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Eye on the Industry: Updates on New Hires, Acquisitions

 

Greg Ward

The Board of Directors of the Federal Home Loan Bank of San Francisco has promoted Greg Ward to EVP and Chief Risk Officer and promoted Arlene Coyle to SVP and Chief Audit Executive, the role most recently held by Ward.

Ward oversees the bank’s risk, compliance, and governance framework. He joined the Bank in November 2013 as VP, Internal Audit. He was promoted to Deputy Director in June 2016 and to Director in 2017. Ward has over 26 years of internal and external audit experience in the financial services industry. Before joining the bank, he worked with Ernst & Young LLP for 12 years in its Financial Services Advisory Practice. Prior to his tenure at Ernst & Young, Ward worked in the captive insurance industry in Bermuda and for Price Waterhouse in the United Kingdom in its external audit practice. He received his B.S. from Brunel University London and is a Chartered Accountant and Certified Internal Auditor.

“Greg’s skill set, his knowledge of the Bank and the regulatory environment, his collaborative style, and his adept ability to build strategic partnerships make him an exceptional fit for this important role,” said Greg Seibly, FHLBank San Francisco President and CEO. “Greg’s drive to engage others across the organization, his commitment to accountability, and his forthright leadership style will successfully lead the risk team as they work with other teams across the bank.”

 

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Rushmore Loan Management Services LLC recently announced that it has closed on its acquisition of the Florida-based correspondent platform from FirstBank. The platform has been rebranded as Rushmore Correspondent Lending Services, a division of Rushmore Loan Management Services LLC.

Rushmore also announced today that it has hired Patrick Reese as EVP, Capital Markets. He will lead Rushmore’s capital markets team, including the correspondent lending business. Reese joins from Franklin American and has 25 years of residential mortgage experience, including 20 years in capital markets and 18 years in correspondent lending.

“We are very excited about completing this transaction and launching a correspondent lending channel as part of our growing platform,” said Terry Smith, CEO of Rushmore. “By adding this highly complementary business, we expect to be able to take advantage of opportunities to grow the correspondent lending channel and our existing servicing and loan management businesses.”

 

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First American Financial Corporation, a global provider of title insurance, settlement services, and risk solutions for real estate transactions, announced the launch of the First American Innovation Center, an online information resource designed to provide a glimpse into the initiatives and people driving innovation within the company.

The Innovation Center will feature thoughtful posts from First American experts examining the market forces and technology reshaping the process of buying and selling property in the United States.

“The real estate and mortgage finance industries are undergoing dramatic changes as technology and consumer demand for an enhanced experience create opportunities for innovation,” said Dennis Gilmore, CEO at First American Financial Corporation. “First American and our people are at the forefront of these changes, driving innovation to improve the customer experience, enhance security and accelerate the real estate transaction process.”

About Author: Mike Albanese

Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville.
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