ICON Residential Lenders appointed R.J. Arnett as executive vice president of wholesale lending, a newly created position. Arnett will oversee the national sales force with a nationwide network of mortgage brokers.

“R.J. is a seasoned mortgage professional who has a track record of growing sales and motivating employees,” said Andrew Pollock, chief executive of ICON, an Irvine, Calif.-based wholesale mortgage originator and servicer.

Arnett was executive vice president of CS Financial, a California-based independent residential and commercial retail mortgage banking firm. Before that, he was a managing director at MortgageIT, a Deutsche Bank ($48.45 1.79%) subsidiary, and also worked at Countywide Financial for many years in various positions.

Rushmore Loan Management Services signed an agreement last week to acquire ICON from Hamilton, N.J.-based Grand Bank. The transaction is expected to close in the fourth quarter or the first quarter of 2013.

jhilley@housingwire.com