Open Mortgage Names Joe Stephenson President


Open Mortgage, a multi-channel mortgage lender, has named Joe Stephenson its new president.

The newly created position will oversee day-to-day mortgage lending operations for the company, with a strong focus on the company’s continued growth, allowing Open Mortgage founder and CEO, Scott Gordon, to continue to focus on its long-term strategic expansion, innovation and corporate culture.

“After much long-term planning and an extensive national search, we found a perfect fit in Joe. Not only will his nearly three decades of experience in independent mortgage banking and depository institutions serve Open Mortgage well, his strong leadership skills and warm demeanor will complement our family-like culture,” says Gordon.

Prior to joining Open Mortgage, Stephenson was the senior vice president of operations for American Advisors Group (AAG), where he led more than 550 employees supporting multiple sales channels, including wholesale, a centralized call center and a national distributed retail channel. In the three years with AAG, he was responsible for the infrastructure build out that included growing the operating platform 85% and implementing a national remote support strategy.

“I’m extremely excited to lead Open Mortgage and grateful to the executive team who has afforded me this opportunity,” states Stephenson. “The strong family culture of balancing personal and professional aspirations is in line with my core values. The company is well-positioned for future growth as it has built a strong foundation with an established national footprint over multiple distribution channels and products.”

During his 28-year career in financial services, Stephenson has held executive-level positions across multiple originations, operations and process design platforms for financial industry leaders including Morgan Stanley, Bank of America and Wells Fargo.

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