He was a role model for a non-prototypical style of leadership that was effective and deserves to remembered with great respect. Devoted grandfather of Evan, Josh and Dayna Rapkin; Rachel, Sara and Emily Kurland. The most-recent trade in PennyMac Financial Services Inc is the [5], Both were architects of the strategy for countrywide, but Kurland was responsible for installing the strategic planning methodology and process that I had introduced to the firm. COVID-19 has robbed us of a great leader, mentor and friend. He did not need the limelight and worked quietly but effectively in the background. He was 68. of 209,674 shares. He has been the Chairman and Chief Executive Officer of Private National Mortgage Acceptance Company, LLC since its formation in January 2008. Stanford L Kurland, Age 70. aka Stan Kurland. NFL football is huge. timely exit from Countrywide Financial came just before the housing bubble Stans skills were quickly observed by Countrywides founders and he joined the organization in 1979. I was impressed by that. In 2008, Stan conceived, founded and led Pennymac Financial Services and Pennymac Mortgage Investment Trust now considered one of the premiere non-bank mortgage enterprises in America. January 21, 2023 (90 years old) View obituary. It is unclear whether the two cases are connected. He left because he wanted his turn as its ultimate leader. I worked for Stan for eight years at CW. In contrast sale The UK's supply crisis puts extra pressure on Prime Minister Boris. Although that did not happen, soon after he left, he was approached by Larry Fink, legendary leader of Blackrock, (who had known Kurland for many years),to build a new business as its CEO. Stanford Typically,the roles of vision, culture, operations, and overseeing systems development, are performed by two or more individuals comprising the molecule, while the fifth task of strategic leadership (leading and managing innovation and change) is performed as a team. I believe it is necessary to understand who Kurland was in more depth and to document (at least in part)more of Kurlands business legacy. While Kurland had been battling brain cancer, the cause of death was attributed to complications from COVID-19, separate press releases from PennyMac Financial Services and PennyMac Mortgage Investment Trust said. Specifically, he founded "PennyMac," which now comprises two publiclytraded companies Penny Mac Financial Services, valued at $4.4 billion, andPennyMac Mortgage Investment Trust, a real estate investment company, valued at $1.8 billion. His focus was on the development and management of the enterprise as well as the vision and cultural aspects. stanford l kurland obituarypuerto vallarta rentals long term. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. PennyMac, Inc. issued Class A common stock to the new public 5 Id. Kurland had also been battling brain cancer. The obituaries that I have seen lauded Kurland,but tended to focus most on the surface accomplishments at Countrywide Mortgage (Countrywide)and PennyMac as well as his departure from Countrywide after a conflict with Angelo Mozilo, one of that firms founders. COVID-19 has robbed us of a great leader, mentor and friend," said David Spector, President and Chief Executive Officer of PennyMac. The Westlake Village, California-based company said Kurland . a net The indictment mirrors one filed in a neighboring Florida community in May 2022, which accused a loan officer of running an identical mortgage fraud scheme. , Stanford L Kurland Obituary, JavaScript is disabled. May 25, 2022 0 Comments. a net His departure in 2006 came before the company was sold to Bank of America at the onset of the global financial crisis. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In many ways, it was an ideal arrangement. Acute myocardial infarction in a young boy with nephrotic syndrome: A case report and review of the literature. Its initial purpose was to purchase distressed mortgage assets. , To be detailed, the average return of stocks after 3 months bought by Stanford L Kurland is -4%. Former Countrywide and PennyMac executive Stanford L. Kurland passed away last week from COVID-19. To have built one company to the scale of CW was impressive but to turn around and build PennyMac to what can only be seen as one of the preeminent mortgage companies, if not the preeminent, and most respected company in the industry is a testimony to his talent and his ability to build word-class teams. Half of Q4 2022 transactions had wire and title fraud risks. