RoundPoint Financial Group Names Kevin Brungardt as New CEO

- New Chief Executive Brings Extensive Experience and Significant Accomplishments to Leading Mortgage Firm -

Jun 15, 2010, 10:24 ET from RoundPoint Financial Group

CHARLOTTE, N.C., June 15 /PRNewswire/ -- RoundPoint Financial Group, a leading integrated mortgage servicing and origination firm announced today that it has named Kevin Brungardt as its new CEO.  Mr. Brungardt brings to RoundPoint over 15 years of broad executive leadership experience, directly managing all major functions of the mortgage business at the national level, including: Originations Operations, Special Servicing Operations, Secondary Marketing, Master Servicing, Real Estate Owned Operations, as well as the pricing and disposition of distressed assets.  

"I am thrilled to be joining the RoundPoint team," said Mr. Brungardt. "RoundPoint Financial Group is a leader in the industry and has a well-deserved reputation for an excellent, high-touch servicing approach supported by its unique proprietary software.  I'm looking forward to rolling up my sleeves and helping lead RoundPoint to even greater heights."

Prior to joining RoundPoint, Mr. Brungardt served as Managing Director for Citi Mortgage, the fourth largest lender in the U.S., where he was Head of National Fulfillment Operations.  Prior to Citi Mortgage, Mr. Brungardt worked as the Vice President for Fannie Mae for its National Servicing Organization.  While at Fannie Mae, Mr. Brungardt was part of a team that helped develop, implement and administer the Home Affordable Modification Program ("HAMP") as well as the Streamlined Modification Program.  He also was responsible for Fannie Mae's Servicing Asset Management group, a group responsible for overseeing Fannie Mae servicers' credit loss mitigation performance for its book of loans, which totaled nearly 18 million loans or $2.7 Trillion in principal balance. Mr. Brungardt holds a MS in Economics from the University of Texas at Dallas, a BBA in Finance from the University of North Texas and completed the Stanford Executive Program.

"After conducting an exhaustive search, we could not be more pleased to announce that Kevin will be joining RoundPoint," said Jefferson R. Voss, Director of RoundPoint Financial Group. "Our integrated platform focuses on special servicing, originations, capital markets and technology.  Kevin's broad executive experience touches on all areas of our business and makes him the best possible fit for the position.  We're confident that under Kevin's leadership, RoundPoint Financial Group will continue its strong growth as an industry leader."

ABOUT ROUNDPOINT FINANCIAL GROUP

Headquartered in Charlotte, North Carolina, RoundPoint Financial Group, Inc. is a fully integrated mortgage firm with four distinct subsidiaries focused on special servicing, asset management, originations and technology.  RoundPoint Mortgage Servicing Corporation is a national mortgage servicer approved by HUD, Freddie Mac and Fannie Mae.  RoundPoint Capital Group, Inc. is an asset management firm specializing in residential mortgage loans and structured transactions.  RoundPoint Mortgage Company originates mortgages across the country and has created special programs to assist financial institutions in refinancing their distressed assets.  SBX Technologies, Inc. is a leading edge technology company that creates innovative solutions for the mortgage banking industry with a focus on loss mitigation.

For more information, please visit:  www.roundpointfinancialgroup.com.

SOURCE RoundPoint Financial Group



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