LendingHome Appoints New CEO

LendingHome's Board of Directors appointed Michael Bourque (photoed right) as the company's CEO. He will be responsible for the day-to-day leadership of the company and will also join LendingHome's Board of Directors, according to a press release. 

Bourque is a financial veteran and served as LendingHome's chief operating officer and chief financial officer since joining the company in August 2018. He has nearly 20 years of executive experience and prior to joining LendingHome he served as the chief financial officer of publicly-traded mortgage servicer Ocwen Financial Corporation. He also served in leadership positions in finance, audit and financial planning roles for General Electric.

Matt Humphrey, LendingHome's co-founder, has stepped down from his role as CEO and will continue to serve on the Board of Directors. In addition, Richard Byrne, president of Benefit Street Partners, will join the Board of Directors, according to a press release.

"The Board and I are confident that Michael is the right person to build on this momentum," said Humphrey. "He is a seasoned leader with significant experience working with financial markets, operating efficiently at scale, and delivering value to investors. And importantly, he cares deeply about each member of our team."

"We have an exceptionally talented team at LendingHome that is focused on growing the business, continuing to innovate our products and channels in new and diverse ways, and unlocking future opportunities," said Bourque.