Lind is expected to remain involved with Acra until a new CEO has been identified. He had served as both CEO and chairman of the board at Acra since February 2020, after previously holding a managing director position at HPS. Lind has since returned to HPS in a senior leadership role.
To manage the transition, Acra has established an “office of the president” consisting of its five senior executives—the president, chief financial officer, managing director of business development, managing director of IT, and general counsel—who meet weekly to coordinate executive leadership.
Acra’s operations and growth
Acra, operating under the dba Citadel Servicing Corporation (CSC), specializes in non-qualified mortgage (non-QM) lending and has been originating loans since 2013. Acra rebranded its origination arm in 2021 following the 2020 acquisition of CSC by HPS.
In 2024, the company originated or acquired more than 7,000 loans with an unpaid principal balance of over $3.5 billion, up $1.2 billion from 2023. About 83% of these originations were through the wholesale channel, with correspondent and retail channels contributing 14% and 3%, respectively.
Headquartered in Irvine, California, Acra holds licenses across 47 states and the District of Columbia. The lender offers a range of products, including non-QM, fix and flip, bridge loans, jumbo prime, and a newly introduced platinum program targeting better-credit borrowers. Loan programs span full documentation, limited documentation, bank statement, ability-to-repay, and investor cash flow, among others.