Non-QM Wholesale Lenders Angel Oak Mortgage Solutions (AOMS) has promoted longtime production executive Tom Hutchens to president.
The Atlanta-based company, part of the Angel Oak family of mortgage entities, said John Jeanmonod, former regional vice president of sales at Angel Oak, will succeed Hutchins as executive vice president of production.
Additionally, Alysse Prosnick and Travis LaLonde have been promoted to executive vice president of operations and executive vice president of credit, respectively.
Promotion effective September 1st.
“These organizational changes are a testament to the talent within Angel Oak and the commitment of these four individuals to drive our broader success,” said Mike Fierman, managing partner and co-CEO of Angel Oak. “These moves not only recognize these high-level This is a well-deserved achievement and contribution that has enabled us to thrive as we continue to expand our network of non-quality management solutions and partners.”
Hutchens, who has served as Angel Oak’s executive vice president of manufacturing for more than 10 years, will lead AOMS’ overall strategy and growth.
Hutchins told HousingWire in an interview on Tuesday that the company is optimistic about its near- and long-term prospects.
“We had a very good second quarter and so far the third quarter has been very good,” Hutchins said, adding that overall activity and funding levels were very positive and could rise further if interest rates ease.
When asked about monthly production figures, Hutchins declined to answer. He emphasized that AOMS recently issued a bank statement on HELOC programs, which should lead to strong demand regardless of upcoming actions by the Fed.
“This gives originators a reason to offer products to their past borrowers,” he said, adding that for many of AOMS’s brokerage partners, this has become part of their repertoire.
As executive vice president of production, Jeanmonod will take over ownership of the company’s production team,
Lead new sales initiatives and strengthen Angel Oak’s brokers and correspondents
Pathway relationship.
Prosnik, who has more than nine years of experience with the company, will be responsible for driving efficiencies and expanding the company’s capabilities to drive growth.
LaLonde, who previously served as senior vice president of Dallas operations, will
Oversee the company’s credit policies and risk management and lending practices.
