Nationstar Mortgage Appoints New Chief Risk Officer
January 10 2017 - 4:53PM
Business Wire
Former Capital One Bank Executive Mihir Patel
to Lead NSM’s Enterprise-wide Risk Management
Nationstar Mortgage Holdings Inc. (NYSE: NSM) (“Nationstar”)
announced today that Mihir Patel has joined Nationstar as the
company’s new EVP and Chief Risk Officer. Patel, who held
risk-related leadership roles at Capital One Bank, will lead the
enterprise-wide risk management functions at Nationstar. He will
also be a member of the executive management team.
“Mihir is a great addition to our team, bringing direct
experience with highly diversified and complex financial
institutions, and critical knowledge of the regulatory
environment,” said Jay Bray, Chairman and CEO of Nationstar. “As
Nationstar continues to deepen customer relationships, Mihir will
be an important partner in ensuring that risk management continues
to be a key priority for our business.”
Mihir has extensive banking, legal, regulatory and operational
enterprise-wide risk management experience. Most recently, Mr.
Patel worked for Capital One Bank where he held many senior
executive leadership roles specifically related to enterprise and
operational risk. Mihir also held senior executive leadership roles
at PNC Bank and practiced corporate law at a top tier international
law firm.
Former Chief Risk Officer Ramesh Lakshminarayanan is now serving
as the Chief Business and Analytics Officer and will continue
reporting to Jay Bray.
“As we strive to become the benchmark in service for the
mortgage industry, data and analytics must play a critical role in
helping us to better understand our customers, what they need and
where their pain points are,” Bray noted. “In this role, Ramesh
will be able to tap into his vast knowledge of our business having
served as our Chief Risk Officer for four years, as well as his
capabilities in analytics, to deliver deeper consumer insights. I
am grateful for his continued dedication to Nationstar and I am
excited to see how his expertise and insights will lead to an even
better customer experience.”
About Nationstar
Based in Dallas, Texas, Nationstar provides quality servicing,
origination and transaction-based services related principally to
single-family residences throughout the United States. With
experience spanning more than 20 years, Nationstar is one of the
largest servicers in the country. Additional details about
Nationstar can be found at www.mynationstar.com.
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