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Former Discover Home Loans exec becomes president of AmeriSave Mortgage

AmeriSave Mortgage Corp. named Robert Smith president.

He will replace Ed Abufaris, who recently announced that he is departing the company. Smith will be appointed when the company receives regulatory approval.

Smith most recently was national operations director of Bank of New York Mellon Corp.'s mortgage group and was president of Discover Home Loans prior to that role.

Smith helped lead AmeriSave's absorption of Discover Home Loans' Louisville, Ky., operations in August 2015. Discover Financial Services said in June 2015 it would shutter the home loan business because it was not projected to meet financial expectations.