Nationstar Mortgage Holdings has appointed Mihir Patel as the company’s new chief risk officer.

Patel, who held risk-related leadership roles at Capital One Bank, will lead the enterprise-wide risk management functions at Nationstar. He will also be a member of the executive management team.

Mihir has extensive banking, legal, regulatory, and operational enterprise-wide risk management experience. Most recently, Patel worked for Capital One Bank where he held many senior executive leadership roles specifically related to enterprise and operational risk. Mihir also held senior executive leadership roles at PNC Bank and practiced corporate law at a top tier international law firm.

Former Chief Risk Officer Ramesh Lakshminarayanan is now serving as the chief business and analytics Officer and will continue reporting to CEO Jay Bray.