Mid America Mortgage names COO

by Francis Monfort15 Aug 2017
Mid America Mortgage has promoted Kara Lamphere to chief operating officer, the company announced. Lamphere was previously chief compliance officer and director of correspondent lending.

“Kara Lamphere is a tremendous asset to Mid America Mortgage and has been essential to Mid America’s ability to execute eClosings and eNotes in our retail and TPO channels. She has also lead Mid America’s efforts to help brokers make the successful transition to mortgage bankers through our eCorrespondent division,” said Mid America owner and CEO Jeff Bode. “Having already played such a key role in our operations, Kara was the natural choice for our COO, and we have no doubt that she will continue to drive operational excellence and growth for Mid America in this new role.”

From July 2012 to July 2014, she was chief compliance officer at Mid America Mortgage. Before she rejoined the company in December 2016, Lamphere served as senior vice president of compliance at CMG Financial, where she later added responsibilities for managing correspondent lending operations.

While at CMG, Lamphere was responsible for compliance, quality control, fraud, internal audit, counterparty relations, and correspondent operations. She also worked on developing policies, procedures, training, and analysis, while managing a 50-person team. Lamphere also previously held the role of vice president of compliance for PrimeLending, having full oversight of the company’s state compliance program along with compliance risk, marketing, consumer complaints and complaint analysis, and auditing and testing responsibilities.

“Mid America has been at the forefront of the push towards fully electronic mortgages, and to have played a role in that effort has been both challenging and rewarding,” Lamphere said. “As COO, I am excited for the opportunity to challenge myself further in the industry and to aid Mid America in its continued success.”


Related stories:
Waterstone Mortgage taps Wirth for COO
LenderLive appoints new CEO, COO
 

COMMENTS

Poll

Should CFPB have more supervision over credit agencies?