Lender and manager, Mr Cooper, announced this to be the case on Tuesday
Ranjit Bhattacharjee, a capital markets veteran, will join the company as executive vice president and chief investment officer. In his new role, Bhattacharjee will oversee capital markets and correspondent lending.
Bhattacharjee joins Mr. Cooper from Wells Fargo, where he was head of capital markets and correspondent lending from May 2022 to April 2024. Previously, he was executive vice president of capital markets at Caliber Home Loans and spent nearly 15 years at Citi Mortgage. The mortgage manager is expected to start employment on May 6, 2024.
In addition, financial analyst Kevin Barker took on the role of senior vice president of corporate finance on Monday. Barker will lead Mr. Barker’s corporate finance teams. Cooper and report to Kurt Johnson, the company’s Chief Financial Officer.
Prior to his career change, Barker worked as an analyst for Piper Sandler for nine years, according to his LinkedIn. The director also previously worked at Freddie Mac and Compass Point Research & Trading.
“Ranjit’s deep knowledge of capital markets and correspondent lending and Kevin’s extensive knowledge of the mortgage industry will undoubtedly bring new ideas and insights to Mr. Cooper,” said Jay Bray, chairman and CEO of the company. “We are excited to welcome these two new leaders to our team as we continue to grow and scale our business.”
In January,
Mr. Cooper reported better-than-expected fourth-quarter earnings, with net income of $46 million. The mortgage lender and servicer also announced that the company’s total servicing portfolio, which rose to $992 million in the fourth quarter, is likely to finally surpass its value.