DebtMarket, an online marketplace for buying and selling whole loan portfolios, announced the hiring of three additional experts. Stuart McFarland will serve as special advisor for Capital and Federal Markets and Jim Jones and Bob Feller will join as members of the Board of Directors, effective immediately.
Stuart McFarland previously served as CFO of Fannie Mae as well as CEO of GE Capital Asset Management Corporation. Stuart also served as the president and CEO of Pedestal, an Internet-based, electronic trading platform for the purchase and sale of mortgage loans in the secondary market. . McFarland’s role will focus on outreach to various branches of government including Government Sponsored Enterprises (GSEs) and FDIC. Stuart will be representing DebtMarket in Washington DC, where he will open a liaison office.
Jim Jones, who was the former CEO of GMAC’s Residential Capital LLC, brings with him over 30 years of management experience in commercial banking, consumer lending, and related financial services.. Prior to his role as CEO, Jones served as president of ResCap’s Residential Finance Group, CEO of Aegis Mortgage, and has also held senior positions at Providian, Bank of America, Wells Fargo and Citigroup. Jones will take a lead role in promoting the firm to marquee names in the residential and commercial mortgage space.
Feller, former CEO of Capmark Financial Group, (formerly known as GMAC Commercial Holding Corp.) will support DebtMarket’s expansion into additional asset classes.
“With this considerable boost to our intellectual we will have a much stronger and more diverse offering for both buyers and sellers,” stated Scott Walchek, Co-Founder and Chairman of DebtMarket, in the release. “Ultimately, building out a team with asset specific knowledge like this, will support the company’s growth objectives as well as the marketplace as a whole.”
“We are excited to bring in three high caliber executives, who will deliver a breadth of invaluable experience to our team,” added Mike Sheridan, co-founder and president of DebtMarket, the world’s first automated marketplace that connects buyers and sellers of loan portfolios. “Jim, Stuart, and Bob will play an integral role at DebtMarket as the company expands its presence in the market, especially in regards to the commercial and residential mortgage space,” stated Sheridan in the release.
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio