Amy Schumacher is the President of Originations and Corporate Technology at New Penn Financial.
Prior to New Penn Financial, Mrs. Schumacher was the Chief Operating Officer of Prospect Mortgage, the second-largest FHA 203K lender in the nation. In this role, Amy oversaw all aspects of the company’s operations, including Information Technology, Operations, Credit, Capital Markets, Training, Project Management, Analytics, Post Closing/Funding and Servicing. Prior to this position, Amy served as President of Correspondent Lending and Servicing.
Prior to Prospect Mortgage, Mrs. Schumacher formed Vantium Capital, Inc. and Vantium Capital Management with Apollo L.P., a leading private equity firm. As the CEO of Vantium Capital, whose primary focus was to assist Vantium Capital Management and third party asset owners realize value in distressed asset portfolios, Mrs. Brandt-Schumacher led the acquisition of special servicer, Acqura Loan Services and third party asset recovery firm, Strategic Recovery Group, both based in Dallas, TX.
Prior to Vantium Capital, Mrs. Schumacher was the President and CEO of WMC Mortgage, a GE Money Company. During her tenure at WMC, she led the reorganization of the business into one of the largest non-traditional mortgage companies with originations exceeding $3 billion per month. She also led the sale of the organization from Apollo L.P. to GE Money. Mrs. Schumacher is an expert in the mortgage and secondary market industry with diverse experience in origination, servicing and capital markets. She has led both turn-around efforts and start-ups to profitability, has spearheaded the sale of two companies and has participated in numerous capital markets transactions, creating tremendous shareholder value.
Mrs. Schumacher is the founder of the Residential Servicing Coalition and has served on numerous industry committees and panels including Housing Policy Council, Mortgage Bankers Association and Source Media. She also serves on the Board of Directors as Co-Chair of the Women’s Committee for the Institute of International Education’s Scholar Rescue Fund and she sits on the Board of Directors of the AmeriCatalyst Idea Lab. She has served on the boards of SourceCorp, Inc., Bluebeam Software, Inc. and other privately held companies.
Mrs. Schumacher is a graduate of the University of Southern California with a Degree in Political Science and Spanish and holds a Law Degree from Arizona State University.