TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/1357006
14 | M R EP O RT MCROWD GOVERNMENT TERESA BRYCE BAZEMORE FHLBank San Francisco announced that its board of directors has named Teresa Bryce Bazemore as the Bank's President and CEO. "We are extremely proud and pleased to have Teresa's leadership at the Federal Home Loan Bank of San Francisco," said Dan Siciliano, Chairman of the Bank's board of directors. "Teresa Bryce Bazemore has a wealth of executive experience in the housing finance industry and a passion for advancing economic pros- perity for all, which will make her an invaluable asset to the Bank and the members and communities we serve. She understands our unique role in the housing finance sector, having recent- ly served on FHLBank Pittsburgh's board of directors, and she shares our commitment to partnering with others to advance equitable and just afford- able housing solutions." Bazemore, 61, has been a trailblazer in the mortgage banking industry. As a senior executive in the field, she brings more than 25 years' experience building and leading both mortgage insurance and services businesses. She served as President of Radian Guaranty from July 2008 until her retirement in April 2017, oversee- ing the strategic planning, business development, and operations of the mortgage insurance business line. Prior to becoming President of Radian, she served as the company's EVP, General Counsel, Corporate Secretary, and CRO. Previously, Bazemore was SVP, General Counsel, and Corporate Secretary for Nexstar Financial Corporation and served as General Counsel for the mortgage banking line of business at Bank of America. "It is an honor to have the oppor- tunity to lead the Federal Home Loan Bank of San Francisco, which plays such a vital role in promoting home- ownership, affordable housing, and economic development in partner- ship with our members," Bazemore said. "At a time when the liquidity provided by FHLBanks will be needed to aid a national economic recovery, I am excited to work with the Bank's team to make a positive impact on our members, their customers, and the communities they serve." DANA WADE Dana Wade, former Commissioner of the Federal Housing Administration (FHA), has joined Bethesda, MD-based commer- cial real estate finance firm Walker & Dunlop Inc. In her new role, Wade will serve as Chief Production Officer for all FHA- backed loan originations with the U.S. Department of Housing and Urban Development (HUD). Wade will also lead the company's affordable housing financing activities. As Commissioner of the FHA, Wade was responsible for carrying out the agency's mission of providing affordable housing for moderate and low-income households, implement- ing enhanced risk management for the FHA's $1.4 trillion portfolio, lead- ing more than 2,400 employees. "I am thrilled to have Dana join us," Walker & Dunlop Chairman and CEO Willy Walker said. "Her skills and expertise will immediately add value to Walker & Dunlop's FHA production team. Having a leader with Dana's skills augmenting our focus on afford- able housing, which has accounted for $17 billion of Walker & Dunlop's lending over the past three years, will be extremely valuable to our clients and team members." Prior to joining the FHA, Wade served as Associate Director at the Office of Management and Budget (OMB), where she led budget over- sight for six Executive Branch agen- cies with a focus on financial services, including HUD and multiple inde- pendent agencies. Wade also held senior roles in Congress, including Deputy Staff Director for the Senate Committee on Banking, Housing and Urban Affairs, and Deputy Staff Director for the Senate Committee on Appropriations. Dana graduated from Georgetown University with a bache- lor's degree in economics and earned her MBA from the Wharton School at the University of Pennsylvania. LENDERS JODI BAILEY TERRY MITCHELL Planet Home Lending, LLC, a national lender and servicer, has promoted Jodi Bailey to SVP, Total Rewards, and Terry Mitchell to SVP, Human Resources. Both promotions come as Planet Home Lending continues to expand its mortgage platform and attract top talent. 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 "This has been an exciting year for Planet Home Lending as we more than doubled total origina- tion volume and nearly doubled the servicing portfolio," said Ben Hughes, EVP and Chief HR Officer of Planet Home Lending. "Jodi and Terry have successful track records for attract- ing and engaging top talent. As we continue to expand, they will maintain our world-class HR division." Bailey will oversee the company's Total Rewards and Payroll depart- ments. She has nearly two decades' compensation and total rewards experience, obtained primarily in the mortgage industry. Bailey's extensive market insight will inform Planet Home Lending's compensation and benefits strategies, enabling it to attract and retain top-tier talent in today's com- petitive employment market. Before joining Planet Home Lending in 2019, Bailey held compen- sation management roles at Caliber Home Loans, MetLife Home Loans and Countrywide Financial Corp. Mitchell will direct the human resources business partner team at Planet Home Lending, driving em- ployee engagement, satisfaction, and retention. Known for his expertise in applying analytical tools to improve employee experience, Mitchell en- sures Planet Home Lending employ- ees are as happy on their first day and as they are on the day they leave. His more than 25-year career includes human resources leadership roles at Senior Care Centers, Saxon Mortgage, JCPenney and Wingspan Portfolio Advisors. JOHN KERATSIS Pretium, a specialized investment manage- ment company focused on real estate, mortgage finance, and corporate credit that holds more than $20 billion in assets, announced that John Keratsis will succeed Matt Nichols as President and CEO of its Deephaven Mortgage platform. Keratsis, an accomplished business leader in the mortgage lender services industry, brings to Deephaven nearly two decades' experience and expertise. In his new role, he is responsible for leading the next phase of Deephaven's strategic growth. He will partner closely with Nichols, who will continue to serve as Executive Board Chair of Deephaven. Prior to joining Pretium and