Change Lending, a lender focused on providing underserved communities and underbanked borrowers with mortgages, small business loans, and other specialized loans, named Madison Simm its chief executive officer.
Simm currently serves as Change Lending’s chief financial officer, a role to which he was appointed in June 2024, and will continue in that position “while assuming leadership of the company’s strategic vision and operational growth.”
With more than a quarter century of leadership experience in the financial services industry, Simm brings to the table his expertise in mortgage lending, capital markets, and financial management.
Prior to joining Change Lending nearly a year ago, he served as president of the Real Estate Division at Texas Capital Bank, a $30 billion regional bank, and as CFO at Pacific Union Financial, a top-20 mortgage originator and servicer specializing in GNMA assets. His background also includes senior leadership roles at Wells Fargo and Lehman Brothers.
“Madison is a proven leader with a deep understanding of the mortgage industry and a strong commitment to our mission,” said Steven Sugarman, founder of The Change Company, the parent of Change Lending. Added Sugarman, “I am confident that under his leadership, Change Lending will continue to grow and expand its impact.”
In his dual role as CEO and CFO, Simm is tasked with strengthening the company’s financial performance, expanding its suite of mortgage products, and deepening its commitment to "making homeownership accessible for all."
“I am honored to take on the role of CEO at Change Lending,” Simm said in a release. “I look forward to leading our team and continuing to contribute to the company’s growth and success.”
