Roseville, CA — February 7, 2023 — American Pacific Mortgage (APM) today announced three executive leadership changes that will go into effect February 15.
Current APM CEO Bill Lowman will move to the newly created position of vice chairman, President Ned Payant will be promoted to chief executive officer, and Executive Vice President Dustin Sheppard will be promoted to president.
In his new role as vice chairman, Lowman will focus on APM’s strategy and direction, balance sheet and P&L management, key counterparty relationships, company M&A activity, and his work on the Board of Directors of the Mortgage Bankers Association and the California MBA.
“For several years, we have been very intentional about succession planning at the executive leadership level,” Lowman said. “We believe these changes position American Pacific Mortgage for continued growth and stability.”
The incoming CEO, Payant, has more than 30 years of experience, including the past 12 at APM, where he has served as SVP of Operations, EVP of Production, and most recently as president. Payant will run the day-to-day operations of APM.
“I’m humbled and excited for the opportunity to lead this great company, and I appreciate the incredible leadership team at APM,” Payant said. “The mission of this organization does not change. We are here to serve our loan officers, branch managers, and all the skilled and dedicated employees of our employee-owned company.”
Sheppard, the incoming president, brings 22 years of industry experience, having come through the ranks as a loan officer, branch manager, regional manager, and most recently EVP of National Production. With his keen sense of sales and loan originations, Sheppard will focus primarily on driving company production and supporting APM’s 400-plus branches with the critical resources and tools they need to thrive in the marketplace.
“I’ve been blessed with 20-plus years of mentorship by Kurt Reisig and Bill Lowman, along with many others,” Sheppard said. “I’m excited about the opportunities and the challenges this new role poses.”
Reisig will remain chairman and continue to be actively involved with the overall financial wellness of APM, key counterparty relationships, ESOP management, APMCares, and other strategic opportunities, including M&A.
“Both Bill and I will remain directly linked to Ned and Dustin on a day-to-day basis,” Reisig said. “We believe these changes better position APM for growth, and we have full confidence in them and in the rest of our executive leadership team.”
About American Pacific Mortgage
American Pacific Mortgage was founded in 1996 and is a national independently owned and operated retail mortgage lender known for Creating Experiences That Matter™ for our people and our customers. Based in Roseville, California, APM is a top-ranked mortgage lender in the U.S. and wins multiple awards annually, including Top Mortgage Lender, Most Loved Employer, and Top Places to Work. APM is 49% employee-owned through an employee stock ownership plan, a distinguishing difference that creates long-term savings for those who stay with the company. It is licensed in 49 states, employs more than 3,600 people, and has over 240 branches, many of which operate under their own DBA names. APM’s rallying cry is to be 100% focused on our originators and branch managers, because when they look good, our customers reap the benefits. APM’s charitable entity, APMCares, is entirely funded and run by employees and supports an array of organizations throughout the country with funds and volunteer hours, as well as assistance for employees who are struggling due to a medical, financial, or bereavement hardship. For more information about APM, visit www.APMortgage.com.
Melissa Wright, Chief Sales & Marketing Officer