Mortgage tech company Haven Servicing appointed Daniel Wallace as its new CEO, while current CEO Jonathan Chao will transition to Chief Product Officer.
Wallace joins Haven from blockchain financial company Figure Technologies, where he served as General Manager of Lending. They became the largest non-bank originator of HELOCs under his leadership.
His other experience includes CEO of FirstKey Mortgage, managing partner at Capital Crossing, and managing director at Lehman Brothers.
“The mortgage industry is in a transformative period. With 85% of outstanding mortgages having a rate below 5%, and application volumes at 30-year lows, engaging with existing borrowers is more important than ever. Haven enables all stakeholders to remain connected with their borrowers, throughout the life of their loan,” Wallace said.
“I am excited to partner with Haven co-founders, Jonathan and Nipun, and the entire team to continue to build upon Haven’s successes and continue to transform the mortgage industry.”
Wallace serves on the Dietrich College Board of Advisors at Carnegie Mellon University and previously served on the Board of Trustees.
In transitioning to CPO, Chao is returning to a prior role in order to focus on building the company’s platform.
“[Co-founder] Nipun Kant and I are beyond excited to welcome Daniel Wallace to Haven as our new CEO! Extremely proud of our progress to date,” he wrote in a LinkedIn post.
Haven is backed by high-profile fintech investors such as Fifth Wall, Fidelity National Financial, Conversion Capital, RWT Horizons, and 1Sharpe Venture.
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