Pennymac TPO hires historical Citizens Bank mortgage executive

California-primarily based Pennymac Financial Products and companies has hired Kristy Dickey, a historical executive at Citizens Bank, as first vice chairman of TPO sales.

Dickey will seemingly be to blame for rising the lender’s broker division and toughen its brokers and  non-delegated partners, the company mentioned.

A total of 5 additional senior account executives joined Dickey. The original hires joined Pennymac after Citizens exited the wholesale channel in November.

Dickey brings bigger than two a few years of financial trade ride to the distance.

For bigger than 10 years, she served as vice chairman and regional manager for the Southeast at Citizens, formerly Franklin American Mortgage which was purchased in 2018.

Earlier to that, Dickey labored for SunTrust Mortgage for bigger than 15 years, and left as regional sales manager.

She additionally serves on the Nationwide Association of Mortgage Brokers (NAMB) Corporate Board of Governors and is a member of Encourage, NAMB’s networking community for females in the group.

“Kristy’s proven skills, monitor tale and enthusiasm for what we intend to manufacture in 2024  will proceed to force our ‘tech forward, human focused’ advance home. We stay up for having Kristy lead and encourage our team, whereas providing simplest-in-class service to our partners,” mentioned Kim Nichols, chief TPO manufacturing officer.

Pennymac TPO is the nation’s 2nd most difficult third-celebration originator trailing United Wholesale Mortgage (UWM), per Inside of Mortgage Finance estimates. Most of its volume comes by the correspondent channel.

Manufacturing volume came in at round $68.8 billion in the foremost nine months of 2023, which gave the lender 14.4% market fragment in the TPO predicament.