Sandra Bell Joins Prospect Mortgage as CFO

SHERMAN OAKS, Calif., Nov. 1, 2012 /PRNewswire/ -- Sandra E. Bell has joined Prospect Mortgage, LLC ("Prospect" or the "Company") as Chief Financial Officer.  Ms. Bell will oversee all financial activities of the Company.  

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"The breadth and depth of Sandra's experience will be a tremendous asset for us as we continue to grow and diversify the Company's operations," said Ron Bergum, Prospect's Chief Executive Officer.  "She is a valuable addition to an already deep and experienced executive management team.  We are building a world-class organization and Sandra's participation further enhances our ability to execute our strategic vision."  

Ms. Bell brings almost 30 years of business experience in the financial services and energy industries, both as a public company Chief Financial Officer and investment banker.  Most recently, Ms. Bell has been providing strategic financial advisory services to senior executives and private equity investors in evaluating M&A opportunities, defining strategic decision frameworks, assessing capital execution strategies and supporting IPO preparation activities, including strategic consulting work performed for Prospect this year.  

Ms. Bell previously served as Chief Financial Officer of PHH Corporation, a publicly traded, multi-divisional financial services company engaged in the private label mortgage services and fleet management businesses.  While at PHH, her responsibilities included treasury, cash management and banking relationships, strategic planning, budgeting and forecasting, investor relations, accounting and public reporting, audit and tax.

Prior to PHH, Ms. Bell was the Chief Financial Officer of the Federal Home Loan Bank of Cincinnati from 2004 through 2006.  Her additional leadership positions include roles as Chief Financial Officer of two publicly registered companies, and more than 21 years on Wall Street financing energy companies, including a 13-year career at Deutsche Bank Securities.

"We are very pleased and fortunate to add Sandra to our dedicated team," said Bergum. "She brings the expertise necessary to help position the Company for the future."

Prospect Mortgage is a top ten national home purchase lender offering a full range of quality home loans, including FHA and VA, conventional, jumbo and super jumbo, renovation, and more. It is backed by Sterling Partners, a private equity firm with approximately $5 billion of assets under management and offices in Chicago, Baltimore, and Miami. For more information about Prospect Mortgage, visit www.MyProspectMortgage.com. Visit Prospect on Twitter at www.twitter.com/myprospectmtg and follow the company on Facebook at www.facebook.com/prospectmtg.

SOURCE Prospect Mortgage