People in the News, Sept. 22, 2023
(DeVito courtesy of Freddie Mac)
Michael DeVito to Retire From Freddie Mac
Freddie Mac CEO Michael DeVito announced he will retire from the post in the first quarter of 2024.
He has had more than 30 years of experience in the mortgage and financial services industry, with more than 23 years at Wells Fargo. There, he served as Executive Vice President, Head of Home Lending.
“I am grateful for his commitment and dedication which has put the company in a stronger financial position while still providing broad access to credit for all creditworthy borrowers. I am deeply grateful for his service and wish him well in his future endeavors,” Federal Housing Finance Agency Director Sandra Thompson said in a release. “I will work closely with the board in identifying a successor and ensuring a smooth transition to the new leadership”
Ryan Ogata Takes Role as EVP of Reverse Mortgage Lending at Guaranteed Rate
Ryan Ogata has been promoted to Executive Vice President of Reverse Mortgage Lending at Guaranteed Rate, Chicago.
Ogata has been in the mortgage lending industry for two decades and will lead the division.
He has been with Guaranteed Rate since 2017, and previously served as the company’s Divisional Manager for the Pacific West region.
Marc Tatarcuk Joins PCV Murcor
Marc Tatarcuk has joined PCV Murcor, Pomona, Calif., as Vice President of National Sales.
Tatarcuk has more than 20 years in the real estate and financial services industries. He will be responsible for overseeing and guiding the company’s national sales efforts across all verticals.
Previously, Tatarcuk has held leadership positions with Catholic Vantage Financial, First National Bank of America and Hartland Financial.
He serves on the board of the Mid-Michigan Mortgage Lenders Association, and is a member of the Michigan Bankers Association and the Community Bankers of Michigan.
Click n’ Close Adds Ken Weislak and Travis Sharpe
Click n’ Close, Addison, Texas, announced the hiring of Ken Weislak as Business Development Manager for the wholesale division and Travis Sharpe as the Operations Manager for the company’s correspondent division.
Weislak will focus on recruiting and onboarding third-party originators. He most recently served as Vice President of the Central States region for Kind Lending’s wholesale/non-delegated division. He has also worked for Plaza Home Mortgage, Aegis Wholesale and Fleet Mortgage Corp.
Sharpe will be responsible for all operational aspects of the correspondent division, with a focus on the client experience. He previously spent nearly 15 years at Mr. Cooper, most recently as Vice President of Capital Market Operations.
