The Carrington Companies has announced that chief investment officer Andrew Taffet has assumed the additional role of CEO, succeeding company founder Bruce Rose. Rose will assume the role of chairman of the executive committee.
The Money Store has announced that John Abraham and his team have joined the mortgage lending firm. In his new role as vice president, producing branch manager based in Illinois, Abraham will serve as a sales leader and mortgage originator. Prior to joining The Money Store, Abraham was a producing manager at Caliber Home Loans. Before joining Caliber, he was a vice president and producing manager for nearly 13 years at National City Mortgage.
PennyMac has announced the promotions of Jim Follette to chief digital officer and Mike Hogan to chief information officer. Follette will be responsible for developing a roadmap for the expansion of PFSI’s proprietary servicing platform, Servicing Systems Environment (SSE). He has over 20 years of expertise in the mortgage industry, including the last 12 with Pennymac. Prior to his new role, he was named senior managing director and chief mortgage operations officer in 2022. Before that time, he was Pennymac’s senior managing director and chief mortgage fulfillment officer. Hogan joined Pennymac in 2020, bringing with him more than three decades of mortgage and technology experience. Prior to his promotion, he was Pennymac’s managing director of capital markets technology.
Silverton Mortgage has announced that Manik Chhabra has been promoted to the position of vice president of sales. His responsibilities include establishing sales objectives, guiding the sales team, overseeing daily sales operations, engaging with key clients and crafting sales and marketing strategies to promote the company’s services. Chhabra has more than 20 years of experience in the mortgage industry. He earned MBAs in both finance and information systems from Pace University.
Greystone has announced that Debby Jenkins and Mordecai Rosenberg have been appointed co-presidents of the firm’s comprehensive lending business platform, effective immediately. Together, Jenkins and Rosenberg will seek to elevate, expand, and innovate across a variety of lending disciplines, including the firm’s Agency debt, HUD-insured lending, CMBS, equity, structured finance, proprietary products, debt placement and advisory services, and loan servicing platforms.
