Mr. Cooper adds ex-Fannie Mae exec Andrew Bon Salle to board

Former Fannie Mae executive Andrew Bon Salle has joined Mr. Cooper Group’s board of directors, bringing his wide-ranging expertise in capital markets and technology to the mortgage servicing giant.

“Andrew’s exceptional track record in driving business strategy and transformation, combined with his extensive leadership experience in the mortgage industry, makes him an invaluable addition to our board,” said Jay Bray, chairman and CEO of Mr. Cooper, in a press release.

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Bon Salle previously was an executive vice president in Fannie’s single-family unit. His career at the government-sponsored enterprise spanned more than 28 years. As EVP, he oversaw the enterprise’s $3.5 trillion credit portfolio and business relationships it had with over 2,000 partners and clients. He also led the influential secondary-market loan buyer’s digital products division.

More recently, Bon Salle has served on the boards at Polly, an industry fintech, and mortgage bank Home Point Capital. He additionally was an independent director at Meridian Capital Group.

All told, Bon Salle has more than 30 years of experience in areas that include capital markets, risk management and securitization.

Bon Salle started at Fannie in November 1992, staying with the GSE through the Great Financial Crisis. He left in December 2020, later taking the position as chairman at Home Point in 2021. Mr. Cooper bought Home Point in 2023.

He joined Polly’s board in 2022, a few weeks after the company completed a Series B capital raise, and became an independent director at commercial real-estate finance firm Meridian Capital Group this year as part of a reorganization the company engaged in to restore GSE approvals disrupted by a broker scandal.