ON THE MOVE

loanDepot Names Former CoreLogic Exec

Its New CFO loanDepot continued its shakeup of its corporate leadership, announcing on it has hired a CoreLogic executive as its chief financial officer and other C-suite changes.

The Irvine-based loanDepot, the nation’s thirdlargest mortgage lender, said the changes are part of its previously announced Vision 2025 plan.

The latest change includes the appointment of David Hayes, 48, as CFO, the company said. He succeeds Patrick Flanagan, who will leave the company after a transition period.

He joins loanDepot from CoreLogic Inc., where he most recently served as executive, finance and treasurer. In that role he oversaw financial management of CoreLogic’s business operations, including budgeting and forecasting, strategic planning, M&A, pricing, and capital expenditures. He also managed global enterprise liquidity, cash flow forecasting, investments, debt and capital markets, hedging, banking relationships, and corporate insurance.

Before joining CoreLogic in 2010, Hayes held various senior leadership positions across finance, treasury, and interest rate risk management at Prospect Mortgage LLC, and Indymac FSB. He has also served on the boards of ComplianceEase and Symbility.

Hayes will be based at the company’s Irvine headquarters, and will be responsible for managing loanDepot’s financial functions, including its accounting, treasury, tax, corporate finance, and investor and lender relations activities, the company said.

An employment agreement filed with the Securities and Exchange Commission (SEC) states that Hayes will start with a three-year contract and a base salary of $500,000, as well as an annual bonus of with a “target” of 140% of base salary (or $700,000) and a maximum of 200% of base salary (or $1 million). Hayes also will be eligible for an annual equity award with a target value of $1.65 million.

Lender Price Hires Technology Veteran As New Chief Strategy Officer

Lender Price, a Pasadenabased provider of digital lending technology for the mortgage industry, has appointed industry veteran and financial services technology leader Paul Orlando as its chief strategy officer (CSO).

As CSO, Orlando will lead several technology initiatives, overseeing areas such as corporate strategy, product innovation, and process enhancements, the company said.

Orlando has held several leadership roles throughout his 36-year career, including serving as chief information officer at United Wholesale Mortgage, Home Point, and Flagstar Bank.

“Paul’s extensive background in financial technology will no doubt provide a positive impact on our platform, our customers, and the Lender Price organization across a number of different areas,” said Dawar Alimi, co-founder and CEO of Lender Price. “We believe

Paul’s extensive leadership experience and his numerous contributions over the course of his career will help Lender Price continue driving innovation for our customers and the mortgage industry in general.”

Alimi added that Orlando’s proven experience “will help us continue developing award-winning technology that delivers even more value for new and existing clients.”

Orlando said he is excited to join Lender Price. “When I was first introduced to the company in 2016 at the MBA Annual conference in Boston, I knew that they were a company to watch,” he said. “Their innovative technology and approach to the product and pricing space are revolutionary and opened the door for our clients to be able to evaluate not only individual loans but entire portfolios quickly and efficiently.”

PRMG Welcomes

Aimee Eller As New General Counsel

Primary Residential Mortgage Group Inc. (PRMG), an independent mortgage banker and residential home lender operating nationwide that is based in Corona, has hired Aimee Eller as its new general counsel.

Eller has over 25 years of experience in mortgage banking. She’s a native Hoosier who graduated from Hanover College and the Indiana University School of Law – Indianapolis, now known as the McKinney School of Law.

She is a well-rounded mortgage banking professional who graduated from the MBA Residential Future Leaders Program in October 2022 at the MBA

Annual Conference. Her team won the final project presentation. Eller can lead IMBs of any size and most recently led the legal, compliance, QC, and risk management departments of a retail IMB.

Over the span of her career, she has supported every lending channel and operational unit in a company. She knows the lifecycle of the mortgage loan and understands the customer, loan originator, and account executive experience from application to closing and even beyond. Most recently, Aimee has launched servicing retention and worked closely with operations to launch TPO lending.

“We are very excited to have Aimee join our executive senior leadership team and head up our Legal & Compliance Department in her role as General Counsel. We are confident her expertise in legal and compliance will continue to serve the organization and provide guidance to protect and serve the PRMG team,” said Paul Rozo, PRMG CEO.

Eller lives with her husband, three children, father-in-law, and two dogs. In her spare time, she enjoys playing tabletop games with her family, reading, drinking wine on her porch, and keeping the ‘56 Nash Metropolitan inherited from her mother in driving condition.

