Tom Wind, CEO of Aurora Loan Services, once the premier mortgage banking arm of Lehman Brothers, is expected to step down from the lender/servicer some time this summer, according to officials familiar with the situation.
Wind, who joined ALS about four years ago from Chase Home Finance, a division of JPMorgan Chase, could not be reached for comment at press time.
ALS is now part of AuroraBank, FSB, a FDIC-insured depository. The bank and mortgage company were not part of Lehman's historic collapse and bankruptcy in 2008.
At the end of March ALS serviced roughly $91 billion of residential loans, ranking 12th nationwide according to figures compiled by this publication.
Aurora is once again funding new mortgages but its origination volumes are relatively small. It had hoped to start a correspondent lending program this spring, but the effort has not gotten off the ground.