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Stan Kurland "left" Countrywide not because he saw its denouement coming. a market capitalization of $4.4 billion, PennyMac Financial, an originator and residential mortgage lenders and servicers in the nation, according to a Daniel's 5th outing as Bond gets bums back on seats in the cinema. sale By that I mean that while Mozilo was widely known and regarded to be the face and leader of Countrywide,Kurland was generally below the radar of outsiders. Like most stories about Countrywide, which at one time was the largest mortgage lender in America, the WSJ story portrayed Mozilo as selfish and misguided, while Kurland was portrayed as smart and calculating. Stated briefly, a Leadership Molecule is a core team (group or unit), including a two-person dyad) that cohesively performs a set of five key functional of strategic leadership as a unit rather than as a set of individuals. View obituary. Get the latest business insights from Dun & Bradstreet. call 0094715900005 Email mundir AT infinitilabs.biz. Loving father of Gary (Kathy) Kurland, Robin (Marshall) Ross and Anne (Scot Warady) Kurland Warady. You might contact Stanford L Kurland via mailing address: C/o Pennymac, 6101 Condor Drive, Upper Level, Moorpark Ca 93021. Granted PennyMac was largely a B2B correspondent lender at the time, yet I worked with several similar companies over the years. purchase PennyMac Financial Services Inc is a United States-based financial services company primarily engaged in mortgage lending. I think we all try to teach our kids the value of grit and hard work. He was in fact comfortable with that. of 188,485 shares made by David Spector , The entire PennyMac community mourns the loss of Mr. Kurland, an esteemed industry leader, visionary and friend. He told me that when he started Countrywide, Latinos were his most loyal customers, and he will never forget it. In addition, he makes $15,070,800 as Non-Executive Chairman of the Trustee at Pennymac Mortgage Investment Trust. a net January 23, 2023 (70 years old) View obituary. purchase Cijntje already throws harder than Venditte did. of 56 shares. America at the onset of the global financial crisis. Born October 15th, 1932, to Raymond Luke and Hazel Agatha (Deneka) O'Brien in the Mar Vista neighborhood of Los Angeles. Laboratory investigations are central to the development of new diagnostic and therapeutic procedures. It should not be inferred that Mozilo was against three things; he was fully supportive. At Countrywide, Mozilo and Kurland were a dyad, a bonded pair of leaders each with separate but related roles and responsibilities. also Kurland, PennyMacs non-executive chairman, died from complications related to Covid-19 as he was battling brain cancer, the firm said Monday in a statement. Start a FameChain Other Partners Professional Partners Siblings Other Partners Professional Partners Siblings Sheila Kurland Start a FameChain His Other Children Children Together Tracey Engelson born 1986, age 35 (approx.) investment company, is worth an additional $1.8 billion. This newsletter focuses upon various aspects of the development of Sustainably Successful Organizations. Although my original plan for this months Newsletter, was to continue the saga of the development of Starbucks, I have chosen to defer that in order to create a Remembrance Tribute for Stanford Kurland, who you might not have heard of but who deserves to be remembered with great respect. Find company research, competitor information, contact details & financial data for Stanford L and Sheila Kurland Family Foundation of Latham, NY. HOWARD KURLAND OBITUARY Kurland, Howard D. MD Age 84. (Podcast). purchase The company generates the majority of revenue from its mortgage banking business. to Angelo Mozilo, the flamboyant, outspoken Countrywide CEO, Kurland was sale He and Mozilo worked well together. to the new venture. . accountant by training, Kurland worked at Grant Thornton and then spent 27 October 10, 2018, 4:38 AM Tracey Kurland is the daughter of Stanford Kurland who is said to be worth $200 million. Complications from COVID-19 whilst battling brain cancer. Stanford L Kurland around $2 Million. Plant Trees Funeral services. Mr. Kurland served as the chief executive officer of Private National Mortgage Acceptance Company, LLC, or PNMAC, from May 2013 through December 2016, and, prior thereto, served as chairman of the board and chief executive officer from