People Movers

BMO Harris getting rid of their face-to-face loan officers

Citing customer preference, the bank will put its weight behind centralized call center
BMO Harris Bank is getting rid of most of its customer-facing mortgage loan officers. According to a report from Milwaukee Journal Sentinel’s Paul Gores, the Chicago-based bank is going to put its energy behind its centralized mortgage call center and minimize its face-to-face LO presence in response to changing customer behavior.
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Cryptocurrency exchange Coinbase nabs top Fannie Mae exec Brian Brooks

Fannie Mae general counsel leaving after 4 years
Once rumored to be on the Trump administration’s shortlist to lead the CFPB, top Fannie Mae executive Brian Brooks is set to leave the federal government behind for the cryptocurrency industry. Brooks, who has served as Fannie Mae’s executive vice president, general counsel, and corporate secretary for almost four years, is stepping down from that position Friday to become the chief legal officer of Coinbase, one of the world’s largest digital currency exchanges.
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Fannie Mae adds former BBVA Compass chairman and CEO to its board of directors

Manuel “Manolo” Sánchez Rodríguez joins GSE’s board
Fannie Mae is adding the former chairman and CEO of BBVA Compass, Manuel “Manolo” Sánchez Rodríguez, to its board of directors, the government-sponsored enterprise announced Monday. Sánchez served as president and CEO of BBVA Compass, a U.S. subsidiary of Banco Bilbao Vizcaya Argentaria, from December 2008 to January 2017.
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Dominion Due Diligence Group hired Jenn Krieher as housing preservation manager

Firm hired former HUD employee to run its housing preservation operations
Dominion Due Diligence Group hired Jenn Krieher as housing preservation manager. In her new role, she will provide technical assistance for Rental Assistance Demonstration and Special Applications Center Section 18 programs as well as overseeing portfolio-wide reviews for the firm’s public housing authority clients.
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Deasy Penner to buy out Podley Properties

M&A activity continues to ramp up in the real estate industry as firms consolidate to compete
Luxury real estate brokerage Deasy Penner will acquire Podley Properties to expand its presence in Southern California. The deal will create a sales force 300 strong spanning Southern California with an estimated annual sales volume of roughly $1.6 billion.
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National MI preparing to promote Claudia Merkle to CEO

Will replace Bradley Shuster, who is shifting to executive chairman
For the first time since its founding in 2012, National MI will soon be under the leadership of someone other than Bradley Shuster. Shuster, who has served as CEO and chairman of the board since founding the company in 2012, will soon be stepping down as CEO and transitioning to executive chairman. Replacing Shuster will be Claudia Merkle, who the company promoted to president just a few months ago.
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Property management platform BuildingLink taps Zachary Kestenbaum to replace father as CEO

Jerry Kestenbaum will focus on smart home efforts
It’s a true family affair for property management platform BuildingLink, as the company announced this week that the company’s executive vice president of sales, Zachary Kestenbaum, is being elevated to CEO. Kestenbaum replaces his father, Jerry Kestenbaum, who founded the company 19 years ago and has led it ever since.
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Shakeup at Caliber Home Loans: COO of Production Phil Shoemaker departs

Jordan Licht, who joined from Morgan Stanley, is taking over
There are some changes afoot amongst the executive ranks at Caliber Home Loans as the nonbank lender works to continue its growth. Chief among those changes is the departure of Phil Shoemaker, executive vice president and chief operating officer of production. Sources close to the situation told HousingWire that Shoemaker is leaving Caliber to take the no. 2 spot at Home Point Financial. But that's not all that's happening at Caliber.
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