He will also take on the role of EVP of alternative credit products
Impac Mortgage has announced the appointment of Obi Nwokorie as chief investment officer and executive vice president of alternative credit products, effective June 01.
Nwokorie comes to Impac from Seer Capital Management, where he most recently served as managing director of mortgage trading. During his stint at Seer Capital, he was responsible for bulk whole loan acquisitions and securitization of non-QM, NPL, and fix and flip loans. Nwokorie has also held various roles at Credit Suisse USA and UBS Securities.
Commenting on his new position, Nwokorie said that he’s “very excited to be joining the talented team at Impac as they look to regain their position as one of the dominant players in alternative credit mortgages. I look forward to contributing my part to achieving those goals.”
“The addition of seasoned capital markets expertise signals the company’s renewed commitment, post-COVID dislocation, to the design, origination, and distribution of alternative credit products,” said Impac Mortgage CEO George Mangiaracina. “Obi delivers a level of sophistication and precision to the disciplines necessary to price and manage risk across our expanding product offerings and origination channels. The company intends to re-engage in securitization and asset management activities and welcomes Obi as a leader to drive these initiatives.”
