Metrocities Mortgage Names Simone Lagomarsino, Chief Financial Officer and Chief Administration Officer.SHERMAN OAKS, Calif. -- Metrocities Mortgage, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a leader in the national residential mortgage lending market, today announced the appointment of Simone Lagomarsino as Chief Financial Officer, Chief Administration Officer and member of the Board of Directors. Ms. Lagomarsino, who joins Metrocities from a leadership position with Countrywide Bank, will be responsible for overseeing all finance and accounting functions, as well as Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . "This is an important addition to the Metrocities' team and we are pleased to have Simone onboard," explained Paul Wylie Paul Stanton Wylie (born October 24, 1964) is an American figure skater and 1992 Olympic silver medalist. Biography Born in Dallas, Texas, Wylie began skating at the age of three. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Metrocities Mortgage. "Simone has a solid track record of managing and growing finance-related companies. As we continue our strategic growth, we have found the need to address long-term capital, securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. , and portfolio lending capabilities. Simone is also a great fit with the Metrocities' culture and will be a tremendous asset to our operations." "I am very pleased to be joining the mortgage industry leader in developing Affiliated Business Arrangements," added Lagomarsino. "I became impressed with Metrocities and their business model when I provided consulting services to the company in 2004. I am excited to be joining the world class team that Paul has assembled, and I look forward to working together to further develop and grow the business." Ms. Lagomarsino comes to Metrocities with more than 20 years of experience in financial management roles, most recently serving as Managing Director for Diversification, Planning and Deployment of Countrywide Bank, N.A., a member of Countrywide Financial Corporation (NYSE NYSE See: New York Stock Exchange :CFC CFC See: Controlled foreign corporation ). There, she was responsible for the development of new product lines, as well as management of the bank's human resources, governance, administrative and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . In addition, she provided leadership in the design, development and implementation of the strategic planning process. Prior to her work with Countrywide, Lagomarsino was President and CEO of Hawthorne Savings, where she stewarded the savings and loans' growth and shareholder value, increasing the market cap from $60 million to more than $500 million in four years. Prior to that, she held roles as Executive Vice President, Chief Financial Officer with First Plus Bank, as well as senior-level positions with Imperial Financial Group, Ventura County National Bank, Prudential Securities, Premier Bank and City National Bank. In 2003, Lagomarsino was named the CEO of the Year by the Los Angeles Business Journal. She has a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in economics from Claremont McKenna College A member of the Claremont Colleges, Claremont McKenna College is a small, highly selective, private coeducational, liberal arts college enrolling about 1100 students with a curricular emphasis on government, economics, and public policy. and a Masters degree in business, with an emphasis in finance, from Claremont Graduate School. About Metrocities Mortgage Established in 1989, Metrocities Mortgage is ranked in the top 1 percent of residential mortgage lenders nationwide for closed loan volume, closing over $6.3 billion(a) in 2004. Headquartered in Sherman Oaks, California, Metrocities Mortgage has become a leading nationwide lender based on unique loan programs and successful joint ventures (affiliated business arrangements) with key real estate companies, credit unions, financial advisor/business management companies, builders and other affinity groups. Loan Officers have access to over 7,000 loan programs and proprietary search engine technology enabling them to find the best loan products for their clients. As America's Best Relationship Lender(SM), Metrocities Mortgage is renowned for its in-house lending expertise, wide selection of loan programs and Heroic Customer Service(SM). For a photo of Ms. Lagomarsino, please visit: http://www.metrocitiesmtg.com/images/Simone-RGB-smaller.jpg (a) Includes Metrocities' family of companies. |
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