LendingPoint, an Atlanta-based online loan origination and servicing platform, announced the appointment of Shawn Stone, a longtime financial services executive, as the company’s new Chief Executive Officer and member of the Board.
Stone is a financial services executive with over 25 years of expertise in online loan origination, loan servicing operations, credit, and capital markets. He dedicated more than 20 years to Mr. Cooper, where he played a key role in growing the company into the nation's largest home loan servicer. Most recently, Stone served as Mr. Cooper's Chief Revenue and Production Officer.
Stone was also the executive founder and president of Xome, a tech-driven real estate and mortgage services subsidiary of Mr. Cooper. Before joining LendingPoint, Stone was a senior advisor at Bayview Asset Management and served as the CEO and a Board member at Renovate America, a prominent POS, ESG, and home improvement fintech lender.
"I am honored to join LendingPoint and to work alongside such a dedicated and talented team at a pivotal time in our growth. I previously had the opportunity to work with LendingPoint as a lending partner and was impressed with their fintech lending platform, customer-centric culture, and operational excellence,” said Stone. “I also want to thank Mark [Lorimer] for his leadership and significant contributions to LendingPoint in various roles over the past seven years and look forward to working closely with the team on this next phase.”
“It’s been a privilege to serve LendingPoint as interim CEO. I believe that Shawn is a great fit and will continue the company’s mission to provide innovative financing solutions for customers while identifying new strategic growth opportunities,” said Chief Business Affairs and Legal Officer, Mark Lorimer. "Throughout his career, Shawn has been recognized for his ability to drive organizational success, foster a culture of excellence, and deliver superior results. His strategic vision, operational expertise, and championship of customer experience make Shawn the ideal leader to guide LendingPoint in its next chapter."
