20 marked a flurry of personnel changes in the mortgage industry as Bank of America, First Republic Bank and Mutual of Omaha Bank announced new leadership hires and promotions.
Bank of America appointed Andrew Augsburger to lead its Wholesale Mortgage strategy and operations. Augsburger will assume the role of managing director of WHM Originations & Strategies. He will report directly to Matt Komos, head of consumer lending. With more than 16 years of mortgage industry experience, Augsburger previously held the role of managing director at Credit Suisse. In his new position, he will be responsible for leading strategy and execution in a variety of areas including servicing, sales, and underwriting.
First Republic Bank also made some personnel changes. Jake Lemkau was announced as the bank's chief marketing officer. Lemkau will be responsible for overseeing the bank's brand strategy and will report directly to Jim Herbert, First Republic's CEO. Before joining First Republic, Lemkau spent 13 years with JPMorgan Chase where he held various senior marketing roles.
Mutual of Omaha Bank added two new executive hires. Kimberlee Harrison was named senior vice president and chief operating officer, while Robert Miles was appointed vice president of national sales. Harrison will be responsible for overseeing the bank’s strategic initiatives, client experience, operations, and compliance. She has almost two decades of experience in the financial services industry, having worked with both Bank of America and U.S. Bank.
Meanwhile, Miles joins the team from American Financial Network, Inc., where he was vice president of national sales. In his new role, Miles will be responsible for developing and expanding the bank's mortgage business. Both Harrison and Miles will report directly to John Papenfuhs, president and CEO of Mutual of Omaha Bank.
On September 20, there were several key personnel changes in the mortgage industry. Bank of America appointed Andrew Augsburger as managing director of WHM Originations & Strategies, and First Republic Bank hired Jake Lemkau as its chief marketing officer. Mutual of Omaha Bank welcomed two new executives – Kimberlee Harrison as senior vice president and chief operating officer, and Robert Miles as vice president of national sales.
These personnel changes reflect the competitive nature of the mortgage industry. Banks are making efforts to strengthen their leadership teams in order to better position themselves in the market. Having experienced professionals with deep knowledge of the industry is critical in order to remain competitive and succeed.
The mortgage industry is highly competitive, so banks are constantly looking for experienced professionals to lead their teams. On September 20, three banks – Bank of America, First Republic Bank, and Mutual of Omaha Bank – made personnel changes to their leadership teams. At Bank of America, they appointed Andrew Augsburger as managing director of WHM Originations & Strategies. First Republic Bank hired Jake Lemkau as its chief marketing officer, and Mutual of Omaha Bank added two new executive hires - Kimberlee Harrison as senior vice president and chief operating officer, and Robert Miles as vice president of national sales.
Having strong leadership teams with relevant experience is essential in the mortgage industry. The three banks mentioned above have recognized this and are making efforts to strengthen their teams in order to improve their overall performance in the market. Augsburger brings sixteen years of mortgage industry experience to Bank of America, while Lemkau has thirteen years of experience in marketing with JPMorgan Chase. Harrison and Miles come to Mutual of Omaha Bank from Bank of America and American Financial Network, Inc. respectively, and bring their knowledge of the industry to the team.
The personnel changes made on September 20 demonstrate the importance of having experienced professionals in the mortgage industry. With these new hires, the three banks can continue to compete in an ever-changing landscape and can increase their chances of success.
This article was contributed on Jul 01, 2023
