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Sprout Mortgage named Laura C. LaRaia as the company's executive vice president, general counsel and chief compliance officer. In her new role, LaRaia will oversee all legal and regulatory compliance functions, as well as serve as the firm's general counsel.
"We welcome Laura to the Sprout leadership team to continue our strong growth trajectory and reinforce Sprout's position as the go-to source for non-QM residential lending nationwide," said Michael Strauss, CEO of Sprout Mortgage.
LaRaia has more than two decades of in-house and law firm mortgage banking industry. Prior to Sprout, she served as chief legal officer and general counsel at First Guaranty Mortgage Corporation. Previously, she was chief compliance officer/deputy general counsel at Supreme Lending. LaRaia is a member of the Mortgage Bankers Association Legal Issues & Regulatory Compliance Committee and of the MBA State and Legislative Regulations Committee.
"I have led mortgage companies through all the major regulatory changes of the last two decades and I am eager to provide the same guidance to the Sprout team as the non-QM mortgage sector continues to evolve," said LaRaia.