Deephaven Hires Guaranteed Rate Exec Aaron Drago

Deephaven Mortgage has hired Aaron Drago as its new Chief Operating Officer, the company announced in a press release.

It’s an absolute honor to join such an esteemed organization focused on innovation and growth,” Drago said in a LinkedIn post.

“Deephaven already differentiates itself through its agility and highly responsive service. In nautical terms, we’re a yacht, rather than a cruise ship, with the flexibility to make changes that cater to customers’ emerging needs. I’m excited to help us innovate our operations and leverage technologies to build on that advantage—and ultimately empower brokers and correspondents to serve more Non-QM borrowers,” he said.

Drago brings decades of experience, including c-suite positions, to the company. He most recently served as COO for Guaranteed Rate’s Southeast and Mountain West divisions.

Drago has also worked at Wells Fargo as SVP, Head of Home Equity Fulfillment; at TD Bank as Head of Operations Strategy and Process Governance; and at Bank of America as an SVP of Root Cause and Problem Identification.

As COO of Deephaven, Drago will optimize and oversee the company’s daily operations, driving long-term growth and increasing customer and partner satisfaction.

“Aaron combines a depth of operational experience with a focused and disciplined approach to process optimization. This will serve Deephaven well as we scale operations to meet strong demand for our products,” said John Keratsis, Deephaven’s President and Chief Executive Officer.

Drago holds a B.S. in industrial engineering from Lehigh University.

Founded in 2012, Deephaven is a full-service non-QM lender financing underserved customers throughout the United States.