Impac Mortgage Holdings, Inc. Announces Hiring of Obi Nwokorie as EVP, Alternative Credit Products and Chief Investment Officer, Effective June 1, 2021
May 20, 2021 at 04:05 pm EDT
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Impac Mortgage Holdings, Inc. announced the hiring of Obi Nwokorie as EVP, Alternative Credit Products and Chief Investment Officer effective June 1, 2021. Mr. Nwokorie most recently served as Managing Director of mortgage trading at Seer Capital Management LP where he was responsible for bulk whole loan acquisition and securitization of NonQM, NPL and Fix and Flip mortgages. Prior to Seer Capital, Mr. Nwokorie served in various roles at both Credit Suisse Securities (USA) LLC and UBS Securities LLC, including subprime and second lien whole loan trading, head of the asset finance structuring team and on the new issue syndicate desk.
Impac Mortgage Holdings, Inc. is an independent residential mortgage lender that originates, sells, and services residential mortgage loans. The Companyâs operations include mortgage lending, servicing, portfolio loss mitigation, real estate services, and the management of the securitized long-term mortgage portfolio. Its segments include Mortgage Lending, Long-Term Mortgage Portfolio and Real Estate Services. The Mortgage Lending segment provides mortgage lending products through two lending channels, retail and wholesale and retains mortgage servicing rights. The Long-Term Mortgage Portfolio segment consists of residual interests in securitization trusts. The Real Estate Services segment performs master servicing and provides loss mitigation services for primarily its securitized long-term mortgage portfolio. It provides loss mitigation and real estate services primarily on its own long-term mortgage portfolio, including default surveillance, short sale service, and other services.
Impac Mortgage Holdings, Inc. Announces Hiring of Obi Nwokorie as EVP, Alternative Credit Products and Chief Investment Officer, Effective June 1, 2021