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MortgagePoint ยป Your Trusted Source for Mortgage Banking and Servicing News 14 January 2024 M O V E R S & S H A K E R S Lenders/Servicers MR. COOPER TAPS MIKE WEINBACH AS NEW PRESIDENT Mortgage loan servicer Mr. Cooper Group Inc. has announced the appointment of Mike Weinbach as new company President, effective February 1, 2024, leading the company's operations, including origina- tions, servicing, and technology. With more than 25 years' experi- ence in the financial services industry, Weinbach has a track record of senior leadership roles across consumer and mortgage banking. "I am delighted to welcome Mike to Mr. Cooper Group. His extensive background in consumer lending and financial services as well as his people-first approach will be a great fit for our team as he helps lead the company forward on the next phase of our journey," said Jay Bray, Chair and CEO of Mr. Cooper Group. Most recently, Weinbach served as CEO of Consumer Lending for Wells Fargo, and as a member of the firm's Operating Committee, responsible for leading more than 40,000 team members focused on home lending, auto lending, credit cards, merchant services, student lending and personal lending. Previ- ously, he served as CEO of Chase Home Lending at JP Morgan Chase, where he also held leadership roles in consumer banking, business banking, mortgage servicing and auto finance, with over- sight of sales, finance, and operations. "I have long admired Mr. Cooper's impressive record of growth and profit- ability as well as their commitment to the customer experience, and I am thrilled to hit the ground running with this fantastic team," Weinbach said. Chris Marshall, who currently serves as Vice Chair and President, will remain with Mr. Cooper Group to assist with the transition and oversee fundraising for the company's MSR fund. Marshall is set to retire at the end of 2024. DANYA SAWYER STEPS DOWN AS ALTISOURCE ASSET MANAGEMENT INTERIM CEO Altisource Asset Management Corporation (AAMC) has announced the resignation of Danya Sawyer, COO of Alternative Lending Group, the compa- ny's principal operating subsidiary. Sawyer, whose departure was effective December 1, 2023, also served as AAMC's Interim CEO during the recent restruc- turing of the company's loan business. "We appreciate Danya's excellent service and contributions to the Compa- ny," Altisource Chairman of the Board Ricardo Byrd said. "We wish her well in her future endeavors." AAMC acquires, originates, and manages mortgage loans, mort- gage-backed securities (MBS) and equity investments in underserved markets. AAMC works to employ capital light operating strategies that have histori- cally been implemented across a variety of industry sectors ranging from REIT management and title insurance and reinsurance to private loan acquisition, origination, and disposition. In late summer 2023, Sawyer re- placed previous Altisource CEO Jason A. Kopcak after Kopcak announced his resignation. As COO of Altisource's Alternative Lending Group, Sawyer helped build and oversee operations across all product lines to support the Alternative Lending Group's growing market share. She led Movers & Shakers the company in helping real estate inves- tors and developers by providing a more modern, equitable, and helpful path to capital than traditional lenders. Prior to joining Altisource, Sawyer served as SVP, Client Solutions at Consolidated Analytics, overseeing originator assessments and enterprisewide due diligence on behalf of institutional investors offering warehouse financing solutions, whole loan acquisitions, and securitization options within agency, nonagency, non-QM, and business purpose lending. Sawyer also spent time at Countrywide, initially operating in various pricing and operational roles before developing a de novo broker to banker channel. After growing that channel to a run rate of more than $1 billion in monthly production, she was promoted to various senior management positions at Countrywide/Bank of America. In 2014, Sawyer was named one of the industry's top mortgage professionals under the age of 35 by the MReport, and she earned her degree in international economics from UC Berkeley, where she was selected as an NCAA Academic All-American. PLANET HOME LENDING ADDS NEW VP, CONSTRUCTION LOAN MANAGER Planet Home Lending LLC has enhanced its construction lending program by appointing Melony Harpe as VP, Construction Sales Manager. With more than 20 years of construction lending experience, Harpe's strategic approach will empower Planet's Mortgage Loan Officers and branches to increase their construction loan volume in 2024. "We're excited to welcome Melony to the Planet Home Lending team," Planet Home Lending's President of Mortgage Lending John Bosley said. "Her exten- sive experience in construction lending aligns perfectly with our commitment to