MReport November 2022

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M R EP O RT | 13 KIRBY BRENDSEL Flagstar Bank has named Kirby Brendsel as its new Environmental, Social, and Governance (ESG) and Sustainability Director. In this newly created role, Brendsel will lead a team to oversee the growth and development of Flagstar's ESG and sustainability efforts focused on people, planet and performance. "I have always wanted to make a difference in my work," Brendsel said. "Working with a like-minded brand like Flagstar that also wants to make a difference in our communities felt like the right next step for me. The bank is highly committed to corpo- rate responsibility, including diversity, equity and inclusion, along with local community-giving through the Flagstar Foundation. They already have a solid foundation in place that I'm excited to build on while work- ing to grow and advance ESG and sustainability." Brendsel brings nearly two de- cades of ESG experience, including a background in foundation leadership, sustainability, and diversity, equity, and inclusion. Most recently, he was with Welltower, Inc., and earlier in his career, with Nuveen and Starwood Hotels and Resorts. He discovered his passion for serving others while on active duty with the U.S. Army and continues that passion today through service on the conservation com- mission in his hometown of Weston, Connecticut, and prior to that, on the Sustainability Committee, where he helped bring solar energy and a sustainable CT certification to the community. In the months ahead, Brendsel plans to implement a detailed ESG plan that focuses on all of Flagstar's stakeholders, including employees, customers, and the communities Flagstar serves. This will involve as- sessing and augmenting current ESG data, establishing integrated ESG goals, identifying, and addressing gaps and policy updates, as well as increasing stakeholder engagement and disclosure. "Kirby brings a high level of experi- ence, knowledge and enthusiasm for ESG and sustainability, and he has already added tremendous value and insight to our company," said Beth Correa, Director of Corporate Responsibility for Flagstar. "We're committed to making a difference through our environmental, social, and governance initiatives, and I'm looking forward to Kirby's leadership in engaging our key stakeholders in strengthening Flagstar's impact on our people, planet and performance." DON DUBOIS RAY MARINE Fidelity National Financial, Inc., FNF's wholly-owned subsidiary, F&G, has announced that Don DuBois and Ray Marine have been named Co-Presidents of Western Operations. This comes after Roger Jewkes, COO and President of Western Operations for Fidelity National Financial, decided it was time to step back from his current responsibilities and assume a more flexible role within the company. DuBois joined FNF 28 years ago, and has led commercial and residential sales and title operations in Southern California throughout his career. He also held regional and division leadership responsibilities for the Western Commercial Operations and Title Operations in Nevada and Colorado. Marine has 35 years of experi- ence managing and growing FNF's title operations in the San Francisco Bay Area as a County and Regional Manager, and as a Division Manager in Northern California, the Pacific Northwest, and Hawaii. Marine has also worked closely leading FNF's real estate agent focused technology companies. "I want to thank Roger Jewkes for his years of leadership and service to the FNF family of companies, our employees, customers, and share- holders," said Mike Nolan, CEO of FNF. "At the same time, I am excited to welcome Ray and Don to their new roles. We are extremely fortunate to have such a strong legacy of leadership within our companies and exceptional individuals that we can call upon to lead our title operations for years to come." JERRY HALBROOK PennyMac Financial Services has appointed Jerry Halbrook as the organization's Chief Mortgage Innovation Officer. With decades of fintech experience, Halbrook will be responsible for the development and launch of new technology solutions. "Pennymac welcomes Jerry and his extensive expertise as we contin- ue to make significant strides towards building the future of technology in the mortgage banking industry," said Doug Jones, President and Chief Mortgage Banking Officer at Pennymac. "Jerry is a proven leader who will accelerate Pennymac's growth in sectors where our industry is moving—especially in today's com- petitive and volatile market." With more than 40 years of experi- ence, Halbrook has held senior roles working for top 10 mortgage lenders, as well as boutique and large fintech firms. He has led multiple companies in their development, adoption, and implementation of new technology platforms. Most recently, Halbrook served as CEO of Volly, a fintech company that offers a full suite of technology solutions related to the mortgage and real estate industry. "We live in a rapidly evolving digi- tal world where customers' needs are changing. I look forward to working with the immensely talented leader- ship team at Pennymac to provide technology that allows our partners, like correspondent lenders and brokers, to leverage these solutions for the benefit of their customers," Halbrook said. "It is an honor to join a team that inspires industry-leading innovations focused on delivering a superior customer experience." SREENI PRABHU Angel Oak Mortgage, Inc. has named Sreeni Prabhu CEO and President. Prabhu currently serves as Co-Founder, Managing Partner, and Group Chief Investment Officer of Angel Oak Capital Advisors, and he will continue in those roles. Robert Williams will continue to serve in a senior advisory role for the company during a transition period which is not expected to extend beyond Q1 2023 "We are pleased to announce the appointment of Sreeni Prabhu as our new Chief Executive Officer and President," said Michael Fierman, Chairman of the company's Board of Directors. "I have worked side- by-side with Sreeni for more than 14 years and believe his investment and operational experience, leadership, and strategic vision will help drive the company's success in the years to come. After the successful comple- tion of the company's initial public offering in 2021 and its first full year as a public company, the Board believes that now is the right time to make this leadership transition. We want to acknowledge Robert's hard work and contributions to our growth and successful launch of the company as a publicly-traded REIT, and we wish him well in the future." Prabhu is Co-Founder, Managing Partner, and Group CIO at Angel Oak Capital, responsible for the overall investment strategy of the firm. He will retain these responsibilities in addition to assuming the CEO and President roles at the company. Prior to co-founding Angel Oak Capital, he was CIO of the investment portfolio at Washington Mutual Bank in Seattle where he managed a $25 billion port- folio. He was also part of the macro asset strategy team at the bank. "I am excited to assume the role of Chief Executive Officer and President of Angel Oak Mortgage REIT," Prabhu added. "I have, along with the full team, helped advance Angel Oak Capital's significant growth over the last 14 years into an entity that has pioneered a new mortgage market opportunity and delivered attractive risk-adjusted returns for our investors. As a team, we have the experience and capabilities to succeed in any en- vironment, and these attributes align directly with the Company's strategic goals. I look forward to my expanded role within the Company, and we are fully committed to growing the Company through execution of our consistent strategy of underwriting and managing credit risk, judiciously utilizing the securitization market, and prudent leverage. We look forward to reporting our achievements to our shareholders as we move ahead." MAJED A. QMINACCI Equity Prime Mortgage (EPM) has announced the appointment of Majed A. Qminacci, a seasoned financial executive, as its new CFO. Qminacci comes to EPM with MCROWD

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