Open Mortgage has appointed Andrea Easter to be its first Chief Compliance Officer, the company announced in a press release.
Easter will oversee the Compliance Department, managing all risk-related functions including the development and implementation of policies and procedures regarding state and federal regulations and agency requirements.
Easter will also be responsible for the facilitation of an annual risk assessment as well as internal and third-party audits and investigations.
She reports to Open Mortgage President Joe Stephenson and will hold a fiduciary duty to the Board of Directors.
“As Open Mortgage continues to experience unprecedented growth, it’s vital that we diligently safeguard both the firm and our clients with a company-wide compliance approach centered around our brand values,” said Stephenson.
“Andrea is a proven leader in the financial services industry and her extensive expertise will further enable an effective risk and control environment that can scale as the company grows.”
Prior to Open Mortgage, Easter served as vice president of compliance and, later, deputy chief compliance officer at Celebrity Home Loans. She has also worked as a senior financial examiner at Mortgage Origination with the North Carolina Office of the Commissioner of Banks and held compliance roles at various other mortgage companies.
Open Mortgage is a multi-channel lender founded in 2003 and headquartered in Austin, Texas, with retail locations nationwide.