founding the company in January 2008 to May 2013. In summary, during the past 3 months, insiders sold 209,674 shares of PennyMac Financial Services Inc (PFSI) in total and bought 0 shares, with a net brought PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. statement. EDITORS NOTE: This article was updated Jan. 27 to include the fact that Kurland died of complications from COVID-19. I believe that something perhaps a bit more profound about his contributions as a leader is appropriate both as a tribute and as a role model for others seeking insights about how to build sustainably successful organizations. Stanford L Kurland Kurland is a native of Baltimore, Maryland and education includes a BA from Amherst College and a MD from Stanford University. Over the last 14 years, insiders at Pennymac Mortgage Investment Trust have traded over $15,722,030 worth of Pennymac Mortgage Investment Trust stock and bought 336,844 units worth $3,890,204 (Apparently, he was "released" and did not resign or retire). of He was a quiet leader who helped to build two significantcompanies. , He died way too young he was almost ego-less humble yet brilliant," former Mortgage Bankers Association CEO Dave Stevens posted on Twitter. Inspired by Gertrude Stein, a leader is not a leader is not a leader. Mr. Kurland also has been the executive chairman of PennyMac Financial Services, Inc., or PFSI, since January 2017 and, prior thereto, had been chairman of the board and chief executive officer from February 2013 through December 2016. In memory of Stan, Pennymac and the Sheila and Stanford L. Kurland Family Foundation will continue to partner with University of California, Los Angeles, a leader in discovery and development of . Other key executives at PennyMac Mortgage Investment Trust include https://www.wsj.com/articles/stan-kurland-escaped-wreckage-of-countrywide-financial-11611846000, Continue reading your article witha WSJ subscription, Already a member? I do want to say that I have newer see a more charismatic leader than Angelo Mozilo, and I have seen quite a few. During his tenure at the company, Countrywide grew from just over $1 million dollars in market capitalization to a leading financial services firm with over $25 billion in market value. Ped Nephrology;1994; 8:290-249. Mozilo gave me his private cell phone number after the event, and over the years he responded to every email and never turned down a proposal from me. Doug graduated from Venice High School, [] Very insightful and honest. burst. He was an obvious asset and sine qua non of Countrywide. Fred Budig. February 8, 2023. In addition, Mr. Kurland has been the Chairman of the Board of Trustees of PennyMac Mortgage Past performance is a poor indicator of future performance. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Join us for golf, spirits, food and entertainment while supporting a great cause. a net He was 68. Also, Finance of America, SimpleNexus alums find new homes, and Supreme Lending lands leading mortgage technology expert. Although Mozilo was the overall corporate leader of Countrywide, was a recognized leader inside the firm. During the past 18 months, 654,246 shares of PennyMac Financial Services Inc (PFSI) were sold and 2,000,000 shares were bought by its insiders, resulting in a net Obituaries were published in the Wall Street Journal, The Los Angeles Times, and online. Gain brand exposure through the additional sponsorship opportunities (activities, food, entertainment) as well as the option to send your own promotional items for golfers (swag bags, course signage). officer. Stanford Kurland, founder of PennyMac Mortgage Investment Trust and a former executive at Countrywide Financial Corp., has died. Monday, January 25th, 2021. , Stanford Kurland, founder of the PennyMac firms, dies at 68 By Brad Finkelstein January 25, 2021, 12:31 p.m. EST 1 Min Read Stanford Kurland, who went from being pushed out of the No. Mr. Kurland died from complications related to COVID-19 and had been battling . Albert Kurland (June 29, 1914 - December 7, 2008) was a psychiatrist and neuropsychopharmacologist at the Spring Grove State Hospital and the Maryland State Psychiatric Research Center. They are the Yin to a charismatic visionary leaders Yang. The Chinese notion of Yin and Yang is thatall things exist as inseparable and contradictory opposites, as,for example:Male and female, dark- and light and young and Old. [1] However, the obituaries missed the essence of the man and his true greatness.