Dallas-based mortgage servicing company Mr. Cooper Group Inc. announced two executive leadership appointments—Kurt Johnson to chief financial officer and Christine Paxton as EVP and chief risk and compliance officer.
Johnson joined Mr. Cooper in 2015 and most recently was chief risk and compliance officer, responsible for credit and market risk management and leading the risk and compliance organization.
With 25 years in the mortgage industry, Johnson has experience in originations, servicing, treasury, portfolio management and financial planning.
While at Mr. Cooper, Johnson has led the multiyear Project Titan initiative to transform servicing, along with critical technology and process enhancements to their platform.
In 2019, he became the company’s chief credit officer responsible for setting all credit risk-related policy and governance before being promoted to his role as chief risk and compliance officer in early 2021.
“With his decades of experience in mortgage-banking, strong relationships with government and industry stakeholders and a detailed understanding of our platform, Kurt is already a major force at the company and in the industry. In his new role, he will be instrumental in setting the company on the path to delivering strong and rising investor returns,” Chairman and CEO Jay Bray said in a statement.
Experienced executive returns to Mr. Cooper
Paxton returns to Mr. Cooper from Wells Fargo, where she most recently was senior vice president of control management, responsible for managing risk for the home lending and servicing business.
Before that, Paxton was SVP of enterprise risk at Mr. Cooper Group where she established the corporate enterprise risk management framework. Christine also served in leadership roles at Capital One and Citi.
“We are delighted to welcome Christine back to the Mr. Cooper Group team,” Bray said. “She is a well-respected leader, and I am confident that her experience and operational skills will be a great fit as we work to ensure Mr. Cooper continues to serve as a source of strength in the housing market.”
Jaime Gow will transition from CFO to a strategic adviser role through October.
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