Mortgage industry veteran Mark Lefanowicz has joined wholesale mortgage finance firm Fenway Summer, a new venture that aims to ‘reshape consumer finance into a trusted industry by launching products that solve problems for people,’ as CEO.
‘Hiring Mark is a big milestone for Fenway Summer,’ says Raj Date, founder of the firm and former director of the Consumer Financial Protection Bureau. ‘Recruiting an executive with such extensive financial, operational and credit expertise strengthens our firm immeasurably. Just as important, Mark shares our firm's deep-seated conviction that transparent products designed to serve consumers can be both profitable and sustainable.’
Lefanowicz previously served as the senior vice president responsible for Internet lending at Springleaf Financial, a consumer personal loan lender.
Prior to that, he served as president and CEO of E-Loan, a publicly traded Internet mortgage, home equity and auto lender. As CEO, he led the company's sale to Banco Popular, resulting in an 89% per share price appreciation from the time he joined E-Loan to its sale.
Prior to E-Loan, Lefanowicz served as chief financial officer of Provident Funding Associates, currently the largest wholesale mortgage lender in the U.S., where he was responsible for the company's treasury, finance, accounting and administrative functions.
For more about Fenway Summer, click here.