Industry veteran to take role as senior vice president of sales and business development
The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has welcomed mortgage banking expert Jennifer Schachterle (pictured) to its leadership team.
Schachterle brings over 25 years of experience to her new role as the bank’s senior vice president of sales and business development. According to a news release, she will lead FHLBank San Francisco’s sales, business development, and member recruitment teams across Arizona, California, and Nevada.
Tony Wong, chief banking officer of FHLBank San Francisco, commented: “We are delighted to welcome Jennifer to the team and know that in today’s complex financial market, her deep experience in managing both customer relationship and credit risk management teams will make an immediate difference across the Bank and for our members. Ever more important today are regional banks and community-based lending institutions that are at a critical inflection point in today’s financial environment.”
Wong added that Schachterle’s role as the senior liaison with FHLBank San Francisco’s member institutions “has never been more essential” as the bank continues to develop products, services, and tools to “support and preserve local community lending.”
Most recently, Schachterle served as sales director of warehouse lending at Arizona-based Western Alliance Bank. Before that, she held other leadership positions at Comerica Bank, PennyMac, Bank of America, Aurora Loan Services, and US Bank. She has also been a member of the California Mortgage Bankers Association board of directors since 2019.
Read next: Originator goes full circle with the family business
“I’m excited to join FHLBank San Francisco and the team that is fulfilling their mission to provide liquidity to members and support homeownership, fund development of affordable housing, and economically energize communities,” Schachterle said. “As a former member of FHLBank San Francisco, I’ve seen first-hand their impact across so many touchpoints, and I’m inspired by the opportunity to partner with our member banks, credit unions, community development financial institutions, and insurance companies to deliver products, services, and grant programs that enhance the lives of millions of consumers.”
Want to keep up with the latest mortgage news? Get exclusive interviews, breaking news, and industry events in your inbox, and always be the first to know by subscribing to our FREE daily newsletter.
