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Alterra Home Loans has hired Alex Urmersbach and promoted Yvonne Yacono to bolster its finance department as the company continues on a steady growth path. Urmersbach has joined the team as chief financial officer (CFO), and Yacono will now serve as chief business officer.
Urmersbach will focus on executing financial strategies, planning and analysis, bringing more than a decade of experience to the role, which he will employ to continue driving Alterra’s mission to create wealth through homeownership.
“I joined Alterra because I believe in the leadership, culture and mission, all which has built an infrastructure that sets up for continued growth of the business,” Urmersbach said.
Previously, Urmersbach served as finance and strategy executive for Prospect Mortgage and Bank of America, as well as working for several financial institutions in South America and Europe.
Yacono previously served as Alterra’s director of finance, where she has improved department efficiency, added payroll and loan purchase processing and provided interim servicing management to the team. In her new role as chief business officer, Yacono will manage and develop the company’s accounting and finance operations, including payroll, servicing and process improvements throughout each department.
“That is how I live my life,” Yacono said. “I go after my dreams and give my very best to make those dreams happen and to build the people around me.”
Yacono has a diverse background in finance, having worked in banking, healthcare, hospitality, mortgage and in homebuilding, having worked for several of the country’s top 10 homebuilders.
“These two positions have Alterra in a great position to focus on the future,” said Alterra President and CEO Jason Madiedo. “Alex brings the skills we need to build a larger, more responsible and more sustainable business. And in her new role, Yvonne will ensure Alterra’s strength and continued hunger to serve our mission.”