HomeVestors® Names Mark Pape CFO

HomeVestors® of America, Inc., the company famous for its "We Buy Ugly Houses"® billboards, has hired Mark Pape as its chief financial officer, effective immediately. Pape replaces longtime executive C. F. Burley, who becomes Vice Chairman of HomeVestors.

Pape has enjoyed a long career in investment banking as well as senior management positions at public and private companies. He previously served as chief executive officer and chief financial officer of Dallas-based R.E. Technologies, a software technology venture that provides tools to the multifamily housing industry. Prior to that, he was a senior vice president and chief financial officer at LoanCity.com, a prominent e-commerce mortgage-banking company based in San Jose, Calif.

“Mark joins HomeVestors at a critical time in our development," said John P. Hayes, Ph.D., president and CEO of HomeVestors. "We now support more than 250 Franchises across the United States and part of our support includes providing financing to franchisees for the purpose of buying real estate. Mark's expertise in mortgage banking and the tools needed to support a financially-strong business model will help as HomeVestors continues to grow to the next level in our national expansion and brand dominance.”

Pape has more than four decades of career experience. He has been a certified public accountant since 1976. He currently holds additional positions as a board member and member of the audit committee for Affirmative Insurance Holdings, Inc., based in Addison, Texas, and he is a board member and chairman of the audit committee for the Center for Nonprofit Management.

Pape has a bachelor’s degree in government and economics from Harvard College, a master’s of science from Florida International University, and a master’s of business administration from Harvard.

About HomeVestors® of America, Inc.

Founded in 1989 and Franchising since 1996, Dallas-based HomeVestors® of America, Inc., has more than 250 franchises throughout the United States. The first Franchise company of its kind, HomeVestors® trains and supports franchisees who specialize in buying homes in need of repair. Most commonly known as the "We Buy Ugly Houses"® franchise, HomeVestors® strives to make a positive impact in each community.