Carlos M. Pelayo has been appointed executive vice president and chief legal officer of Coppell-based Mr. Cooper Group Inc.
Pelayo will lead the company’s legal department and corporate governance functions and will serve on the executive leadership team. Mr. Cooper is one of the largest home loan servicers in the nation and delivers a variety of servicing and lending products, services, and technologies.
“We are pleased to welcome Carlos to the Mr. Cooper Group executive leadership team,” Jay Bray, chairman and CEO of Mr. Cooper Group, said in a statement. “Carlos’ experience as a legal executive and leader within several large and complex financial services organizations will be a great fit for our team as we continue our journey of being a great place to work for our team members, strive to achieve our goal of becoming a $1 trillion+ servicer and deliver superior shareholder returns.”
Mr. Cooper said that Pelayo has more than 20 years of legal experience and an extensive background in financial services and regulatory compliance.
Extensive legal experience in financial services
He most recently served as managing director and legal executive for Merrill Lynch Wealth Management, a division of Bank of America. In that role, Pelayo was senior counsel to frontline business leadership with responsibility for providing day-to-day legal, regulatory, and strategic advice to key client-facing areas of the business.
Before that, Pelayo was managing director and general counsel for Barclays’ investment-driven private banking business in the Americas, and prior to that was in private practice with the international law firm Davis Polk & Wardwell.
“Mr. Cooper has clearly solidified its position as an industry leader, and I am excited to join the team at a time when the market presents a tremendous amount of opportunity to add even more value to our clients and shareholders. I look forward to leading a best-in-class legal function and helping the company achieve its growth goals in the years ahead,” Pelayo said in a statement.
Mr. Cooper Group provides customer-centric servicing, origination, and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper and Xome.
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