Impac Mortgage Holdings, Inc. Announces Appointment of Obi Nwokorie and Joseph Piscina to Board of Directors
September 21, 2021 at 04:06 pm EDT
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Impac Mortgage Holdings, Inc. announced that Obi Nwokorie and Joseph Piscina have been appointed to the Company’s Board of Directors, effective September 17, 2021, bringing the total number of directors back to six. Earlier in the year, on June 1, 2021, the Company named Mr. Nwokorie EVP, Alternative Credit Products and Chief Investment Officer. Previously, Mr. Nwokorie served as Managing Director of mortgage trading at Seer Capital Management LP where he was responsible for bulk whole loan acquisition and securitization of Non-QM, NPL and Fix and Flip mortgages. Prior to Seer Capital, Mr. Nwokorie served in various roles at both Credit Suisse Securities (USA) LLC and UBS Securities LLC, including subprime and second lien whole loan trading, head of the asset finance structuring team and on the new issue syndicate desk. Mr. Joseph Piscina currently serves as Chief Operating Officer and partner of The Versant Group, whose funds focus on building and acquiring investment management businesses that are scalable through market cycles. Mr. Piscina previously help positions with Ellington Management Company, Monday Capital Partners, Five Mile Capital Partners and Natixis.
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.