Industry Veteran Joins Capital Markets Cooperative

Posted by Orb Staff on June 11, 2009 No Comments
Categories : Residential Mortgage

l Markets Cooperative (CMC) – a firm that provides secondary market services, including pricing models and rate sheet generation – has appointed Len Israel senior vice president of Western regional sales. In this position, Israel is responsible for opening up the West Coast to CMC. Drawing on his more than 24 years of mortgage banking and capital markets experience, Israel will identify institutions that would benefit from a CMC partnership. Before joining CMC, Israel served for five years as senior vice president of the correspondent services division for Indymac Bank, and later assumed management responsibility for warehouse lending. From 1998 to 2003, he was senior vice president and director of correspondent lending for Citimortgage, based in St. Louis. While there, he drove a shift in the business paradigm from a primarily jumbo best efforts emphasis to a "pure pass-through" agency platform supported by a mandatory trade desk. SOUR

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