Former WMC Mortgage CEO Amy Brandt Named COO of Prospect Mortgage

Prospect Mortgage LLC has named veteran mortgage finance professional Amy Brandt as chief operating officer where she will oversee all aspects of the company's operations, including information technology, operations, credit, capital markets, training, project management, analytics, post closing/funding and servicing. Brandt joined Prospect Mortgage in 2012 as president of correspondent lending and servicing, where she led an expansion of the company's national correspondent lending and loan servicing capabilities.  "Amy understands how to build a successful business and she will now play a critical role in guiding the growth of our operations platform," said Prospect Mortgage CEO Ron Bergum. "This new role will let her fully utilize her strengths as we continue to establish our position as an industry leader. It represents another step in the growth of our company and a significant expansion of the breadth and depth of the talent in our executive leadership Team." Prior to joining Prospect, Brandt led the growth and development of numerous financial services firms. She served as CEO of Vantium Capital Inc., which she formed in 2007 with Apollo LP. Her previous roles include CEO and president of WMC Mortgage, where she oversaw the growth of loan originations to more than $3 billion per month and led the organization through its eventual sale to GE Money. Prior to her promotion to CEO in 2003, she served as WMC's EVP of loan production.