Guaranteed Rate snags lending leader from CrossCountry

Sharbel Shamoon announced last week that he is joining Guaranteed Rate as a vice president of mortgage lending. Shamoon, who’s produced and overseen more than $1 billion in loan volume over his 15-year career, was previously with PERL Mortgage, which officially joined forces with CrossCountry Mortgage in March.  

In a press release, Guaranteed Rate Divisional Sales Manager Jim Eboli expressed confidence in Shamoon’s fit at the company. “I am so excited to welcome Sharbel to our team,” he said. “He is known in the industry for his commitment to clients and business partners, making him a perfect fit at Guaranteed Rate.”

“Guaranteed Rate stood out to me because of the systems they have in place for streamlined, efficient loan file management,” Shamoon said. “I love meeting new people and building long lasting relationships.”

Fannie Mae scoops up Sheila Bair

Last month, Fannie Mae announced that former chair of the Federal Deposit Insurance Corporation Sheila Bair has been appointed to the corporation’s board of directors.

Bair became a household name for her role in the government’s response to the 2008 financial crisis. She’s also served as the assistant secretary for Financial Institutions at the Treasury, senior vice president for government relations of the New York Stock Exchange and commissioner of the Commodity Futures Trading Commission. Fannie Mae faces an uncertain future, as the Trump administration considers the future of government-sponsored enterprises in mortgage lending. 

“Sheila is another tremendous addition to our exceptional board of directors,” said Hugh R. Frater, chief executive officer of Fannie Mae. “Throughout her career she has demonstrated strong banking and financial services prowess, a fierce commitment to affordable lending solutions, and deep business strategy, risk management, and regulatory expertise. She will help guide us as we continue to deliver against our strategic priorities, transform the mortgage experience for our customers and partners, and address our country’s pressing housing needs.”

Broker Public Portal taps KW tech pro

Neil Dholakia, chief product officer of Keller Williams, has joined the Broker Public Portal board of managers, according to a release put out by the organization today. The BPP is owned and operated by real estate brokerages and MLSs, including Chicagoland’s MRED, and is chiefly known for its Homesnap product. Dholakia has been in the technology realm for more than two decades, and currently works to leverage Keller Williams’ KW Labs to develop tools for agents and brokerages across the country.