Business is booming.

Open Mortgage names new president


Stephenson is an industry veteran who 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.

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.

“After much long-term planning and an extensive national search, we found a perfect fit in Joe,” said Gordon. “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.”

“I’m extremely excited to lead Open Mortgage and grateful to the executive team who has afforded me this opportunity,” said 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. I’m looking forward to rolling up my sleeves and joining the team as we make the turn into 2022.”


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