Former Keller Williams exec will succeed Todd Chamberlain, who will retire.
Truist Financial Corp. said Tuesday that it has promoted David Smith to head of Truist Mortgage.
David Smith
Smith, who had served as deputy head of mortgage since January, succeeds Todd Chamberlain, who will assist with the transition and then retire, effective July 31.
Smith will lead strategy and execution for all areas of mortgage including originations, fulfillment, nationwide direct channels, correspondent, warehouse lending, and servicing for more than 1.2 million clients, Truist said. In his new role, he will report to Truist Chief Retail and Small Business Banking Officer Dontá Wilson.
"David's experience and accomplishments as a leader in the mortgage industry position Truist to reimagine the future of Truist Mortgage for our clients," Wilson said. "As we mark David's installment as leader, I want to also express my gratitude for Todd Chamberlain's leadership to help make the American dream of homeownership come true for millions of clients — truly building better lives and communities."
Smith's experience includes leading the mortgage lending, insurance, and title businesses affiliated with Keller Williams, providing him with a unique view into the current, purchase-heavy real estate market, Truist said.
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Before Keller Williams, Smith served as president and CEO of CitiMortgage, a subsidiary of Citibank. His experience also includes successfully navigating key exposures for CitiMortgage during the financial downturn of 2008 and, before his role with CitiMortgage, serving as chief operating officer of retail banking and mortgage with Citibank.
He also has served in a variety of leadership roles in originations, servicing, and support functions, Truist said.
"I'm proud of our mortgage team and excited for our continued opportunity to provide a distinctive and successful homeownership experience for our clients," Smith said. "Together, we have an opportunity to combine the caring, human touch we've always delivered with an innovative, digital-first client experience to help even more clients bring their dreams into reality and achieve financial happiness."
Based in Charlotte, N.C., Truist Financial Corp.is a Top 10 U.S. commercial bank with total assets of $574 billion as of March 31.
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