National lender and servicer Pennymac announced the appointment of veteran mortgage leader Kevin Ryan as senior managing director, chief strategy officer. Ryan will soon join the company upon his exit from the role of president and chief financial officer at Better following a brief transitional period at his former employer. Ryan held his leadership positions at Better for the past five years, joining the company after serving as a managing director at Morgan Stanley, where he worked for over two decades.
Alongside Ryan’s new appointment, the Westlake Village, California-based home finance firm made two other key c-suite promotions, elevating Marshall Sebring to chief investment officer. In the role, Sebring will maintain oversight of enterprise investment strategy and market and interest-rate risk management. Prior to joining Pennymac in 2024, Sebring held roles at JPMorgan Chase and Blackrock.
Ascending to the position of Chief Enterprise Risk Officer, Shiva Iyer will take responsibility for audit and corporate finance activities, ensuring sound business practices to maintain compliance. He first joined Pennymac in 2016 after previously holding roles at Mitsubishi UFJ Financial Group and Bank of America.
