Lenders One Cooperative, a national alliance of independent mortgage bankers, recently announced that Brian Simon was appointed president of Lenders One. Simon will be responsible for the day-to-day operations and strategic execution of the cooperative.
Simon joins Lenders One with over 20 years of mortgage experience and has extensive C-level leadership experience at large independent mortgage banks, including chief operating officer of New Penn Financial (now known as NewRez), CEO of Caliber Funding LLC (acquired by Caliber Home Loans, Inc.) and chief operating officer of Freedom Mortgage, according to a press release. Simon most recently served as president of Thrivest Legal Funding, LLC, a full-service litigation funding company.
“Brian brings deep industry experience to Lenders One as a seasoned mortgage banker and entrepreneur,” Altisource CEO William B. Shepro, who also is a member of the board of directors of Lenders One, said in the release. “His vision and leadership in managing large mortgage organizations through economic cycles will help Lenders One leverage the power of its 230-plus lender members and solution providers to compete and win.”
“I am extremely excited to join Lenders One at this very important time for our industry,” Simon said. “With margins continuing to compress, now more than ever, Lenders One needs to help its members compete against larger and often better capitalized companies. I look forward to working with the Lenders One team and partnering with the Lenders One members and preferred providers to continue to develop and implement solutions that improve our members’ competitiveness and grow their earnings.”