Atlanta, Georgia – November 5, 2017 – AmeriSave Mortgage Corporation announces that Robert J. (Bob) Smith has accepted the company’s offer of the position of President, replacing Ed Abufaris who recently announced he was leaving the company. Bob joined AmeriSave on November 1st and will be appointed President following receipt of necessary regulatory approvals.
Prior to joining AmeriSave, Smith was the National Operations Director for BNY Mellon’s mortgage group (NYSE: BK) and before that, he was President of Discover Home Loans (NYSE: DFS). AmeriSave announced in August 2015 it was opening an operations center in Louisville, Kentucky to absorb employees of Discover Home Loans, which has exited the marketplace. Smith was heavily involved in the transaction relating to Discover Home Loans’ Louisville operations.
“I am excited to join AmeriSave to continue the journey started by Patrick Markert (CEO) to simplify the mortgage process and keep our costs low, while continuing to provide our customers with the best in class service. AmeriSave’s technology and cost structure gives us an advantage over most other consumer direct and fin-tech players in the mortgage space, and the confluence of millennials and technology creates a tremendous opportunity for growth,” said Smith. “I am inheriting a great team and am humbled by the opportunity to lead them.”
“Bob brings decades of experience to AmeriSave and has worked with some of the finest institutions in the industry. We are confident that under Bob’s leadership we will drive forward, increase our share of the market and continue to be on the forefront of new technology development in the mortgage industry,” said Patrick Markert, Chief Executive Officer.
Apart from BNY Mellon and Discover, Smith spent almost two decades with Merrill Lynch Credit Corporation (NYSE: BAC) and PHH Mortgage (NYSE: PHH) where he held a number of senior positions including Head of Capital Markets, Chief Credit Officer and Head of Correspondent Lending. Smith received a bachelor’s degree from the University of New Hampshire and is a certified public accountant.