David Pike, a 20-year mortgage industry veteran with servicing oversight and compliance expertise, has joined Allonhill, an independent third-party review firm specializing in mortgage due diligence and credit risk management, as a managing director of sales.
In addition, the company has promoted Brian Sherman, previously Allonhill's primary client liaison to its private sector clients, into a sales and business development role.
Pike previously served as mortgage servicing oversight director at Ally Bank. Prior to working for Ally Bank, he served as a senior vice president at Bank of America. His background at major financial institutions also includes subservicing transfers, risk management, mortgage operations, vendor management and due diligence.
In his new job, Pike will develop strategic opportunities to expand Allonhill's products and services offerings and client relationships within the servicing sector.Â
Sherman also brings considerable experience to his new position within the company. Prior to joining Allonhill, Sherman spent a decade working with institutional clients in the taxable fixed income markets at several firms, including Credit Suisse First Boston and J.P. Morgan.
In his new role, Sherman will leverage his financial services business development background to develop opportunities with current and new clients.