Mortgage Broker Meridian Names Former Banking Regulator as CEO

Commercial mortgage broker Meridian Capital Group named former banking regulator Brian Brooks as its new chief executive officer and chairman as the company seeks to navigate increased scrutiny on the market.

Brian Brooks

Source: Brian Brooks

Brooks, a former acting comptroller of the currency, will replace Ralph Herzka, a Meridian co-founder who will take on a role as senior chairman, according to a statement Tuesday.

Meridian, a major broker in the market that’s worked with lenders including New York Community Bancorp Inc., has come under scrutiny from Fannie Mae and Freddie Mac, with the government-sponsored enterprises instituting a pause on doing business with ...