Sprout Mortgage, the leading nationwide force in non-QM residential lending, has announced the appointment of their new chief compliance officer and general counsel.
Gregory Walker takes over the position from Shannon Leight, who moves to the newly created position of chief compliance officer and general counsel for Sprout Lending LLC. Both moves are effective immediately and both executives are based at Sprout’s East Meadow, NY, headquarters.
Michael Strauss, president of Sprout Mortgage commented: “As Sprout continues to expand and strengthen its team to solidify our position as the leading, innovative force in non-QM lending, Gregory brings a depth of experience that will help [us accelerate] our strategic expansion plan.”
Mr Walker brings to Sprout more than three decades of legal experience in mortgage financing and securitisation. He most recently served as special counsel at Impac Mortgage Company and previously was chief compliance officer and general counsel at Towne Mortgage Company.
Mr Walker graduated from Fordham University School of Law and holds a bachelor of science degree from Georgetown University School of Foreign Service. He was admitted to the New York Bar in 1989 and is newly admitted to the California Bar as registered in-house counsel.
Early in his career, Mr Walker was a senior ratings analyst at Moody’s Investors Service. Mr Walker practiced law at Cravath, Swaine & Moore, at Brown & Wood, and had his own private practice.
Mr Walker began his counsel career when he was in-house counsel at Credit Suisse Securities (USA) LLC. Soon after he was managing director and counsel at UBS AG, and executive director and counsel at Morgan Stanley.
“I’m very pleased to join Sprout and look forward to serving as general counsel as the firm continues its proud impressive growth to become the dominant non-QM lender,” Mr Walker said.