The top executive running HarborOne Bank’s mortgage operations is leaving the company.

Peter F. Makowiecki earlier this month resigned from his post as senior vice president of residential lending at HarborOne Bank and as president of HarborOne Mortgage LLC, a wholly owned subsidiary of the bank, according to a recent regulatory filing.

The filing does not specify a reason for Makowiecki’s departure, but does say that he will be entitled to receive severance totaling six months pay and a lump sum payment of $8,200. In addition, pursuant to the resignation agreement, Makowiecki provided the bank with a general release and agreed to certain confidentiality, non-disparagement and other covenants.

He has also agreed to provide up to a total of 40 hours of transitional services to the bank and HarborOne Mortgage during the six-month period following the resignation date.

Makowiecki joined HarborOne in 2013 after working as president and CEO of First Horizon Mortgage Group prior to its sale to MetLife Insurance. Makowiecki was made president of Merrimack Mortgage in 2017, a subsidiary of the bank that HarborOne acquired in 2015.

Eventually the bank would rebrand and roll all of its mortgage subsidiaries under the umbrella of HarborOne Mortgage.

HarborOne Bank’s Top Mortgage Executive to Resign

by Bram Berkowitz time to read: 1 min
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