Change Lending in Anaheim, California, has recently welcomed Madison Simm as its new chief financial officer, marking a significant addition to the team. With over 25 years of experience in the financial industry, Simm brings a wealth of expertise to his new role, previously holding executive positions at various banks and mortgage companies. Notably, he served as the president of real estate at Texas Capital Bank before joining Change Lending.
Here are some key points to consider regarding this exciting announcement:
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Proven Success: Simm’s track record in residential mortgage lending, servicing, and capital markets speaks for itself. His history of success in developing and leading financial services businesses highlights his capabilities and potential contributions to Change Lending.
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Strategic Growth: Steven Sugarman, founder of The Change Company, expressed confidence in Simm’s ability to drive sound growth and innovation at Change Lending. With the company poised for expansion, Simm’s expertise in managing financial services businesses will be instrumental in advancing its objectives.
- Exciting Opportunities: Simm himself conveyed excitement about his new role, emphasizing his eagerness to support Change Lending’s growth and success. His enthusiasm reflects the promising future that lies ahead for the company under his financial leadership.
Moreover, it is noteworthy that upon Simm’s appointment, Kari Hallowell, the previous CFO, will transition to the role of deputy chief financial officer. This move demonstrates the company’s commitment to leveraging the strengths of its leadership team to drive its mission forward effectively.
In another development, Change Lending recently became a member of the Federal Home Loan Bank of San Francisco, signifying a strategic investment in its growth and operations. In line with its commitment to community development, the company has been a designated Community Development Financial Institution (CDFI) under the U.S. Department of the Treasury since 2018. Through its diverse offerings, including small-business loans, lines of credit, real estate investor loans, rehab loans, and renovation loans, Change Lending continues to support various segments of the market, contributing to economic development and financial inclusivity.
In conclusion, the appointment of Madison Simm as CFO marks a pivotal moment for Change Lending as it embarks on an exciting phase of growth and innovation. With a focus on strategic expansion, community development, and financial service excellence, the company remains poised to make a significant impact in the industry under Simm’s leadership.
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