Veteran to spearhead expansion of home lending services
City National Bank has announced that Rick Bechtel (pictured) has been appointed executive vice president and head of mortgage and residential lending.
Based in Los Angeles, Bechtel brings over 30 years of experience in the home lending industry to his new role. He will report to David Cameron, executive vice president and head of consumer banking at City National.
Bechtel will be “responsible for building and executing a comprehensive mortgage strategy for the bank, leading its residential lending sales, operations, capital markets and servicing teams,” according to the announcement.
The veteran mortgage executive joined City National from an extensive career that included leadership roles at mortgage banking companies, including TD Bank, CIBC U.S., Wells Fargo, and Chase. Most recently, he served as president of mortgage at Compass.
“At City National Bank, we know what an important role homeownership plays in building generational wealth,” Cameron said. “With Rick’s leadership we have an opportunity to further strengthen and expand our mortgage and home equity capabilities and ultimately better serve the home lending needs of our clients and communities.”
“The City National Ladder Up Home Loan Grant is a prime example of the sort of innovative thinking that attracted me to the bank,” said Bechtel. “I have built my career around helping more people achieve the dream of homeownership – it’s extremely rewarding work. I am excited by the opportunity to lead City National’s effort to expand their home lending capabilities to assist our clients, colleagues and communities in achieving their financial goals.”
City National, a Royal Bank of Canada subsidiary, operates 64 branches across Southern California, the San Francisco Bay Area, Nevada, New York, Nashville, Atlanta, Washington D.C., and Miami.
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