Cari Gordon Named Fay Financial CAO

Cari Gordon has been named Chief Audit Officer of Fay Financial, the company announced in a press release. In her new position, Gordon will oversee the strategy and operations of Fay’s Internal Audit team and its risk-based audit plan, ensuring the company is on top of its game in the rapidly changing market. “I’m immensely excited about joining Fay. Everyone from my team up through the senior executive level has extensive experience within the mortgage industry, and I look forward to working with such a talented team with so much depth,” Gordon said. She brings more than a decade of auditing experience and nearly thirty years of financial industry experience to the role. Most recently, Gordon served as Internal Audit…

Stephen Thomas Launches Minority-Owned Correspondent Lender

Industry powerhouse Stephen Thomas is spearheading a new minority-owned national correspondent lender, FutureWave Finance. FuturWave partners with investors to offer lenders a future-focused product suite aimed at expanding homeownership across the U.S. It offers government, conventional, and low-balance loans, plus jumbo, non-QM residential, and non-QM business purpose loans. Its industry partners include Ginnie Mae​, Freddie Mac, Optimal Blue​, ICE Mortgage Technology, The Fay Group, Loan Central, and SitusAMC. “I’ve known Steve Thomas a long time and if anyone can deliver the leadership and drive to change the mortgage industry and provide homeownership opportunities, it’s Steve. He knows this business inside and out and is deeply involved in the housing industry,” Julie Joseforsky, President of Financial Services at Fay Financial, said.…