PHH Corp. said today that it appointed Robert Crowl, executive vice president. He will assume the role of chief financial officer after the company has completed its 1Q12 financial reporting.
Crowl succeeds David Coles, who has been serving as interim CFO. He brings over 25 years of management and senior-level mortgage and banking experience and will be responsible for leading PHH’s financial and reporting functions.
He was most recently the executive vice president and CFO at Sun Bancorp and its wholly owned subsidiary Sun National Bank. There he had helped restore balance sheet strength and position the company for growth through private and public capital raises, executing multiple problem loan sales, and launching a series of performance improvement initiatives.
Crowl also spent more than a decade at National City Corp. where he helped reengineer the mortgage division and return the business to profitability. Additionally, during his tenure at National City, he held positions as senior vice president and corporate comptroller, and senior vice president of asset/liability and securitization manager.
“Crowl's extensive experience and expertise in the mortgage industry will make him an invaluable member of our team,” said Glen Messina, president and CEO of PHH. “I look forward to Rob being one of my key partners in executing our strategies, which are disciplined investment in mortgage private label solutions, mortgage realogy relationship and our fleet management business, operational excellence, an unwavering commitment to customer service, and liquidity, cash generation and deleveraging our balance sheet.”