Several changes in executive leadership have poised a leading wholesale and correspondent non-qualified mortgage (Non-QM) lender for continued growth into the future.
Angel Oak Mortgage Solutions, based in Atlanta, announced Wednesday that Executive Vice President of Production Tom Hutchens has been promoted to President, effective Sept. 2.
Hutchens’s role will be assumed by John Jeanmonod, formerly Angel Oak’s Regional Vice President of Sales. Additionally, Alysse Prosnick and Travis LaLonde have been promoted to Executive Vice President of Operations and Executive Vice President of Credit, respectively.
“These organizational changes are a testament to the in-house talent at Angel Oak and commitment of these four individuals in driving our broader success,” Managing Partner and Co-CEO of Angel Oak Companies Mike Fierman said. “These moves not only recognize the well-deserved achievements and contributions of these executives but also position us to thrive as we continue to expand our Non-QM solutions and partner network.”
Hutchens, who has been with the company for more than 10 years, will lead Angel Oak’s strategy and growth in his new role as President.
“It’s an honor to step into this new role at the firm and play a bigger part in driving all facets of Angel Oak Mortgage Solutions,” Hutchens said. “Over the past decade, I’ve had the pleasure of working with Angel Oak’s talented team to further the firm’s mission of pioneering innovative mortgage solutions for borrowers across the country. I’m excited to dive into this next phase alongside our new EVPs to continue to serve our clients with the skill and expertise that make us leaders in the industry.”
Also celebrating a 10-year tenure at Angel Oak, Jeanmonod will take on ownership of the firm’s production team, spearheading new sales initiatives and broadening broker and correspondent channel relationships, company officials said.
As EVP of Operations, Prosnick will oversee strategic development, streamlining efficiencies and scaling the firm’s capabilities.
LaLonde, who previously served as Senior Vice President of Angel Oak’s Dallas operations, will oversee the company’s credit policies as well as its risk management and lending practices.
Angel Oak is a leader in the Non-QM space, having originated over $19 billion in loans since its inception.
