JERSEY CITY, N.J., Aug. 21, 2025 /PRNewswire/ -- Franklin Credit Management Corporation (OTC Markets: FCRM), a New Jersey-based specialty mortgage and loan servicer, announced that it has reached an understanding with Dr. Sean Hundtofte to serve as the company's Chief Executive Officer and as a member of the company's board of directors. Dr. Hundtofte, a former Financial Economist at the Federal Reserve Bank of New York, previously held executive roles at Better.com, where he served as Chief Economist, Head of Credit Risk, and Head of Acquisitions.
Franklin Credit's Chairman and largest shareholder, Thomas Axon, praised the board of directors' decision to appoint Dr. Hundtofte as the company's CEO. "Sean's leadership, expertise and experience in the financial markets and credit risk management are second to none" remarked Mr. Axon in making the announcement. "Moreover," Mr. Axon continued, "his background at the Federal Reserve Bank of New York and his experience at Better.com are expected to provide valuable insights as the company continues to address the challenges and opportunities within the specialty finance sector." Mr. Axon noted that "Dr. Hundtofte's appointment as CEO is a renewal of the Company's mission and a significant step forward in our commitment to delivering maximum value to our clients while fostering a professional relationship with borrowers based on courtesy and integrity."
