In the mortgage industry, loanDepot recently announced leadership changes that involve four executive departures. Chief Financial Officer Patrick Flanagan, who joined the company in 2017, will be replaced by David Hayes from CoreLogic.
The other three departing executives are:
* Jeremy Kisner, SVP and Chief Process Officer, who was responsible for driving operational, technological, and service improvements.
* Kevin Butler, SVP of Loan Servicing, who focussed on working relations with various mortgage servicers.
* Patrick Akuna, SVP of Consumer Direct Retail Loan Producing & Chief Production Officer, who was in charge of loan production and marketing.
David Hayes will be taking on the role of Chief Financial Officer from Flanagan. Hayes has extensive experience with public financial reporting and running public companies. He was previously employed at CoreLogic for a decade, eventually becoming Chief Accounting Officer. His roles included overseeing the finance, accounting, treasury, investor relations and real estate departments.
All four departures are part of loanDepot’s continued effort to prepare the company for a future public offering and create a leadership structure that will drive long-term success in a competitive mortgage industry.
You can read this full article at: https://www.housingwire.com/articles/top-executives-to-leave-loandepot-amid-business-line-consolidation/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
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