Archive for the ‘Transitions’ Category

TMS Funding, the wholesale residential lending platform of Total Mortgage Services LLC, has announced the hiring of Robin Buttner and Stephen Jaser as wholesale account executives. Buttner and Jaser are being hired to develop new business relationships and consult, educate, train and support high quality mortgage brokers in their respective markets.Read more

Countdown To Buy, an innovative online real estate marketplace that offers fair and effective solutions to buy and sell properties, has announced it has received a silver Connecticut Quality Improvement Award Innovation Prize for the company’s unique online real estate transaction model and marketplace. “We are honored that Countdown To Buy was recognized alongside some of the best companies in the state by the Connecticut Quality Improvement Award committee, not only for vision and innovation but execution as well,” said Jim Hodson, chief executive officer of CountdoRead more

Iwayloan LP has announced that it has opened its first retail loan origination branch office in Pennsylvania. The company recently announced plans for expansion through the establishment of retail branch offices. “This is the first step of Iwayloan’s growth into selected markets” said Managing Director Larry Lobb. “We are particularly pleased to have Linda Bullington join us as Pennsylvania state manager. Linda brings a wealth of knowledge and experience to the position, and she is exactly the type of person we want as part of our team.”Read more

Williston Financial Group and its wholly owned subsidiary, WFG National Title Insurance Company, have opened their national headquarters in Lake Oswego, Ore. WFG is currently licensed and operating in 33 states nationwide. The company is a full-service provider of title insurance and real estate settlement services for lender, commercial and residential transactions.Read more

Allonhill, an independent third-party review firm specializing in mortgage due diligence and credit risk management, has announced the hiring of former Fidelity Southern Corporation executive Kathy Ireland as director of securitizations. "We are very pleased to add yet another industry veteran to our leadership team, to help guide Allonhill’s continued growth and fulfill our mission to reinvent the mortgage industry," said Sue Allon, chief executive officer and founder of Allonhill.Read more

Ocwen Loan Servicing LLC is reported to be purchasing HomEq Servicing, the mortgage servicing business of Barclays Capital, for $1.3 billion. Barclays will provide Ocwen, a subsidiary of Ocwen Financial Corporation (OCN), with $1 billion in secured financing and may help Ocwen to raise funding from third parties. The sale is slated to be finalized in the third quarter of 2010 following regulatory approval.

Under terms of the deal, Ocwen will receive the mortgage servicing rights and the servicing platform of HomEq Servicing. Read more

Freddie Mac has announced the appointment of Mike McRoberts as vice president of multifamily production and sales. In his new role, McRoberts will responsible for the origination and purchase of conventional multifamily loans nationwide, the Program Plus Seller/Servicer network and the four multifamily regional sales offices.Read more

Green River Capital, a real estate-owned (REO) asset management and loss mitigation provider for mortgage servicers, investment firms and banking institutions, has announced that it has launched a company that will focus exclusively on short sale program management, Green River Financial (GRF). In response to interest in this loss mitigation method, GRF is offering a pre-foreclosure short sale and deed-in-lieu program.Read more

First American CoreLogic, a member of The First American Corporation family of companies, has announced that Wells Fargo, one of the industry’s top mortgage originators, is implementing First American CoreLogic’s LoanSafe Fraud Manager. LoanSafe Fraud Manager is the mortgage industry’s most advanced fraud prevention technology solution designed to address the needs of lenders seeking to minimize loss from fraud and increase operational efficiency.Read more

Nationwide Title Clearing (NTC), a service provider to the mortgage and financial industry, has successfully completed the SAS-70 Type II audit for the second consecutive year. The Independent Service Auditor’s Report gave NTC its highest rating for controls that support its mortgage industry processing services.Read more