Management Biographies

Tom Millon is one of the top secondary marketing executives in the U.S. mortgage business, with over fifteen years of mortgage experience and extensive relationships throughout the industry. Mr. Millon is a recognized expert and frequent author and speaker in the field of mortgage finance. Mr. Millon holds the Chartered Financial Analyst (CFA) and the Certified Mortgage Banker (CMB) designations.

Mr. Millon graduated from the Wharton School of Business of the University of Pennsylvania in May 1986. He is NASD Series 3 licensed and a member of the Mortgage Bankers Association, the National Futures Association, the Association for Investment Management and Research, and the Security Analysts Society of San Francisco. He also serves on the board of three financial companies.

October 2003 to Present: Mr. Millon is the President and Founder of the Capital Markets Cooperative (CMC), and is the President of CMC's futures trading subsidiary. CMC provides a full range of capital markets services and cooperative pricing arrangements to mid-sized mortgage bankers. For its national client base, CMC consolidates mortgage production and creates better execution. Managing billions in mortgage production, CMC uses secondary marketing expertise to increase member profits and to protect its members from risk. CMC is expert in the management of ARM and Alt-A mortgage products.

March 1999 to October 2003: Mr. Millon was the Director of Capital Markets for Ohio Mortgage Banking, one of the top ten wholesale mortgage bankers in the U.S. Mr. Millon built an industry-leading capital markets group at Ohio, and Ohio's origination volume quintupled to $30 billion during his tenure. Mr. Millon was also the architect of the pricing and capital markets models that drive Ohio’s Gemstone website, which won Mortgage Banking Magazine’s Website of the Year Award in 2003.

March 1991 to February 1999: Mr. Millon was a Partner, Managing Director, and member of the Board of Directors of Tuttle & Company, a leading risk management and securities trading firm. Mr. Millon helped build the firm, which specialized in managing optional interest rate risk for mortgage originators, from five employees and a handful of clients to over 100 employees and a client base consisting of many of the largest banking institutions in the U.S. Just prior to the firm’s sale in 1999, Mr. Millon’s trading desk managed over 10% of the entire U.S. mortgage industry’s origination volume. Mr. Millon was responsible for the institutional client base and billions of dollars of risk capital. in 1999, the Microsoft Corporation acquired Tuttle & Co.

April 1988 to March 1991: Mr. Millon was an independent member of the Chicago Board of Trade, where he was an options market-maker on the floor of the exchange. Mr. Millon manged a trading book of financial futures and options positions, and was an advisor and broker to Morton Investments, an international hedge fund.

July 1986 to January 1988: Mr. Millon was employed by the institutional sales and trading division of Merrill Lynch Capital Markets in New York City, where he was trained in the trading of cash and derivative instruments.

Jeff Harry is one of the top capital markets executives in the U.S. mortgage business. He is a leading expert in the sale of loans to end investor banks, REITs, and portfolio investors. Mr. Harry has spent over fifteen years in the mortgage industry achieving better execution for clients in the capital markets.

February 2005 to Present: Mr. Harry is the Executive Vice President and Principal of the Capital Markets Cooperative(CMC), a firm that leverages its cooperative power and secondary marketing expertise to improve execution and increase individual member profitability.

November 2000 to February 2005: Mr. Harry was a SVP and National Sales Manager for the ABN-AMRO Mortgage Capital Markets Group, a division of ABN AMRO Mortgage Group, which included all of the mortgage operations of ABN AMRO North America.

January 2000 to November 2000: Mr. Harry was a Vice President with E-Trade Capital Markets.

September 1993 to January 2000: Mr. Harry was a Senior Partner at Tuttle & Company, a leading risk management and securities trading firm.

January 1989 to June 1991: Mr. Harry was an associate with Bank of America Capital Markets.

Mr. Harry is a graduate of the University of Texas with a Bachelors of Business Administration in Finance and Marketing and also has a Masters in Business Administration from the University of North Texas. He is a member of the Mortgage Bankers Association and the National Futures Association. Mr. Harry holds a series 7 and series 63 security license.

Kent Saari is one of the top capital markets executives in the U.S. Mortgage industry, with over 20 years of mortgage banking experience. He is an expert in mortgage interest rate risk management, delivery optimization & mortgage pipeline and warehouse management. 

2006 to Present: Mr. Saari is the Chief Operating Officer of the Capital Markets Cooperative (CMC), a firm that leverages its cooperative power and secondary marketing expertise to improve execution and increase individual member profitability.

