said Mr. Schneider, 39, will take the reins of the division from the company's chief operating officer, Steve Rotella, who has served as acting head of the operation since March. Mr. Schneider was previously president and COO of CitiMortgage Inc., St. Louis, which he joined in 2001. Before that, he was executive vice president of retail banking for Old Kent Financial Corp. and chief financial officer of Old Kent Mortgage. WaMu can be found online at http://www.wamu.com.

    June 30
  • Alina Garcia has been named chief operating officer of the retail lending division of Wachovia Mortgage Corp., Charlotte, N.C., and David Overcast has been named chief administrative officer of the division.Ms. Garcia has held various executive posts with Wachovia and Countrywide Home Loans, and in nearly 18 years of mortgage industry experience has been responsible for loan origination, affordable housing, strategic planning, and other activities, the company said. Mr. Overcast was most recently the operational risk executive for Bank of America's mortgage division. He has worked in the financial services industry for 16 years, during which he has managed incentive compensation plans, operational risk reporting and mitigation, and other operations, according to Wachovia. Wachovia Mortgage can be found on the Web at http://www.wachovia.com.

    June 29
  • John W. Stewart, a co-founder of Metrocities Mortgage LLC, Sherman Oaks, Calif., and former executive at Countrywide Home Loans, has been rehired by Metrocities as president of strategic initiatives.Mr. Stewart will work in collaboration with Metrocities' retail divisional presidents and senior executives in managing the company's national strategic business development plan, Metrocities said. Most recently a managing director of strategic business development at Countrywide, Mr. Stewart co-founded Metrocities in 1989 and helped form the company's Affiliated Business Arrangement joint venture program, Metrocities said.

    June 29