Lenders One Cooperative has appointed Brian Simon president of Lenders One, the company announced.
The company said Simon will be responsible for the day-to-day operations and strategic execution of the cooperative.
“Brian brings deep industry experience to Lenders One as a seasoned mortgage banker and entrepreneur,” Altisource CEO William Shepro, a member of Lenders One board, said in a release. “His vision and leadership in managing large mortgage organizations through economic cycles will help Lenders One leverage the power of its 230+ lender members and solution providers to compete and win.”
Simon has more than 20 years of mortgage experience and has extensive C-level leadership experience at large independent mortgage banks, including as chief operating officer (COO) of New Penn Financial, CEO of Caliber Funding LLC and COO of Freedom Mortgage. He most recently served as president of Thrivest Legal Funding, LLC.
“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,” Simon added.