Former Newrez exec James Hecht has been named the new CEO of OneTrust Home Loans, the company announced.
Hecht brings more than three decades of mortgage industry experience to the role, where he will oversee multiple mortgage lending divisions.
“I am honored to lead the lending and joint venture businesses within the OneTrust Family of Companies… The company has a strong, sophisticated foundation that is well beyond its current size and rivals some of the largest mortgage lenders in the country,” Hecht said.
He previously served as Head of Production and Executive Vice President for National Retail Lending at Newrez (formerly Caliber Home Loans.)
His other experience includes COO at Stearns Lending, and various leadership positions at Bank of America, eventually becoming Managing Director to National Retail Fulfillment and Underwriting Executive.
OneTrust is interested in growing its joint venture division, which Hecht has significant experience in, having overseen the largest builder joint venture in the industry while at Bank of America.
Co-founders Josh and Shane Erskine will transition to CEO and President of Warp Speed Holdings LLC, respectively, focusing on the broader family of companies.
“James is exceptional at what he does and with his leadership, I have no doubt the company will reach new heights,” Shane Erkine said.
“As I move forward into my new role with Warp Speed Holdings LLC and working alongside James, I am confident that James will help us significantly strengthen our position in the mortgage industry.”
OneTrust Home Loans is a privately owned Ginnie Mae, Fannie Mae- and Freddie Mac-approved direct lender and servicer licensed in 49 states and 2 territories. It offers standard loans as well as commercial and construction, plus reverse mortgage and wholesale channels.