Raj Date has added another lending veteran to his growing financial advisory and investment firm, Fenway Summer.
The former No.2 of the Consumer Financial Protection Bureau said Thursday that he hired Mark Lefanowicz as chief executive of Fenway's mortgage venture. Lefanowicz has an extensive history in the consumer lending space, having been the chief executive of online lender, E-Loan, and chief financial officer of national wholesale mortgage lender, Provident Funding Associates. He was previously the senior vice president of internet lending at Springleaf Financial.
"Hiring Mark is a big milestone for Fenway Summer" Date said in a press release. "Recruiting an executive with such extensive financial, operational and credit expertise strengthens our firm immeasurably. Just as important, Mark shares our firm's deep-seated conviction that transparent products designed to serve consumers can be both profitable and sustainable."
In recent months, Date has made several new hires, including a handful of officials from the CFPB. Fenway Summer is partly intended to invest in mortgages that won't meet the CFPB's new Qualified Mortgage standards effective this January.