Open Mortgage, a multichannel mortgage lender, appointed Andrea Easter as its first chief compliance officer.
As head of the compliance department, she will manage all risk-related functions within the company, including overseeing the development and implementation of policies and procedures regarding state and federal regulations and agency requirements.
Easter will report directly to Open Mortgage President Joe Stephenson and will hold a fiduciary duty to the board of directors.
As chief compliance officer, Easter will work in collaboration with the other departments to monitor and assess compliance practices and ensure issues are addressed, investigated, and resolved. Easter will also be responsible for the facilitation of an annual risk assessment as well as internal and third-party audits and investigations.
Her duties will include keeping abreast of existing, new, and pending laws and regulations impacting the mortgage industry while maintaining relationships with industry leaders and federal and state regulators.
Most recently, Easter worked for Celebrity Home Loans, where she was promoted from vice president of compliance to deputy chief compliance officer. Prior to working at Celebrity Home Loans, she was a senior financial examiner of mortgage origination at N.C. Office of the Commissioner of Banks.
Easter has also held various mortgage compliance roles at Wells Fargo Home Mortgage, Daylight Discount Mortgage Corporation, and Headway Workforce Solutions for Genworth Financial Mortgage Insurance.