Plaza Home Mortgage, a wholesale and correspondent mortgage lender, has restructured its leadership and realigned key executive responsibilities as the company seeks to maintain its momentum in the current market.
Company founders Kevin Parra and James Cutri will add the new titles of chairman and vice chairman, respectively, to reflect the more enterprise-focused roles they will be playing. Parra will continue to be president and CEO. Michael Fontaine, Plaza's COO and CFO, will continue to lead day-to-day operations of Plaza's businesses and its financial management.
"The new structure and titles formalize a gradual transition that has been going on for some time at Plaza Home Mortgage," Parra said. "Going forward, James and I will be more focused on Plaza's strategic direction and evaluating investments to sustain our momentum in the current market environment and to assure Plaza's leadership in the coming digital era."
Additionally, Plaza announced that it has named Jeff Leinan as executive vice president. Previously senior vice president of national wholesale production, Leinan will now be responsible for the company’s emerging reverse and renovation lending businesses in addition to wholesale.
"Over the past 10 years, Jeff has demonstrated his expertise in building our wholesale business significantly. Jeff will now be charged with driving our growth in an expanded capacity, and we are pleased to have him as an integral part of our executive leadership team," Parra said.