Madison Simm Named CFO At Change Lending

Non-bank originator Change Lending named Madison Simm as its Chief Financial Officer.

In his new role, Simm will oversee the company’s growth in mortgage lending, servicing, and capital markets, overseeing all financial operations. 

Kari Hallowell will assume the role of Deputy CFO.

“I am thrilled to join Change Lending as CFO,” Simm said. “This is an exciting time for the company, and I am eager to contribute to its growth and success.”

Simm brings more than two decades of financial services experience to the position. Most recently, he served as President of Real Estate at Texas Capital Bank.

Simm’s other experience includes CFO of Pacific Union Financial, Chief Strategy Officer at W.J. Bradley Mortgage Capital, and VP of Finance for Lehman Brothers Holdings.

“Madison’s expertise in developing nationally recognized financial services businesses and managing sound growth will be invaluable to Change Lending as the company continues to expand and innovate,” said Steven Sugarman, Founder of The Change Company.

Change Lending is a community development financial institution that operates in underserved communities. It became a CDFI in 2018 and, since then, has focused on Black, Latino, Filipino, Vietnamese, disabled, and low-income borrowers, and borrowers who reside in low-income communities.

It briefly lost its CDFI last year in the midst of a wrongful termination lawsuit filed by Sugarman’s former Chief of Staff, Adam Levine. However, it was reinstated just a few months later.

In May, it became a member of the Federal Home Loan Bank of San Francisco.

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