David Smith has been named head of Truist Mortgage, Truist Financial Corp. announced in a press release.
Smith will replace Todd Chamberlain, who will retire effective July 31. He will assist in Smith’s transition.
In his new role, Smith will spearhead strategy and execution for all areas of mortgage lending, including originations, fulfillment, correspondent and warehouse lending, and directing channels. He reports to Chief Retail and Small Business Banking Officer Dontá Wilson.
“David’s experience and accomplishments as a leader in the mortgage industry position Truist to reimagine the future of Truist Mortgage for our clients,” Wilson said.
“As we mark David’s installment as a leader, I want to also express my gratitude for Todd Chamberlain’s leadership to help make the American dream of homeownership come true for millions of clients—truly building better lives and communities.”
Smith’s past experience includes decades of leadership in the mortgage industry. Prior to Truist, he served as President of Keller Homes Financial Services, an affiliate of Keller Williams. His other experience includes Head of Originations, COO, and CEO, respectively, at CitiMortgage, and Assistant Vice President of Repurchase at Aurora Loan Services.
“I’m proud of our mortgage team and excited for our continued opportunity to provide a distinctive and successful homeownership experience for our clients,” said Smith.
“Together, we have an opportunity to combine the caring, human touch we’ve always delivered with an innovative, digital-first client experience to help even more clients bring their dreams into reality and achieve financial happiness.”
Truist Mortgage is a subsidiary of North Carolina-based Truist Financial Corporation, which offers retail and small business banking, commercial banking, corporate and investment banking, insurance, and wealth management. It is a top 10 U.S. commercial bank with total assets of $574 billion as of March 31, 2023.