MReport June 2020

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10 | M R EP O RT MCROWD LENDERS STEVEN D. BLACK Wells Fargo & Company announced that its shareholders elected Steven D. Black to the company's Board of Directors at its 2020 annual meeting of shareholders. Black has served as co-CEO of Bregal Investments, a private equity firm, since September 2012. Black has more than 45 years' financial services experience, includ- ing at JPMorgan Chase & Co. where he served in leadership positions in its investment banking business. At JPMorgan Chase, he served as Vice Chairman from March 2010 to February 2011, and he also was a member of the Operating and Executive Committees. "We are pleased to welcome Steve to the board," said Charles Noski, Wells Fargo's board Chair. "Steve's deep knowledge of the financial ser- vices industry and financial markets, as well as his expertise in strategy and solving problems gained from advising clients all over the world, will bring valuable insight to our board." During his time at JPMorgan Chase, Black held numerous roles including Investment Bank Executive Chairman from 2009–2010; co- CEO of the Investment Bank from 2004–2009; Investment Bank Deputy Co-CEO from 2003–2004; and head of the Investment Bank's Global Equities business from 2000–2003. Prior to his time with JPMorgan Chase, Black worked at Citigroup Inc. and its predecessor companies. "We are fortunate to be able to add Steve to the board," said Wells Fargo CEO Charlie Scharf. "Our board and management team are work- ing with a sense of urgency to drive important cultural and structural changes at Wells Fargo, and I look forward to working with Steve and the other directors to continue the transformation of our company." Black serves on the board of Nasdaq, Inc. He received a Bachelor of Arts degree in Political Science from Duke University. KEVIN DELORY To ensure the continued growth and evolution of Carrington Mortgage Services, LLC (CMS) Wholesale and Correspondent mortgage business, as well as ongoing enhancement of the broker customer experience, CMS, one of the nation's largest privately held non-bank lenders, has promoted Kevin DeLory to SVP, Wholesale & Correspondent. DeLory is uniquely suited to leverage CMS's considerable market advan- tages that include FICO scores down to 500, extensive manual underwriting expertise, best-of-breed technology, superior customer service and a robust nationwide network of mortgage brokers. "Kevin has created an impressive record of sales successes throughout his career," said Greg Austin, EVP, Lending, for Carrington Mortgage Services. "As someone who knows the sales role intimately, he provides the essential leadership and direction to account executives that will be instrumental in continuing to attract top talent and drive the rapid growth of the Wholesale and Correspondent segments of our business." In addition to offering brokers and borrowers a diverse range of conven- tional Fannie Mae, Freddie Mac, FHA, VA and USDA products, Carrington's considerable ongoing investment in technology—including robotic process automation, machine learn- ing and industry-leading mortgage industry applications—is available to all brokers who work with CMS. Such technology allows brokerages of all sizes to utilize CMS's systems to disclose to borrowers at best-in-class speed—accelerating brokers' ability to process loan scenarios, identify loan products that will work best for their borrowers and provide excep- tional personalized service to their customers. "At Carrington, we look for ways to close every loan that makes sense for borrowers; and with our underwriting expertise we can see through credit and other issues to concentrate on the homebuyer," DeLory said. "Our borrowers are not just a FICO score; and we are committed to helping them find a home." DeLory's career is distinguished by more than 20 years of extraor- dinary sales successes. Prior to joining Carrington in 2013, his This month, some of the industry's largest companies saw significant changes to their corporate lineups. Who's moving on and who's moving up in the industry accomplishments included month- after-month top producer honors at three separate companies, as well as many President's Club and AE of the Year honors. In his new role, DeLory will continue to personally develop the talented account executives across his sales team—which boasts a 90% retention rate—even as he builds Carrington's Wholesale and Correspondent channels. SHONDRA JENKINS Homespire Mortgage (HMC), a national residential mortgage lender, announced Shondra B. Jenkins has joined its team as Director of Philanthropy and Community Engagement, to further develop and enhance its corporate social responsibility programs and outreach. Homespire Mortgage is a national mortgage lender and approved Fannie Mae and Freddie Mac seller and servicer, providing affordable loan options now across 34 states. Jenkins comes to Homespire Mortgage with nearly 20 years' of experience designing, implementing, and measuring corporate social re- sponsibility programs. Prior to joining the team, Jenkins founded and was CEO of SBJ Consulting, and led the philanthropy efforts for Sodexo, a food service and facilities management company, creating targeted and im- pactful social responsibility programs. Serving as the Executive Director of

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