New leadership appointed at OCMBC as executive faces murder and DUI charges
In a shocking turn of events, Serene Vernon, the president of the Irvine, California-based mortgage company Orange County Mortgage Bankers Corporation (OCMBC), has been put on administrative leave. The company announced this development in a recent press release, without providing further details about the reasons behind the decision.
John Hamel, the former Chief Capital Markets Officer, has stepped up to assume the role of president. According to his LinkedIn profile, Hamel joined OCMBC two years ago. In the press release, CEO Rabi Aziz expressed condolences and confidence in Hamel and the leadership team to guide the company forward during this challenging time.
The collision that led to these charges occurred in Dana Point. The Orange County Sheriff's Department confirmed the details of the incident, but no additional information about the legal proceedings against Serene Vernon was provided in the press release.
Melvin Joseph Weibel, an 88-year-old passenger in another vehicle, tragically lost his life as a result of the collision. Our thoughts are with the Weibel family during this difficult time.
Despite these developments, OCMBC remains fully operational with no expected disruptions to service. The press release did not mention any changes in the CEO's position at OCMBC or any financial implications for the company due to the situation.
OCMBC specialises in serving borrowers who don't meet traditional lending requirements. In recognition of their efforts, Scotsman Guide ranks OCMBC as the No. 2 non-qualified-mortgage lender.
However, due to the lack of detailed information in the press release and the scarcity of verified sources, the current status of OCMBC after the president's leave or its ranking cannot be determined. Similarly, no information about Serene Vernon's murder or DUI charges is found in the sources presented.
CEO Rabi Aziz has yet to provide any updates on the legal proceedings against Serene Vernon or the future direction of OCMBC. The company spokesperson did not provide any additional comment beyond the press release.
As this story develops, we will continue to monitor the situation and provide updates as more information becomes available. Our thoughts remain with all those affected by this tragic incident.
- The abrupt leave of Serene Vernon, the president of OCMBC, has sparked general-news discussions within the business and finance communities, given the company's prominent position as a specialised non-qualified-mortgage lender.
- Despite the Dana Point accident leading to possible crime-and-justice charges against Serene Vernon, the future of Orange County Mortgage Bankers Corporation (OCMBC) and its rankings remain uncertain, as no concrete details have been disclosed by the company or its officials.
