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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 16 August 2024 M O V E R S & S H A K E R S Tom will lead the Bank's Finance Risk Management function, including data, operational, and financial exposures. Most recently, Tom served as U.S. Bank's SVP of Operations' Financial and Data Risks. Tom also held Finance Chief Risk Officer and Senior Risk Officer roles at U.S. Bank, having led its SOX (Sarbanes-Oxley) program for 14 years. Tom will report to Chief Financial Officer, Craig Gifford. "Driving progress, growth, and long- term stakeholder value requires a vision and the right leadership team to execute against that plan," Otting said. "Welcom- ing these new senior leaders, who possess specialized and unique skill sets, under- scores our commitment to excellence and the strategic transformation currently underway. Their collective wealth of experience will be instrumental in en- hancing our focus on exceptional service, operational efficiency, and positioning the company for sustainable growth." FORMER MR. COOPER CFO JOINS SAGENT Sagent has appointed bank and nonbank finance executive Jaime Gow as Chief Financial Officer. Previously, Gow served as CFO of mortgage servicer Mr. Cooper and as Head of Banking Finance at First Horizon Bank. Gow will work out of Sagent's largest U.S. tech hub in Dallas, Texas. "Jaime has led at companies ranging from de novo banks, to leading regional banks, to industry leaders such as Mr. Coo- per," Sagent CEO Geno Paluso said. "Jaime knows every detail that mortgage servicers need to win, and he'll make Sagent a stronger-than-ever strategic partner to our customers and prospects." As Sagent CFO, Gow will oversee finan- cial operations; lead strategic planning and dealmaking with customers; ensure long- term investment in Sagent's Dara, LoanServ, CARE, Tempo, LoanBoard, and DataScape platforms; and help accelerate Sagent's profitable market share growth in America's $14 trillion mortgage servicing sector. "Cost and operational efficiency are the keys to success in mortgage servicing, and no other software platform in today's market brings more efficiencies than Sagent," Gow said. "Sagent's new Dara platform can lower servicer operational costs across all mortgage servicing areas (like boarding, cash processing, escrows, call center, loss mitigation, and claims), and a big part of my job is to help our cus- tomers and prospects find and maximize these efficiencies in their own operations." Launched in February 2024, Dara by Sagent is a platform that powers the entire mortgage servicing ecosystem—Core, Consumer, Default, Loan Movement, Data, and AI—in a single root system. Dara by Sagent addresses the top five priorities for servicers: lower cost, real-time compliance, world-class consumer expe- rience, open-API ecosystem, and unified data/user experience. "Jaime's finance and accounting skills are second to none, as is his innate ability to just get things done," Sagent Executive Chairman Chris Marshall said. "Prior to his leadership role at Mr. Cooper, Jaime joined Capital Bank as chief accounting of- ficer during its early de novo stage, where they acquired and integrated eight banks, completed an IPO, and sold Capital Bank to First Horizon National Corporation for $2.2 billion. WELLS FARGO GROWS WITH TWO NEW TECH SPECIALISTS Wells Fargo & Company has announced that Bridget Engle has been named Senior EVP and Head of Technology, reporting to Wells Fargo CEO Charlie Scharf and joining the company's Operating Committee. Engle will be responsible for all technology across the company and brings more than 30 years of experience manag- ing large, global technology organizations in complex financial institutions. She joins Wells Fargo from BNY, where she served as SEVP and CIO from 2017 until earlier this year. Prior to her role at BNY, she served in several roles at Bank of America, including as CIO of Consumer Banking, as well as CIO of Global Banking and Markets, and in various roles at several other financial institutions earlier in her career. "Bridget is a proven technology leader with deep experience leading large-scale technology transformations across multiple global financial institutions," Scharf said. "We have made great progress under Tracy's leadership and Bridget's experience will be invaluable as we continue to modernize our platforms and invest in, scale, and increase innovation across the company." Wells Fargo also announced that Tracy Kerrins will serve as the Head of Consumer Technolo- gy and will lead a new Generative AI team, which will be responsible for driving the adoption of Generative AI across Wells Fargo, reporting to Engle. "Generative AI can help us transform our businesses, improve our customer and client experiences, and enhance the way we work," Scharf added. "Our new Generative AI team will work closely with our data and technology platform management teams, as well as each business, on identifying and delivering on the potential of Generative AI responsibly. We are fortunate to have someone with Tracy's background in our company who is ready to take on this new role and lead our Consumer Technology team." CENLAR WELCOMES NEW EVP/COO Ewing, New Jer- sey-based mortgage subservicer Cenlar FSB has announced that Leslie Peeler has been appointed EVP and COO. "With more than 20 years of experi- ence transforming organizational produc- tivity, efficiency, and profitability, Leslie is an exceptional leader who will help drive the long-term success of Cenlar," Cenlar President and CEO David Schneider said. "I am confident that her considerable talent and professional track record aligns with our priorities as she has successfully