NMI Holdings Inc. said that effective Jan. 1, Jay Sherwood will be promoted to president of NMI Holdings Inc. and its subsidiary company, National Mortgage Insurance Corp.
Glenn Farrell, a 33-year veteran of accounting and consulting firm KPMG LLP, has been named the new chief financial officer.
Current President Bradley Shuster will remain the chief executive officer of National MI and chairman of the board of NMI Holdings.
Sherwood has over 20 years of experience in finance, securities and investments.
A co-founder of National MI, he has held the positions of executive vice president and CFO of National MI since the company’s inception.
Farrell joins National MI after serving in several leadership positions during his nearly 35-year tenure at KPMG, which included audit practice leader and partner-in-charge of the company’s Northern California business unit.
W.J. Bradley Mortgage Capital LLC hired Michelle Velez as sales manager of its San Mateo retail branch location.
She currently serves as state president of the California Association of Mortgage Professionals.
Prior to joining W.J. Bradley, Velez held the position of sales manager with Prospect Mortgage for nearly two years.
DISTRICT OF COLUMBIA
The Mortgage Bankers Association promoted Rick Hill, a staff member in the research and industry technology group, to the position of vice president of industry technology.
Hill joined MBA in 2010 and is responsible for providing leadership to MBA and its membership relating to operational and technology topics faced by the industry, including through the Mortgage Industry Standards Maintenance Organization, which he oversees.
Prior to joining MBA, he was the director of data strategy at Fannie Mae where he was responsible for data standards and best practices, data management including the company’s data warehouse, and managing the relationship with regulatory agencies relating to information requirements.
The Mortgage Bankers Association also promoted Joel Kan to associate vice president of industry surveys and forecasts.
Having joined MBA in 2006, Kan is responsible for managing the production of MBA’s macroeconomic and housing market forecasts.
Guaranteed Rate has named Cliff Theriault as regional manager, based in the company’s Schaumburg, Ill. office.
Prior to joining Guaranteed Rate, Theriault was Great Lakes and Northeast regional manager of consumer services at CMG Financial, and he also previously served as executive vice president and national production manager at American Portfolio Mortgage.
He has also served as the president of his own mortgage consulting firm, CJT Consulting, and is a former president of the Illinois Mortgage Bankers Association.
John Mondoro has joined Mortgage Network Inc. as a sales manager.
He will be responsible for managing sales and serving borrowers and homeowners throughout the New Jersey area.
Mondoro brings to Mortgage Network 18 years of mortgage banking experience in the New Jersey area, and most recently he served as a loan originator for Wells Fargo Home Mortgage in Flemingtown.
Valuation Link, an appraisal management company providing residential and commercial appraisals and valuation products nationwide, promoted Robert Stackhouse to chief executive officer.
Prior to his promotion, he was the chief operating officer for Valuation Link.
Stackhouse has over 20 years of experience in the real estate industry.
Cantor Fitzgerald has expanded its whole loan sales and trading team with the appointment of Gary Wang and Karl Partch as managing directors.
Wang previously served as senior vice president of loan trading at Wunderlich Securities, where he managed the whole loan trading desk.
Prior to this, he oversaw the conforming conduit trading desk at WaMu Capital Corp.
Earlier, he held a senior position at Countrywide Securities Corp., where he traded CRA and whole loans.
Partch served as senior vice president of loan trading at Wunderlich Securities.
In addition, he has held a number of senior trading positions at Countrywide Capital Markets and Bank of America Merrill Lynch, where he bought and sold custom whole loan and mortgage-backed securities portfolios and managed fixed-rate and adjustable-rate mortgages.
Radian Group Inc. said that its Executive Vice President and Chief Financial Officer C. Robert Quint will retire from this position at the end of 2014 after nearly 25 years with Radian.
J. Franklin Hall will assume the role of executive vice president and chief financial officer of Radian on Jan 1.
In order to ensure a smooth transition, Quint will serve as executive vice president of finance through March 31, 2015, and then assume a consulting role through the end of 2015.
Over the course of more than two decades at Radian, Quint has been responsible for all financial functions.
He joined the company as controller and vice president of administration in 1990 and he subsequently played a major role in the company’s 1992 initial public offering.
In 1996, Quint was promoted to chief financial officer and, three years later, was named executive vice president.
Hall began his career with Ernst Young, and later served as a senior financial analyst for Firstar Bank.
He joined First Financial Bancorp in 1999, and assumed the role of chief financial officer in 2005.
Visionet Systems Inc., a provider of technology and business services to mortgage lenders and servicers, appointed Norman Gottschalk to the position of chief technology officer for its lender services division.
Gottschalk brings with him 25 years of experience in the mortgage industry.
He began his professional career in 1992 as VP application development at Fiserv (General American Corp.) where he spent nearly 15 years.
Gottschalk has also held senior management positions at Lenders First Choice, DJSP and Software AG.