TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/1357006
M R EP O RT | 15 MCROWD Deephaven, Keratsis held the posi- tion of Senior Managing Director at Incenter where, during his tenure, his responsibilities included oversight of several mortgage services and spe- cialty lending business units and over 800 employees. Matt Nichols, Founder of Deephaven, said, "We are excited to welcome John to the Deephaven team. He is a committed entrepre- neur with a proven track record of building successful businesses that combine a client-centric operating approach with a commitment to providing world-class service. His depth and breadth of experience and expertise will be instrumental as we continue to scale our platform and look to capitalize on a broad array of strategic business opportunities." Keratsis added, "I am thrilled to be joining Deephaven during a time of considerable expansion in the Non-agency credit space. Pretium's willingness to invest in intelligent tech- nologies will allow Deephaven to grow and offer creative products to borrow- ers, which is an exciting opportunity for someone with my experience." JEFF MACK Mortgage executive Jeff Mack has been announced as the COO for South Florida- based mortgage originator Renaissance Home Loans. In his role as COO, Mack will rede- sign and reimplement the company's lending operation. He will also partici- pate in vertical expansion activities, investments, and corporate alliances. With his interpersonal and public speaking skills, he will promote the company's culture and vision. By the end of Q1, Mack will also lead the ex- ternal business development strategy. He will additionally be accountable for the creation of various internal key policies, procedures and controls. Mack comes to Renaissance Home Loans with two decades of total experience, including fixed-income, capital markets, and compliance. He was most recently VP with First Guaranty Mortgage Corporation. He was one of the longest-standing employees with the company. Mack helped co-create the capital markets department, the affinity channel, and the non-agency platform. Mack addi- tionally served in the role of Director, National Business Development, and Director of Capital Markets through- out his tenure. "Jeff has intimate knowledge of the most complex aspects of the mort- gage financial models," Renaissance Home Loans CEO Mark Mayhook said. "He is also well regarded throughout the financial and business community as a charismatic campaigner and company guy. We will look to Jeff's expertise as well as his ability to col- laborate with his extensive business network as Renaissance Home Loans takes its place among the state's top financial services firms." JEFFREY MOYNIHAN Cornerstone Bank, a community bank with 12 locations through- out central Massachusetts, has recently hired Jeffrey Moynihan for the position of VP, Mortgage Loan Officer. Moynihan has over 14 years of banking and mortgage experience and will help lead the team responsible for helping customers finance their homes. "Jeffrey's vast experience in the world of banking is what drew us to him," Cornerstone Bank CEO Todd Tallman said. "He has experience in every area of retail banking, includ- ing as a teller and manager, before exclusively focusing on mortgages. This strong foundation will assist him in helping our customers make their dreams of home ownership a reality." Moynihan, a resident of Norton, has a bachelor's degree in finance and economics from Southern New Hampshire University. Prior to joining Cornerstone Bank, he held positions as a VP of Mortgage Lending at a lending firm in Boston and a Sales Manager in the home loan depart- ment for a bank in Quincy. "I am excited to begin the next chapter of my career," said Moynihan. "My family values giving back to the community and so does Cornerstone Bank, making it a perfect fit. Life is not fulfilled if we cannot touch the lives of others in a positive way, and I hope to do that through mortgage lending and charitable opportunities with the bank." SAKET NIGAM Spring EQ, a nationwide first and second mortgage lender, has hired Saket Nigam to be its SVP, Capital Markets. Nigam, who brings more than a decade of experience working in the mortgage capital markets, will be responsible for leading the company's continued growth in the consumer-direct and wholesale mortgage markets for first and second mortgage products. "Saket has significant leadership experience and secondary mort- gage market expertise," Spring EQ CEO Jerry Schiano said. "He thinks like an entrepreneur, has a diverse background, and possesses the skills needed to build a cohesive team. I expect he'll be an excellent addition to our team." Nigam, who will report directly to Schiano, will assume leadership of developing deep and productive re- lationships with banks, credit unions, and Wall Street. "I am looking forward to building upon Spring EQ's existing successful second lien and first mortgage busi- ness," Nigam said. "I admire the cul- ture of excellence inside and outside the company and am eager to help fulfill its customer-centric mission." CRAIG SCHIMELMAN Quontic, the adaptive digital bank, has hired Craig Schimelman as VP, National Wholesale Sales Manager. Schimelman comes to Quontic from Athas Capital Group, where he served as Vice President of Wholesale Production. Schimelman will continue building out the National Wholesale foot- print for Quontic. He is responsible for hiring Regional Sales Managers and Wholesale Account Executives to aggressively grow the non-QM market. He will also continue to build relationships with current and new mortgage brokers to drive Quontic's unique, highly competitive wholesale mortgage loan programs. "Craig is a heavy hitter in the mort- gage industry, and we are pleased to have him join the Quontic team," said Steve Schnall, CEO of Quontic. "We are committed to the Wholesale Mortgage side of our business and bringing Craig onboard furthers our goal to be the premier non-QM CDFI lender in the nation." "With my background in build- ing sales teams and growing non-QM sales division to record levels, I'm bringing a unique and strategic approach to Quontic," said Craig Schiemelman, VP, National Wholesales Manager at Quontic. "Interest rates are at a record low and the real estate market is booming right now. Quontic offers exceptional products for every home buyer, and I'm looking forward to leading the charge." SERVICE PROVIDERS ALI HARALSON Auction.com announced that Ali Haralson has been promoted to President, a new position in the company that will oversee both sales and operations. Haralson, who has served as the company's Chief Business Development Officer since 2017, will continue to report to CEO Jason Allnutt. "Over the last four years, Ali has successfully partnered with our clients to develop creative disposition solutions, expand our product offer- ings, innovate new technologies, and help build the vision of Auction.com's rapidly growing marketplace," Allnutt said. "I'm thrilled to have her step into this new role, which will set the stage for efficient growth and excellence at Auction.com even as distressed dis- position volumes are expected to rise in the coming months and years." In her four years at Auction.com, the company lauded Haralson for "spearhead[ing] the launch of innova- tive disposition solutions that reduce friction in the distressed property marketplace and ultimately pro- duce better outcomes for mortgage servicers, distressed homeowners, distressed property buyers, and surrounding communities." Products launched under Haralson's leader- ship include Portfolio Interact™, Bid Interact™, and Offer Interact™. "At Auction.com, we are focused on products and solutions that more efficiently get to sold," Haralson said. "This focus results in a truly transpar- ent marketplace that is beneficial for all parties involved in a distressed dis- position. A transparent marketplace ensures the highest and best offer— protecting both the servicer's interest and the homeowner's equity. A transparent marketplace also rewards buyers who are best at responsibly rehabbing distressed homes and returning them to the retail market— which in turn improves homeowner- ship rates and home values in the