LenderLive Network, a domestic-based, end-to-end mortgage services provider, announced the addition of Pete Pannes as the company’s first chief revenue officer.
As LenderLive’s chief revenue officer, Pannes will be responsible for corporate sales, marketing and positioning strategies, as well as product development.
Sales leaders within LenderLive’s six business lines — fulfillment services, secondary marketing, loan servicing, document services, settlement services and due diligence — will also report to Pannes, as well as to their respective division presidents, the company said in a release.
Pannes brings more than 26 years of experience to his position at LenderLive.
Most recently, Pannes was part of the team that founded NMI Holdings Inc., a mortgage insurance company, where he served as its chief sales officer and executive vice president.
Prior to NMI, Pannes spent more than 20 years at PMI Mortgage Insurance Co. in a number of sales roles, including senior vice president of field sales & national accounts.
While at PMI, Pannes was instrumental in the launch of CMG Mortgage Insurance Company, which was jointly owned by PMI and CUNA Mutual and provided mortgage insurance to credit unions.
Pannes also served on the board at CMG Mortgage Insurance Co.
“Success in our industry is always built upon relationships and trust, and no one exemplifies these qualities better than Pete Pannes,” said Rick Seehausen, LenderLive’s chief executive officer. “His leadership, experience, professionalism and drive will accelerate LenderLive’s growth.”
Pannes said he is looking forward to the opportunity.
“Rick and his team have already built a formidable set of solutions for the mortgage and capital markets industries,” Pannes said. “I look forward to helping these markets understand all that LenderLive has to offer and helping expand current relationships and build new ones.”