Pennymac announced that Kevin Ryan will assume the role of chief financial officer effective January 1, 2027. Ryan currently serves as chief strategy officer and will continue to lead the strategy and business development teams in his new role. Current chief financial officer Daniel Perotti will continue to support the company in an advisory role through the first quarter of 2027.
Chicago-based fintech company Rate announced that David Cline has joined the organization as vice president of mortgage lending, bringing an established national business serving professional athletes, high-net-worth individuals and luxury homebuyers. Cline consistently funds more than $100 million in annual production volume and has built a specialized mortgage business serving athletes, as well as executives and multigenerational wealthy families. His business spans luxury and professional sports markets nationwide, with particularly strong relationships in Miami, Dallas, Nashville, Tennessee, and Colorado. He joins Rate after 18 years at U.S. Bank.
