In her new role, LaRaia will oversee all legal and regulatory compliance functions. LaRaia has been in the industry for over 20 years and was previously the chief compliance officer/deputy general counsel at Supreme Lending. The median condo price is 340,000, up 13.1 YoY. The median single-family home price is 397,600, up 14.8 YoY. The median price for all types of homes is 391,200, up 14.8 from a year ago. The lender announced Monday it brought on chief legal officer and general counsel at First Guaranty Mortgage Corporation, Laura LaRaia, as its executive vice president, general counsel and chief compliance officer. Existing home sales (closed deals in April) fell 2.4 to an annual rate of 5.61 million homes, down 5.9 in the last 12 months.
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Since the company pressed pause on its non-QM lending this time last year, Sprout has unveiled a series of new products for it non-QM program, resumed correspondent lending and is now shaking up its executive suite in 2021. “Sprout is fortunate to have a person with Henry’s skill, proven track record, and history of innovation among its leaders.” “I’m excited about Henry joining our team of senior leaders to advance our mission of continued technological innovation and strengthen our position as the preeminent provider of non-QM residential lending nationwide,” said Michael Strauss, CEO of Sprout Mortgage. Santos also held various financial and executive roles at Fidelity National Information Systems, Capco and Accenture over the years.Īccording to Sprout Mortgage, Santos will be in charge of strategy, execution and performance of the company’s enterprise technology and will work to digitize and modernize Sprout’s lending capacity.Īfter the company took a short freeze on its non-QM lending this time last year, Sprout has unveiled a series of new products for it non-QM program, resumed correspondent lending and is now shaking up its executive suite in 2021. Santos had served at Infosys for two years before his latest appointment, and previously served as the North American lending executive for IBM. Non-QM lender Sprout Mortgage has brought on Infosys‘s chief information officer and global director of real estate finance solutions, Henry Santos, as its own CIO and executive vice president, the company announced Tuesday.
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