Bruce Giacoma, Managing Director of Secondary and Capital Markets
Bruce Giacoma heads the Secondary Marketing Department for NewDay. Mr. Giacoma brings nearly 30 years of executive management experience in the mortgage banking industry to the Company. Prior to joining NewDay, Mr. Giacoma was the CEO of GM Capital Management LLC, a company that specialized in consulting for mortgage companies with secondary marketing, mergers, acquisitions, and warehouse financing needs. Before starting GM Capital Management, Mr. Giacoma was the Chairman and Co-Founder of Residential Mortgage Banking, where he oversaw the operation of six retail offices with approximately 130 employees.
Under Mr. Giacoma's leadership, Residential Mortgage Banking, Inc. reached a peak in originations of approximately $50m per month and built a servicing portfolio of approximately $650m. Mr. Giacoma sold Residential Mortgage Banking, Inc. to Roslyn Bancorp in 1995. Mr. Giacoma was also the Chairman and Founder of Keystone Mortgage Company, a full service mortgage banking firm based in Indianapolis, IN. Mr. Giacoma sold Keystone Mortgage Bank to Meridian Bancorp. Mr. Giacoma also served as the head of mortgage backed sales at two primary dealers. Prior to entering the mortgage and securities industries, Mr. Giacoma held sales and management positions at IBM.
Career Highlights:
- Nearly 30 years of executive management experience in mortgage banking
- Previously served as Chief Executive Officer of GM Capital Management, LLC
- Co-founded and sold Residential Mortgage Banking, Inc.
- Former chairman and founder of Keystone Mortgage Company
- U.S. Armed Forces Veteran – Vietnam War
