United Shore Financial Services Names Co-Chairman

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TROY — United Shore Financial Services, one of the nation’s largest and fastest growing mortgage lenders, announced that Mark Hammond will be joining as co-chairman.  Hammond will join Jeff Ishbia, current chairman and founder of USFS, in leading the 27-year-old company.

“Mark comes to USFS with years of industry knowledge and an unparalleled reputation for success,” said Jeff Ishbia.  “He is an expert when it comes to running and growing a family-owned company and how to transition it into a national powerhouse. His knowledge is invaluable.”

Hammond currently serves as Managing Partner of Alidade Capital, a Bloomfield Hills-based private equity firm. Hammond was part of the founding management team of Flagstar Bank, and served as CEO, President and Vice Chairman. Flagstar’s assets grew from a de novo bank to $16.8 billion under his tenure, and he led the institution successfully through several regional and national economic cycles.

“Mark is a highly respected and well-known leader in our industry. I look forward to the positive impact he will have on our company,” said Mat Ishbia, President of USFS.

“USFS shares my vision for how to run a successful, large company while retaining a small company feel,” Hammond said. “They have the type of family-friendly culture that I believe in, and I look forward to furthering their success as one of the fastest growing companies in our industry.”

Hammond is a graduate of the Wharton School of Business at the University of Pennsylvania, where he received a bachelor’s degree in 1987. He has served as an advisory board member for Fannie Mae, Freddie Mac, and Real Estate One. He has also served on the boards of United Way, Cranbrook Schools, Brother Rice High School, Mercy Place and Share-a-Smile. Hammond founded Share-a-Smile Foundation in 1999, which is a Michigan-based non-profit charitable organization that provides direct assistance to low income families for unforeseen hardships.

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