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Nationstar Elects Bray Chairman of the Board
Nationstar Mortgage LLC, one of the largest mortgage servicers
in the country with a servicing portfolio that exceeds $402 billion in
value and more than 2.5 million customers, has confirmed that Presi-
dent and CEO Jay Bray has been unanimously elected Chairman of
the Board for the company.
Bray has served on the board for Nationstar since 2012. He has
held a number of executive positions within the company since
joining in 2000, including Chief Financial Officer of Nationstar
Mortgage (May 2000 to September 2012), EVP and CFO (May
2011 to February 2012), Manager of Nationstar Mortgage (October
2011 to present), Director of Nationstar subsidiary Nationstar Capital
Corporation (March 2010 to present), CEO of Nationstar Mortgage
(October 2011 to present), and President (June 2015 to present).
Nationstar announced the retirement of Wes Edens, owner of the
NBA's Milwaukee Bucks and founder of Fortress Investment Group,
as the Nationstar's Chairman of the Board with the unanimous elec-
tion of Bray to the position.
"is transition promotes unified leadership between the man-
agement and board and is a testament to the board's confidence in
Jay and his highly regarded business and industry knowledge and
experience," Nationstar said in statement. "Wes Edens retired from
the board but will continue to be involved in the business as Co-
Chairman of Fortress, our largest shareholder. We are grateful for
Wes' time on the board and appreciate Fortress' continued commit-
ment to our success."
Before joining Nationstar, Bray worked as an audit manager for
Arther Andersen in Atlanta in the early 1990s. He has also held a va-
riety of leadership roles for Bank of America, including managing the
Asset-Backed Securitization process for mortgage-related products
and developing and implementing a secondary execution strategy and
profitability plan and managed investment banking relationships,
secondary marketing operations and investor relations.
