American Pacific Mortgage names new CEO amid leadership transitions

American Pacific Mortgage (APM) announced on Friday a leadership transition as longtime chairman and former president and CEO Bill Lowman prepares to retire later this month after more than two decades with the company.

“Words cannot express how impactful Bill’s leadership, guidance, and commitment have been to this company for more than 20 years,” said Ned Payant, the current CEO of American Pacific Mortgage. “He has been instrumental in shaping APM’s foundation and long-term success. Along with everyone in the APM family, I am deeply grateful for his vision and tenacity over the years.”

Lowman will remain on APM’s board of directors, a company news release confirmed.

As part of the transition, Payant will assume the role of chairman of the board while maintaining oversight of the company’s strategic direction.

Dustin Sheppard, who currently serves as APM’s president, will step into the role of CEO and succeed Payant. Sheppard has been credited with advancing operational efficiency, driving strategic initiatives and strengthening APM’s culture of collaboration during his tenure.

“Dustin is an exceptional leader surrounded by an equally strong and experienced leadership team,” Payant said. “He embodies the core values of APM and has earned the trust and confidence of our employee-owners and partners alike. I have no doubt he will continue to lead this company forward with the same commitment to excellence and vision that have defined APM for more than 25 years.”

Licensed in 49 states, APM employs more than 2,700 people and operates nearly 300 branches nationwide, many of which do business under DBAs. Year to date, the company has produced $6.17 billion in mortgage volume, according to Modex data.