Former Fannie Mae Exec Andrew Bon Salle Joins Mr. Cooper Board

Former Fannie Mae exec Andrew Bon Salle has been named to Mr. Cooper’s board of directors, effective January 1, the company announced.

Bon Salle brings more than three decades of capital markets, risk management, and mortgage policy leadership experience to the position. 

“I am thrilled to join the Mr. Cooper Group board and contribute to the ongoing evolution of the homeownership journey while supporting and mentoring the next generation of industry leaders,” Bon Salle commented. 

“Mr. Cooper has been a transformative force in the mortgage industry, and I’m honored to help advance its mission of making the dream of homeownership a reality for all Americans.”

He most recently served as Chairman of the Board of Directors of Home Point Capital Inc.

Before that, he was EVP of Fannie Mae’s Single-Family Mortgage business. In that role, he spearheaded capital market functions, customer engagement, and the performance of a $3.5 trillion credit portfolio.

“Andrew’s exceptional track record in driving business strategy and transformation, combined with his extensive leadership experience in the mortgage industry, makes him an invaluable addition to our board,” said Jay Bray, Chairman and CEO of Mr. Cooper Group. 

Mr. Cooper continues drawing in new talent. In October, the company announced senior leadership enhancements designed to expand the company’s AI and digital-first strategies.

Earlier this year, the company acquired Flagstar Bank’s TPO platform and $356 billion in mortgage servicing rights, advances, and subservicing contracts.

Mr. Cooper Group is the country’s largest home servicer, offering a “customer-centric” approach to servicing, origination, and transaction-based services for single-family residences.