David Abrahamson returns to Equity Prime Mortgage as CRO

Mortgage lender Equity Prime Mortgage (EPM) announced on Tuesday that it has appointed mortgage industry veteran David Abrahamson as its chief risk officer.

Abrahamson previously worked at EPM from 2010 to 2020, a period during which the lender said it expanded from a “primarily retail, refinance-focused organization” into a broader mortgage company with a growing branch model and wholesale channel. EPM now operates exclusively as a wholesale lender.

Abrahamson, who will be based at the company’s Atlanta headquarters and will work with EPM’s executive, credit, operations, compliance and underwriting teams, brings about 40 years of mortgage industry experience in risk management, operations, credit and sales.

“EPM has always felt like my home base,” Abrahamson said in a statement. “I have remained connected with Eddy and Phil over the years, and when the opportunity came to return, it felt like the right move at the right time. The company has changed dramatically, but the relationships, the vision and the opportunity to make a meaningful impact are still here.”

In his new role, Abrahamson will oversee the company’s risk management framework, including its credit, underwriting, regulatory compliance and investor-related functions.

“Effective risk management starts with meeting the expectations of every regulator and investor we work with, whether that is HUD, Fannie Mae, Freddie Mac, the CFPB, state regulators, or our capital markets partners,” Abrahamson said. “My responsibility is to understand exactly where we are today, identify where changes are needed, and help build the processes and accountability required to create long-term success.”

EPM Founder and CEO Eddy G. Perez Jr. said Abrahamson’s familiarity with the company made him a strong fit for the position.

“David understands EPM because he helped build EPM,” Perez said. “He knows our history, he knows our people, and he knows what strong risk management looks like inside this organization. Bringing him back is not about looking backward. It is about applying decades of experience to where we are going next.”

Perez said the appointment is part of the company’s effort to strengthen its leadership team and support future growth.

This article was written by Sarah Wolak and generated with the assistance of HousingWire Automation, then reviewed by a HousingWire editor before publication.