Citizens Financial Group Inc. (CFG) has announced the appointment of Cheryl Nolda as president of its Home Lending Solutions business. She will oversee the residential mortgage and home equity businesses. Nolda has 27 years experience in the financial services industry. Most recently, she spent 12 years at SunTrust Mortgage Inc. where she led marketing and business development for its mortgage and consumer lending businesses. During her tenure at SunTrust Mortgage, the company grew from 26th to the sixth-largest residential lender in the country.
“We are excited to have Cheryl join our growing mortgage team,” said Brad Conner, CFG’s vice chairman in charge of consumer finance. “She is an industry leader who brings a wealth of experience to our organization and the customers we serve. Her leadership and depth of knowledge will serve our customers and organization well as we continue to expand this important business.”
Prior to SunTrust Mortgage, Nolda was a senior vice president in marketing and strategic services at Banc One Mortgage Corporation. She has also held senior management positions at GE Capital Mortgage Insurance Company, the Prudential Home Mortgage Company and Citcorp Mortgage Inc.
Nolda, who is based in Richmond, Va., is a member of CFG’s executive leadership group. She reports to Conner. CFG continues to expand its mortgage business in order to meet demand. The bank plans to hire 400 loan officers by 2013, and has already hired 100 in the past year. In 2009, CFG increased its mortgage lending volume by 167 percent over the year prior. CFG continues to see robust lending volume based on strong refinancing activity and is the 18th-largest retail mortgage lender in the nation.
For more information, visit www.citizensbank.com.