People Movers

LRES promotes Audrey Clearwater to SVP of operations

Clearwater will focus on expanding LRES' commercial and residential evaluation division
LRES Corp., a national residential and commercial mortgage services company, recently announced it promoted Audrey Clearwater to the position of senior vice president of operations. Clearwater said she looks forward to executing the organization’s strategic goals.
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Class Valuation acquires reverse-focused AMC Landmark Network

Erik Richard named COO of Western region, will oversee reverse support nationwide
Landmark Network, a reverse mortgage appraisal management company, has been acquired by nationwide AMC Class Valuation, which recently changed its name from Class Appraisal. "Landmark is a leader in a market that we expect to grow as Baby Boomers look for options to carry them through retirement," said Class Valuation Chief Innovation Officer Scot Rose.
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Fannie Mae names new chair of the board

Egbert Perry stepping down, Jonathan Plutzik elevated from vice chair
Fannie Mae recently had a change at one of its most important leadership positions when Tim Mayopoulos stepped down as CEO after serving in that role for more than six years, but it turns out that isn't the only change to the government-sponsored enterprise’s management happening this year. Fannie Mae announced Monday that Egbert Perry is stepping down from his position as chair of the GSE’s board of directors.
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Mr. Cooper hires restructuring expert as new CFO

Brings on Capital Bank Financial Co-founder Christopher Marshall
Mr. Cooper has hired Christopher Marshall to take over as chief financial officer. Marshall is the co-founder and former CFO of Capital Bank Financial, and he previously worked as chief restructuring officer and senior advisor to the CEO at GMAC.
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Gateway Mortgage hires new chief risk officer

Steven Patrick will oversee credit and risk management teams
Gateway Mortgage Group has named Steven Patrick its new chief risk officer, tasked with overseeing the Oklahoma-based lender's enterprise risk management, compliance and quantitative analytics.
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Former Accenture exec Michael Detwiler named Class Valuation CEO

Mortgage Cadence co-founder will take the helm following company rebrand
Class Valuation has named Michael Detwiler CEO, just one week after the Michigan-based appraisal management company announced that it was changing its name from Class Appraisal. With Detwiler in charge, Class will charge ahead with its rebrand to keep pace with tech advancements happening in the space.
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Wise Agent names Jason Frazier chief marketing officer

Responsible for modernizing email marketing and social content
Wise Agent hired Jason Frazier as its chief marketing officer, the company announced this week. Frazier, a known marketer in the mortgage industry, will be responsible for modernizing email marketing and social content for Wise Agent’s CRM system.
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Sabal announces new president and COO

Pendergist held executive titles at JPMorgan Chase, Banc of California and more
Sabal Capital Partners, a financial services firm specializing in commercial real estate, lending and investing, announced Monday that it appointed Jason Pendergist as president and chief operating officer of term lending.
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AAG hires new senior VP of operations

Joe Stephenson will oversee all sales channels
American Advisors Group has named Joe Stephenson senior vice president of operations. As such, he will oversee operations for all of AAG's sales channels, including its call center, national field sales division and wholesale division. The hire comes not long after the leading reverse mortgage lender launched a massive rebrand that involved an expansion of the company's offerings in an effort to help seniors "retire better."
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