Notable mortgage industry hires and promotions, March 20-24

Guild Mortgage announced that Terry Schmidt, the company’s current president, will succeed the outgoing Mary Ann McGarry as CEO. David Neylan, who joined Guild in 2007 and now serves as executive vice president and chief operating officer, will replace Schmidt as president and continue as Guild’s COO. McGarry, who will continue serving on the company’s board of directors, will retire effective June 30.

The Mortgage Industry Standards Maintenance Organization (MISMO) named David Coleman as its new president. He will join the company on April 3. Coleman has more than 25 years of mortgage industry experience as an IT executive, management consultant and senior business leader. Before becoming an independent industry consultant in recent years, Coleman served in leadership roles at KPMG, Newbold Advisors, the Summit Point Group and Fannie Mae. He also previously served as a governance board member for MISMO.

Deephaven Mortgage added Patrick Creek as Western regional vice president of wholesale sales. Based in Dallas, Creek has more than 15 years of industry experience, including previous roles as regional vice president of sales with Arc Home LLC and as vice president of wholesale nondelegated sales with First Guaranty Mortgage Corp. At Deephaven, he will be responsible for working with brokers within and west of Texas to grow their non-QM revenues.

Arc Home announced the appointment of Shea Pallante as chief production officer. In his new role, Pallante will be responsible for leading national production for Arc Home’s third-party originator (TPO) origination channels and will contribute to the company’s business and marketing strategies.

Birchwood Credit Services announced a trio of leadership changes with the appointments of Sam Markwood to chief operating officer, Scott Cooper to chief revenue officer, and Jen Lord to senior vice president over process, workflow and product. With more than 17 years of industry experience, Markwood joins from Certified Credit, where she was most recently vice president of client success. She has also held various positions in customer service and operations management with CBC (now Factual Data). She will be responsible for managing and directing the logistics, workflows and operations of Birchwood’s production team, as well as overseeing the sales and marketing departments within the company. Cooper has been with Birchwood for 11 years and has held various positions in the company ranging from sales and client support to business development. In his new role, he will be responsible for executing Birchwood’s corporate strategic plans by developing and expanding into customer segments and partnerships; managing all company revenue and budgetary requirements; and assessing client needs in the market and incorporating these into new product development initiatives. Lord joined Birchwood in 2001 and has held various positions, most recently as vice president of systems and compliance. In her new role, she will be responsible for managing and developing Birchwood’s product road map, building relationships with customers and partners, and directly overseeing the operations, customer service and compliance teams.

Mortgage operating platform BSI Financial Services announced that Harold Lewis was hired as president and COO. Prior to joining BSI Financial, Lewis served as president and COO of Mr. Cooper. Before that, he held several C-suite and senior executive positions, including COO at CitiMortgage, COO of residential real estate at Fannie Mae, president of NationsCredit for Bank of America/Barnett Bank, and COO of Resource Bancshares Mortgage Group. Most recently, he also served as a senior advisor at McKinsey & Co. In addition, Lewis currently serves on the board of directors at Upbound (dba Rent-A-Center and Acima) and on its audit and compensation committees.


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