Philip Riccio Takes the Helm as CFO of Panorama Mortgage Group

Panorama Mortgage Group recently appointed Philip Riccio as its new Chief Financial Officer (CFO), marking a significant milestone for both Riccio and the organization. With an impressive background of over two decades in the mortgage sector, Riccio brings a wealth of knowledge in capital markets and financial management. His appointment is expected to enhance the strategic leadership of the company as it navigates the ever-evolving landscape of the mortgage industry.

Riccio's journey with Panorama Mortgage Group began in February 2022 when he took on the role of Senior Vice President of Capital Markets. Here, he played a pivotal role in managing essential operations such as trading, pricing, hedging, and investor relationships. His high-impact initiatives have notably improved operational efficiency, contributing to the creation of a correspondent/wholesale channel that achieves an impressive monthly volume of $70 million. In February 2024, he advanced to the position of Executive Vice President of Capital Markets and Third-party Originations, further solidifying his influence within the organization.

Having kickstarted his career in the mortgage industry back in 2002, Riccio acquired valuable experience in prominent roles across several notable firms, including Stearns Lending and Caliber Home Loans. His track record includes developing effective pricing models, deploying AI-driven strategies, and successfully building and mentoring high-performing teams. Known for his collaborative leadership approach, Riccio enhances team dynamics by providing support while encouraging accountability and innovation.

As CFO, Riccio's responsibilities will encompass overseeing all financial operations, ensuring accurate financial reporting, and driving strategic planning. His ability to dissect complex financial scenarios and leverage data for informed decision-making places the Panorama Mortgage Group on a trajectory for continued success amid market changes.

Beyond his professional endeavors, Riccio is a devoted baseball aficionado and an ardent supporter of the New York Yankees. He cherishes time spent with his family, including his three children, and actively engages in volunteer work at his local church.

Panorama Mortgage Group expresses confidence that Riccio's extensive expertise and visionary leadership will further their mission to provide exceptional service and pioneering solutions within the mortgage industry. Founded in Las Vegas, Nevada, Panorama Mortgage Group is committed to enhancing homeownership opportunities, especially for underrepresented communities. They offer a diverse range of loan products, focusing on personalized solutions tailored to meet the unique needs of each borrower. With a clear commitment to transparency and a client-first philosophy, Panorama remains dedicated to aiding individuals and families in achieving their homeownership aspirations.

Topics Financial Services & Investing)

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