Citicorp Mortgage has tapped Tom Wind, formerly of Norwest Mortgage, as its new chief financial officer.
Mr. Wind will report to a former colleague, David Lowman, president and chief operating officer of Citicorp's St. Louis-based mortgage unit. The two worked together at Prudential Home Mortgage until it was purchased by Norwest Mortgage in 1996.
Mr. Wind fills the vacancy left by Robert Franzen.
The appointment followed a series of high-level departures at Citicorp Mortgage this year. Richard Thornberry, the former president and chief operating officer, quit in March; he was followed by capital markets chief Jerry Halbrook and correspondent lending head Don Daniel. All three had also come from Prudential Home Mortgage.
Mr. Wind resigned from Norwest Mortgage on July 2. He will stay in St. Louis, where he ran Norwest Mortgage's trading desk for the last two years, and will start his new job at the end of the month.
Reached Monday, he said his move was for personal reasons, declining to elaborate.
James Svinth, another Prudential Home Mortgage alumnus, left Norwest in January for Wilshire Financial Services Group Inc. in Portland, Ore. Mr. Svinth had been in charge of structured finance and product development.
Mr. Wind, then a group senior vice president in charge of hedging, was promoted to executive vice president and added Mr. Svinth's responsibilities.
"We'll be announcing a successor at a later date," Norwest Mortgage spokesman Dan Frahm said Monday.
Meanwhile, Norwest Mortgage named James Engelhardt to a new position, executive vice president for credit risk management.
Mr. Engelhardt comes from Amerin Guaranty Corp., Chicago, where he was executive vice president and risk management director.
In his new position he will oversee credit policy and analysis and automated underwriting for Norwest's retail, broker, and correspondent lending channels. Mr. Engelhardt will start July 13.
Mr. Engelhardt worked at Amerin since it was founded in 1992. Before that he worked for Mortgage Guaranty Insurance Corp.
