Executives transition to new roles
Angel Oak Mortgage Solutions LLC has announced significant internal promotions, which are expected to position the company for continued growth in the non-qualified mortgage (non-QM) sector, according to a news release.
Effective September 2, Tom Hutchens will transition from executive vice president of production to president. John Jeanmonod, previously the regional vice president of sales, will take over Hutchens’ former role. Additionally, Alysse Prosnick and Travis LaLonde have been promoted to executive vice president of operations and executive vice president of credit, respectively.
Mike Fierman, managing partner and co-CEO of Angel Oak Companies, lauded these promotions as a recognition of the talent within the organization and a strategic move to support the firm’s expansion plans. “These organizational changes are a testament to the in-house talent at Angel Oak and the commitment of these four individuals in driving our broader success,” Fierman said. “These moves not only recognize the well-deserved achievements and contributions of these executives but also position us to thrive as we continue to expand our non-QM solutions and partner network.”
Hutchens, who has been with Angel Oak for over a decade, will now lead the company’s overall strategy and growth initiatives. “It’s an honor to step into this new role at the firm and play a bigger part in driving all facets of Angel Oak Mortgage Solutions,” Hutchens commented. “I’m excited to dive into this next phase alongside our new EVPs to continue to serve our clients with the skill and expertise that make us leaders in the industry.”
Jeanmonod will now oversee the firm’s production team, focusing on new sales initiatives and expanding relationships with brokers and correspondents. Since joining Angel Oak in 2014, Jeanmonod has been instrumental in supporting the firm’s growth trajectory.
Prosnick, who has been with Angel Oak for over nine years, will enhance the company’s operations by improving efficiencies and scaling its capabilities. The company said her promotion to EVP of operations reflects her contributions to streamlining processes and strategic development, the news release noted.
LaLonde, who previously served as senior vice president of Dallas operations and has over six years of experience at Angel Oak, will now manage the company’s credit policies and risk management strategies.
Angel Oak Mortgage Solutions has originated over $19 billion in loans since its inception. The company focuses on niche solutions, such as non-QM loans and second-lien products like bank statement HELOCs.
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