Former Countrywide Exec R.J. Arnett to Lead ICON's Wholesale Division

ICON Residential Lenders has announced that R.J. Arnett will join the company in the newly-created position of executive vice president of wholesale lending, overseeing the national sales force of ICON's nationwide network of mortgage brokers. “R.J. is a seasoned mortgage professional who has a track record of growing sales and motivating employees,” said Andrew Pollock, chief executive officer of ICON. “We’re pleased to welcome him to our management team.” Arnett, was most recently EVP of CS Financial, a California-based independent residential and commercial retail mortgage banking firm. He previously was a managing director at MortgageIT, a Deutsche Bank subsidiary, and also worked at Countywide Financial for many years in various positions, including division executive vice president. “I am excited to join ICON, which has a reputation for making high-quality loans to borrowers with excellent credit,” said Arnett. “I believe there is a lot of opportunity for ICON to expand its national footprint in today’s improving housing market and low interest rate environment.” It was recently announced that Rushmore Loan Management Services has signed an agreement to acquire ICON from Grand Bank NA. The transaction is expected to close in the fourth quarter of 2012 or the first quarter of 2013.