People Movers

Robert Broeksmit officially takes over as MBA CEO

Former CEO David Stevens to stay on 40 days to ease transition
The Mortgage Bankers Association is now under new leadership. Robert Broeksmit is now officially the MBA’s president and CEO, telling MBA members this week that he is now formally in place at the trade group.
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Pro Teck Valuation Services acquires Direct Valuation Services

Pro Teck to leverage synergies with DVS to expand offerings and client base
The trend of consolidation among appraisal management companies is about to continue, as Pro Teck Valuation Services announced this week that it bought cloud-based valuation fulfillment platform and appraisal management company Direct Valuation Solutions.
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Mr. Cooper expands its executive team

Kelly Ann Doherty promoted to chief communications officer
Mr. Cooper recently announced that Kelly Ann Doherty has joined its executive team as its chief communications officer. Mr. Cooper CEO Jay Bray said Doherty has been essential in evolving Mr. Cooper’s media outreach and social media channels.
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Waterstone Mortgage opens new branch in Illinois

Joe Amato and Joe Spisak will lead the team
As housing affordability continues to plague the industry, some companies are either downsizing or closing their doors, but not Waterstone Mortgage. It's expanding its reach, announcing the opening of a new branch in Libertyville, Illinois.
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Clear Capital appoints Sheila Ryan chief people officer

Company also added 116 new employees this year
Clear Capital, a national fintech company and two-time HousingWire Tech100 award winner, recently announced it appointed Sheila Ryan to the position of chief people officer. The company also announced the addition of 116 new employees this year as part of its expansion efforts.
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U.S. Bank to promote Jodi Richard to vice chairman

Richard will oversee risk management and compliance efforts
U.S. Bank recently announced it will promote Jodi Richard to vice chairman and chief risk officer, following current Vice Chairman Bill Parker’s plans to retire in the upcoming months. Richard is expected to transition into the new position by early October.
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Former First Guaranty general counsel Michael McElroy joins Mayer Brown

McElroy will be based at firm’s Washington D.C. office
Mayer Brown announced it has named finance attorney Michael McElroy as a partner resident in its Washington, D.C. office. McElroy, who joins the firm after serving as the general counsel and secretary for First Guaranty Mortgage, will focus his practice on a range of matters related to the mortgage banking and consumer finance industries.
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