LendingPoint Appoints Shawn Stone as New CEO Amid Leadership Transition
Veteran Lending Executive Shawn Stone Takes Charge as LendingPoint Charts a New Course
Share This
Experienced Industry Leader Takes the Helm as LendingPoint Embarks on a New Chapter
LendingPoint, a prominent US-based online lender known for its direct-to-consumer loans, has announced the appointment of Shawn Stone as its new CEO and board member. Stone succeeds Mark Lorimer, who has been serving as interim CEO following the departure of co-founder and former CEO Tom Burnside in December. This leadership transition marks a significant step in LendingPoint’s evolution as it continues to expand its presence in the consumer lending market.
Founded in 2014 and headquartered in Kennesaw, Georgia, LendingPoint operates a sophisticated online loan origination and servicing platform, focusing on unsecured consumer lending. Since its inception, the company has facilitated over $9.5 billion in loans to more than 700,000 borrowers, with the funds primarily utilized for home improvements, debt consolidation, and credit card refinancing.
Shawn Stone brings more than 25 years of experience in lending and credit operations to his new role at LendingPoint. His extensive background includes over two decades with Mr. Cooper, the largest home loan servicer in the United States, where he held various leadership roles. Notably, Stone served as the executive founder and president of Xome, a real estate and mortgage services subsidiary, and most recently as chief revenue and product officer.
Before joining LendingPoint, Stone was a senior advisor at Bayview Asset Management, overseeing assets totaling $20 billion. His strategic insight and leadership acumen were instrumental in guiding the company’s operations and growth. Stone’s experience and expertise are expected to drive LendingPoint’s mission forward, enhancing its service offerings and reinforcing its position in the competitive lending landscape.
As LendingPoint enters this new chapter under Stone’s leadership, the company remains committed to providing accessible and innovative financial solutions to its customers. With Stone at the helm, LendingPoint is poised to continue its growth trajectory and solidify its role as a leader in the consumer lending industry.
4o
