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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 12 July 2025 world-class teams will further elevate the Newrez technology platform to continue to deliver exceptional value to employees, clients, and consumers. Felicia Grumet has been promoted to CFO, reflecting Newrez's continued investment in developing and recognizing internal talent. Since joining the firm in 2024, Felicia has held various leadership roles, most recently serving as CIO, where she led technological initiatives that enhanced the digital experience for customers and employees while supporting Newrez's cost leadership. She brings more than 25 years of financial experience, including roles at Bear Stearns and, most recently, Bank of America, where she built teams and businesses to drive growth and strong financial performance. Over the past five years, the Newrez platform has roughly quadrupled both its originations market share and the size of its portfolio, now serving over 3.7 million homeowners – these appoint- ments align with Newrez's platform investment strategy to deliver continued growth. "Our technology and human capital investments power our business and its future," said Baron Silverstein, President of Newrez. "We are thrilled to welcome Brian to Newrez and to recognize Felicia's leadership in her expanded role. Their combined expertise will be instrumental in driving the next stage of our platform's continued growth." Service Providers SMARTRENT WELCOMES NEW PRESIDENT AND CEO SmartRent Inc. has announced the appointment of Frank Martell as President and CEO. Martell has been a member of SmartRent's Board of Directors and served on the Board's Audit and Nominating and Corporate Gover- nance Committees since June 2024. As President and CEO, Martell will lead SmartRent's executive team in advancing the company's vision and expanding its market presence, with a clear focus on delivering measurable value for customers and shareholders by enhancing portfolio performance, operational efficiency and resident and team satisfaction. "SmartRent has built a strong founda- tion as a category leader in smart property technology, with purpose-built solu- tions, deep industry relationships and a dedicated team committed to solving real operational challenges," said Martell. With more than 30 years of executive leadership experience, Martell brings a proven track record of driving market leadership, delivering revenue growth and profitability, and consistently enhancing shareholder value. His ex- pertise in data-driven innovation and a digital-first approach will play a pivotal role in accelerating the adoption of SmartRent's enterprise platform and the company's evolution. Most recently, Martell was President and CEO of loanDepot Inc., where he developed and led the company's Vision 2025 strategic program to navigate the impacts of the recent downturn in the residential property market while retooling the company's operational capabilities for long-term value creation. Prior to loanDepot, Martell spent more than a decade at CoreLogic, serving as CFO, COO and ultimately CEO, transforming the company into a lead- ing global platform providing digital residential property data and analytics, and significantly increasing market capitalization during his tenure. "Frank possesses a rare combina- tion of strategic insight, operational discipline and innovative thinking—es- sential strengths as we work to increase platform adoption and scale our impact," said John Dorman, Chairman of the SmartRent Board of Directors. "Because he has been deeply involved as a Board member in our transition over the past year, I am confident that Frank will seamlessly move into the CEO role and lead from day one. He steps in at a critical time for SmartRent, our inves- tors and customers, and we're confident M O V E R S & S H A K E R S GRUMET "SmartRent has built a strong foundation as a category leader in smart property technology, with purpose-built solutions, deep industry relationships and a dedicated team committed to solving real operational challenges." —Frank Martell, President and CEO, SmartRent Inc.