1992 to 2006: Mr. Saari was the Senior Vice President of Secondary Marketing and Loan Delivery for Waterfield Financial Corporation/Union Federal Bank where he was responsible for annual origination volume growth from less than $1 billion to an excess of $11 billion.

1989 to 1993: Mr. Saari was the Senior Vice President and Director of Information Systems for Waterfield Mortgage Company. Mr. Saari was responsible for the design, development, and implementation of and training for loan origination and processing systems, secondary marketing, loan delivery and accounting systems that are still in use today.

1985 to 1989: Mr. Saari was the Vice President and Director of Information Systems at Alliance Mortgage Company where he created the Company’s first professional Information Systems Department. This technology migration from complete dependency on out-sourcing and service bureaus to total in-house processing was strategic to become a dominate mortgage lender.

1976 to 1985: Mr. Saari was Recruited from college into an Advanced Degree Program designed to expose promising new employees to various segments of Owen-Illinois, a Fortune 25 multi national Corporation where he became the MIS Director for Owens-Illinois, Inc.

Mr. Saari is a graduate of the University of Toledo with a Bachelor of Business Administration in Economics and he also has a Masters in Business Administration from the University of Toledo. He is a member of the Mortgage Bankers Association.

Andy Mignerey's experience in mortgage related activities and technology systems makes him one of the most highly respected executives in his field.

2003 to Present: Mr. Mignerey is the Chief Technology / Information Officer and Trade Desk Manager of the Capital Markets Cooperative.  He is responsible for the design, development and implementation of the company’s infrastructure and core processing technologies as well as the day to day transactions of our Trade Desk. Mr. Mignerey helped build the firm from three employees and a handful of clients to over 40 clients today. His role with the Trade Desk allows him to oversee billions of dollars of loan production across the client base. 

1998 to 2003: While working with Everhome Mortgage Company, previously known as Alliance Mortgage Company, Mr. Mignerey was asked to serve in multiple positions throughout the company. These roles included a short stay in the company's process improvement and special projects team and the Secondary Marketing department. Following Secondary, he transitioned to the Loan Servicing Division of Everhome where he helped analyze and grow the servicing portfolio. His last role with Everhome was in the Loan Production Division where he managed multiple technology products for the various loan production channels.

Mr. Mignerey graduated from Clemson University with a Bachelors of Science degree in Business and also holds a Masters in Business Administration from Jacksonville University. He is a member of the Mortgage Bankers Association.

Mike Cook is one of the top executives in the U.S. mortgage industry. His experience in all mortgage related activities, including underwriting, pricing, hedging, delivery, servicing and sales, makes him one of the most highly respected executives in his field.

February 2006 to Present: Mr. Cook is the National Accounts Manager and Senior Vice President of the Capital Markets Cooperative, a firm that leverages its cooperative power and secondary marketing expertise to improve execution and increase individual member profitability.

October 2003 to January 2006: Mr. Cook was a Correspondent Account Executive for Washington Mutual Bank where he was responsible for new business development and existing account management.

August 2002 to October 2003: Mr. Cook was an Account Executive with Interfirst/ABN-AMRO where he was responsible for new business development of both Correspondent and Wholesale Accounts. 

March 2002 to August 2002: Mr. Cook was the West Coast Business Development Manager for Ohio Savings Bank where he was responsible for business development of both broker and correspondent lenders. Through an offering of technology, products and pricing, Mr. Cook increased the regions’ business by 186%.

July 1997 to March 2002: Mr. Cook was the Senior Customer Account Manager at Fannie Mae where he was responsible for all customer requests and worked closely with various internal divisions to facilitate new business ideas and product management.

January 1992 to July 1997: Mr. Cook was a Limited Partner at Tuttle & Company, a leading risk management and securities trading firm. 

August 1986 to January 1992: Mr. Cook was Vice President of American Savings Bank where he assisted in managing one of the nations’ largest mortgage backed securities portfolio, consisting of CMO’s, Treasury Securities and Commercial Paper. 

Mr. Cook graduated from California State University at Fullerton with a Bachelors of Arts, with a concentration in Finance and also has a Masters in Business Administration from John F. Kennedy University School of Management. Mr. Cook holds a NASD Series 3 license, is a member of the Mortgage Bankers Association and the National Futures Association.