LendingPoint, a U.S. provider of direct-to-consumer loans, has appointed Shawn Stone as its new CEO and board member. Stone succeeds Mark Lorimer, who served as interim CEO after the departure of co-founder and former CEO Tom Burnside in December.
Stone brings over 25 years of experience in lending and credit operations, including a long tenure at Mr. Cooper, the largest home loan servicer in the U.S. At Mr. Cooper, Stone held various leadership roles, including founding and leading its real estate and mortgage services subsidiary Xome. Most recently, he served as chief revenue and product officer.
Before joining LendingPoint, Stone was a senior advisor at Bayview Asset Management, a $20 billion-asset firm.
Founded in 2014 and based in Kennesaw, Georgia, LendingPoint operates an online loan origination and servicing platform focused on consumer lending. The company has originated over $9.5 billion in unsecured consumer loans to more than 700,000 borrowers, primarily for home improvements, debt consolidation, and credit card refinancing.
