CMLS Financial announces latest high-powered appointment

The newly minted executive will be heading the company’s residential mortgage business

CMLS Financial announces latest high-powered appointment

CMLS Financial has announced the appointment of its newest executive, who will be heading the company’s residential mortgage business.

Dan Putnam will be taking the role of senior vice president, head of residential mortgages. CMLS hailed the appointment as a significant milestone.

“For the first time in its history, CMLS Financial will have its residential division helmed by an industry leader who began his career as a mortgage broker and has given more than a decade of service to CMLS Financial, including the launch of the residential mortgage division he now oversees,” the company said.

Putnam brings with him more than 25 years of experience in the Canadian residential mortgage space, including several key leadership roles.

“It is fitting: the role was always meant for Dan – like coming full circle,” said Chris Brossard, chief executive officer of CMLS Financial. “It came down to his leadership, his deep understanding of the mortgage broker, and his incredible track record of customer service. Dan has walked in the shoes of our broker customers, and he made an indelible mark in the industry; he really understands the needs of the mortgage broker in today’s environment.”

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“Brokers represent a large share of residential mortgages in Canada, originating approximately $115 billion each year. To them I would say, this is an entirely new CMLS Residential,” Putnam said. “Already we have introduced new programs that are incentivizing business and catering more resolutely to brokers, and there are a lot more changes coming that will reshape the CMLS Financial mortgage experience.”