Impac Mortgage Holdings, Inc. Announces Management Changes
August 19, 2019 at 04:06 pm
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On August 14, 2019, Impac Mortgage Holdings, Inc. and Rian Furey entered into a Separation and Release Agreement whereby the parties agreed that Mr. Furey’s last day of employment at the Company will be August 16, 2019. On August 9, 2019, Nima J. Vahdat was appointed General Counsel of the Company. Mr. Vahdat joined the Company in June 2018 as SVP, Chief Compliance Officer and Associate General Counsel. He will remain as Chief Compliance Officer in addition to his role as General Counsel. Prior to joining Impac, since March 2015, Mr. Vahdat was SVP, Associate General Counsel, Fair & Responsible Lending Officer at loanDepot.com, LLC and from October 2010 until 2015, he was at Discover Financial Services last serving as VP & Senior Counsel, Regulatory Center of Excellence.
Impac Mortgage Holdings, Inc. is an independent residential mortgage lender that originates, sells, and services residential mortgage loans. The Companyâs operations include mortgage lending, servicing, portfolio loss mitigation, real estate services, and the management of the securitized long-term mortgage portfolio. Its segments include Mortgage Lending, Long-Term Mortgage Portfolio and Real Estate Services. The Mortgage Lending segment provides mortgage lending products through two lending channels, retail and wholesale and retains mortgage servicing rights. The Long-Term Mortgage Portfolio segment consists of residual interests in securitization trusts. The Real Estate Services segment performs master servicing and provides loss mitigation services for primarily its securitized long-term mortgage portfolio. It provides loss mitigation and real estate services primarily on its own long-term mortgage portfolio, including default surveillance, short sale service, and other services.