First Guaranty Mortgage Corp. (FGMC) has named Doug Harris its senior vice president, Risk Management and Ken Jones its senior vice president, Mortgage Banking and Warehouse Lending. FGMC is a full-service mortgage lending firm offering retail, correspondent, warehouse and wholesale mortgage solutions nationwide.
As SVP, Risk Management, Harris will oversee the entire FGMC enterprise risk program across all lending platforms and departments. Prior to joining FGMC, he was the chief operating officer at Residential Finance Corporation. During his tenure there, Harris built a best in class retail lending operations platform supporting a 1,000 percent growth in four years. Prior to RFC, Harris was the senior managing partner and chief credit officer at Novellus Capital Management, a boutique investment management firm focused on residential mortgage assets. For the bulk of Harris’ career, he held senior management positions with US Bank, the nation’s sixth largest bank. At U.S. Bank, he had operations management responsibilities for its retail, wholesale and correspondent channels and most recently was responsible for full leadership and P&L for two of the bank’s divisions – correspondent lending and capital markets. During his time at U.S. Bank, Harris played an integral part in helping the bank grow its assets from $14B to $170B. He is a certified Six Sigma Lean Professional, a member of the Professional Risk Managers International Association and a member of the MBA.
As SVP, Mortgage Banking and Warehouse Lending, Jones will oversee FGMC’s warehouse lending platform as well as its counter parties’ mortgage banking activities. Prior to First Guaranty, Jones was SVP of Atlantic Coast Bank’s warehouse lending and retail mortgage banking divisions. At Atlantic Coast he also managed the bank’s non-deposit investment products business and was a member of both the asset/liability and management operating committees. Jones has over 25 years of experience in consumer finance and mortgage lending. This includes executive management roles in sales, mortgage operations, underwriting, product development and consumer lending, Jones became an entrepreneur in 2001 by acquiring an independent mortgage business, rapidly growing it, and then successfully selling the company to Atlantic Coast Bank in 2008. Prior to owing his own company, Jones led national and regional branch office networks for Fortune 500 companies including Barnett Banks, Bank of America, and ITT Financial. He earned an MBA with a concentration in Finance and International Business from George Mason University. He is an active member of the Ponte Vedra Beach Rotary Club.
Andrew Peters, CEO of FGMC, said “Ken and Doug are tremendous additions to our executive leadership team. Both are smart, seasoned, and dynamic leaders who also have very unique and similar back grounds. Both have been owners or C-level executives at highly successful national non-bank lenders. Both have also started de novo platforms involving non bank counter parties inside a highly regulated banking environment. As a result, these individuals bring tremendous insight and perspective to FGMC and the future vision of our company.”