Hagen has an extensive financial services based background, most recently holding positions with Flagstone Lending Group and previously as Chief Financial Officer for Allied Home Mortgage. Prior to Allied, Hagen served as Chief Financial Officer for Denver’s Cherry Creek Mortgage. He entered the Financial Services arena in the 1980’s while serving as CFO for the National Republican Senatorial Committee in Washington DC. Hagen graduated from the University of Wisconsin. Hagen will be relocating from his home in Houston to Denver, the site of W.J. Bradley’s corporate offices.
“I am excited about joining W.J. Bradley; they have surrounded themselves with talented industry professionals and I’m looking forward to working with such a great team,” Hagen commented. Roy Browning, W.J. Bradley’s newly appointed CFO, stated, “We are very pleased that Jim chose to join us. He has a great background and a solid track record of success in the industry.”
W.J. Bradley was formed in 1999 by William J. Bradley and Chairman Joseph Cambi for the purpose of capitalizing on the residential mortgage banking industry by acquiring mid sized residential lending firms originating between $300 million and $2 Billion. The company has completed approximately nine acquisitions since 2005 and currently operates its branch structure under a net branching platform. As is the case with most private equity firms, Bradley’s goal is to position the company for a profitable sale once certain production thresholds are met, a timeline roughly estimated at 3-5 years. The companies controlled by W.J. Bradley Company Merchant Partners closed approximately $3 billion in 2007.
MSA President Tami Coffey commented, “We are thrilled about Jim’s appointment with W.J. Bradley. We interviewed several potential candidates for this opportunity; however Jim’s background and expertise with companies employing a similar structure to W.J. Bradley’s made him the front runner.” Mortgage Search and Acquisition (www.MSArecruiting.com) is an executive search firm dedicated solely to the financial services industry
For more information, please contact Tami Coffey (MSA) at 214-733-8989 or WJ Bradley at 303-825-5670.
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