PennyMac Mortgage Investment Trust Announces Changes To Its Board

PennyMac Mortgage Investment Trust announced that Donna Corley, former executive vice president and head of single-family business at Freddie Mac, joined its board of trustees and that Marianne Sullivan stepped down, both effective June 1, 2023.

“I am excited to announce Donna Corley’s election to our Board of Trustees,” said Chairman and CEO David Spector. “Her expertise in singlefamily housing, including in capital markets and mortgage credit, combined with her considerable experience working alongside regulators and other industry participants, will undoubtedly provide a unique and invaluable perspective. We welcome her arrival with great enthusiasm and look forward to her many future contributions.”

Corley spent her nearly 30-year career at Freddie Mac. From 2019 to 2022, she served as executive vice president and head of single-family business, responsible for managing a portfolio of mortgage assets totaling nearly $3 trillion. Her responsibilities included managing client relationships, optimizing asset acquisitions and pricing, establishing credit and servicing policies, and ensuring sound practices in managing credit, counterparty, compliance and operational risks. Corley previously served as chief risk officer for the single-family business from 2014 to 2019, and senior vice president of credit pricing, risk transfer and securitization from 2011 to 2014, along with other roles.

Corley has served as a board member of Bite Me Cancer since 2018, where she is co-chair of the Operations Committee. Corley holds a B.S. in business administration from The American University and earned a Chartered Financial Analyst designation.

Kiavi Appoints Alex Urmersbach As

Chief Financial Officer

Kiavi, a provider of financing to real estate investors, today announced the appointment of Alex Urmersbach as chief financial officer. In this role, Urmersbach will lead Kiavi’s financial strategy and operations, including the company’s finance, accounting, capital markets, and business operations functions. Urmersbach’s deep experience in the lending and mortgage sectors will further bolster Kiavi’s position as a reliable, trusted financing partner to real estate investors.

“We’re thrilled to welcome Alex to Kiavi’s leadership team,” said Arvind Mohan, CEO of Kiavi. “Alex’s extensive experience in driving growth via innovative, value-creating financial strategies will further enhance Kiavi’s ability to reliably serve our customers across the nation as well as our capital markets partners.”

Urmersbach brings more than 20 years of experience in financial management, driving growth, and operating scale to his new role. Prior to joining Kiavi, he held Chief Financial Officer positions at private lender Athas Capital Group, global business process outsourcer Teleperformance, and mortgage lender Panorama Mortgage Group. In addition, he held leadership positions at HomeBridge (previously Prospect Mortgage) and Bank of America. Urmersbach attended the Anderson School of Management at UCLA and holds an MBA from Universität Hohenheim in Stuttgart, Germany.

“I couldn’t be more excited to join Kiavi, especially as the company continues to demonstrate impressive growth and differentiation in this challenging macroeconomic environment,” said Urmersbach. “I look forward to working with the Kiavi team to build on its already strong foundation, and am deeply committed to the organization’s mission of providing real estate investors with the capital they need to scale their businesses and revitalize aged homes across the country,” he concluded.

Alvarez And Gill Join Forces As BridgeCounsel Strategies LLC

The former Commissioner and Senior Deputy Commissioner of California’s Department of Financial Protection & Innovation (DFPI) have partnered to offer strategic and government-advisory services to financial institutions navigating the state and federal regulatory landscape. Through BridgeCounsel Strategies LLC, Manny Alvarez and Ed Gill will combine their experience in the public sector as two of California’s top former financial regulators, along with diverse private sector experience, to offer unparalleled insight for clients.

“I’m excited to work with BridgeCounsel to help depository institutions, fintechs and other financial services companies navigate these changing and volatile times,” said Ed Gill. “Manny and I both have a deep understanding of the regulatory landscape. I’m confident we can deliver valuable perspectives and insights to licensees and other institutions the DFPI touches.”

Gill previously oversaw the regulatory management of the Division of Corporations and the Division of Financial Institutions, which includes California banks and credit unions, mortgage banks, brokerdealers and investment advisers, and other licensed financial institutions. Prior to his experience as senior deputy, Gill worked as a senior vice president with U.S. Bank, Citibank and Bank of America. Before founding BridgeCounsel Strategies, Alvarez served as California’s chief banking and financial regulator, first as Commissioner of the Department of Business Oversight (DBO) and then as the first Senate-confirmed Commissioner of the DFPI, which broadly regulates the state’s banking and financialservices industry. Prior to serving as commissioner, Alvarez was the first General Counsel of Affirm, Inc., the leading point-of-sale platform founded by Max Levchin. In addition to his work with BridgeCounsel, Manny sits on the board of directors of East West Bank and advises various early-stage fintechs.