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American Pacific Mortgage CEO To Step Down

Oct 20, 2025
American Pacific Mortgage (APM) has announced that Chairman and former President and Chief Executive Officer Bill Lowman will retire later this month

After 20-plus years, Bill Lowman has announced his retirement, to be replaced by current APM President Dustin Sheppard

American Pacific Mortgage (APM) has announced that Chairman and former President and Chief Executive Officer Bill Lowman will retire later this month.

“Words cannot express how impactful Bill’s leadership, guidance, and commitment have been to this company for more than 20 years,” said Ned Payant, current CEO of APM. “He has been instrumental in shaping APM’s foundation and long-term success. Along with everyone in the APM family, I am deeply grateful for his vision and tenacity over the years.”

Lowman will remain on APM’s Board of Directors, continuing to provide insight and guidance to the company he helped build.

As part of this transition, Payant will move into the role of chairman of the board, continuing his long-standing leadership and oversight of APM’s strategic direction.

Stepping into the role of APM’s new CEO is Dustin Sheppard, who has already proved to be a dynamic and respected leader within APM. Over the past several years as president, Sheppard has been instrumental in driving operational excellence, advancing strategic initiatives, and strengthening APM’s culture of ownership and collaboration.

“Dustin is an exceptional leader surrounded by an equally strong and experienced leadership team,” Payant said. “He embodies the core values of APM and has earned the trust and confidence of our employee-owners and partners alike. I have no doubt he will continue to lead this company forward with the same commitment to excellence and vision that have defined APM for more than 25 years.”

Founded in 1996, APM is a national, independently owned and operated retail mortgage lender based in Roseville, California. APM is 49% employee-owned through an employee stock ownership plan (ESOP), an ownership culture that fosters accountability, collaboration, and a shared commitment to customer success. Licensed in 49 states, APM employs more than 2,700 people and operates over 300 branches nationwide, many of which do business under their own DBA names.

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