DS News

» VISIT US ONLINE @ DSNEWS.COM 29 MGIC HIRES VP OF CORPORATE DEVELOPMENT Mortgage Guaranty Insurance Corporation (MGIC), the Milwaukee- headquartered mortgage insurance company, recently announced it appointed Michael E. Jacobson as VP of Corporate Development. In his new role, Jacobson will lead the development of mortgage credit enhancement solutions. Before joining MGIC, Jacobson spent 13 years at Milliman, Inc., of Brookfield, Wisconsin. In 2017, Jacobson received the Milliman Chairman's Innovation Award. "Mike has had great success working with a variety of participants to identify new opportunities in mortgage credit risk," said Sal Miosi, EVP of Business Strategy and Operations at MGIC. "His creativity and drive will be an invaluable asset to MGIC as we continue to advance our role in the industry. I am excited to bring Mike onto the team and look forwarding to working with him in his new role." NEIGHBORWORKS AMERICA APPOINTS NEW PRESIDENT AND CEO Washington, D.C.- headquartered national, nonpartisan, nonprofit NeighborWorks America announced the appointment of Marietta Rodriguez as President and CEO of NeighborWorks America. Rodriguez has been with NeighborWorks for 20 years and most recently worked as Interim SVP for National Initiatives, where she managed a national down payment assistance program. "NeighborWorks America is pleased to welcome Marietta into her new role," said Grovetta Gardineer, Chair of the NeighborWorks America's board of directors and Senior Deputy Comptroller for Compliance and Community Affairs at the Office of the Comptroller of the Currency. "Marietta brings a breadth of experience and knowledge to the position, with a proven record of leadership and accomplishment, and I look forward to working with her in this new role." XOME APPOINTS RAYMAN KAUR MATHODA AS CEO Dallas, Texas- headquartered Xome Holdings LLC, an indirect wholly owned subsidiary of WMIH Corp., announced the appointment of Rayman Kaur Mathoda as CEO. Mathoda will be responsible for all operations, with a goal of offering enhanced solutions and exceptional service to the company's clients. "Rayman brings a 20-year track record of success in the real estate market. She is a strategic thinker with operational savvy who is uniquely qualified to leverage technology, tools, and intellectual property to expand Xome's third-party exchange, title, valuation, and field services businesses," said Jay Bray, Chairman and CEO of WMIH Corp. "I'm thrilled to welcome her experience, energy, and leadership to Xome." CALYX SOFTWARE PROMOTES BOB DOUGHERTY TO EVP, BUSINESS DEVELOPMENT Mortgage industry veteran Bob Dougherty has been promoted to EVP of Business Development at California-based Calyx Software, taking the helm after predecessor Dennis Boggs retired on June 30 after 27 years with the company. "On behalf of everyone at Calyx, I want to thank Dennis for his numerous contributions, which helped our company grow from a small startup to a leading mortgage technology provider," said Doug Chang, Founder and CEO of Calyx Software. "As our industry evolves, it is critical to have a leader in place that not only understands mortgage technology but also the client-focused culture that drives our decision-making at Calyx. Bob's outstanding performance over the past two years, his experience as a mortgage lender, and his dedication to providing a high-quality customer experience will make this a smooth transition for our company and our clients." "As our industry evolves, it is critical to have a leader in place that not only understands mortgage technology, but also the client-focused culture that drives our decision-making at Calyx. Bob's outstanding performance over the past two years, his experience as a mortgage lender, and his dedication to providing a high-quality customer experience will make this a smooth transition for our company and our clients." —Doug Chang, Founder and CEO, Calyx Software VERUS MORTGAGE CAPITAL ADDS FIVE RESIDENTIAL MORTGAGE EXPERTS Verus Mortgage Capital (VMC), a non- QM correspondent investor backed by Invictus Capital Partners, announced the addition of new residential mortgage experts Ketan Parekh, Joseph Kohout, Michael Constas, Chana Gottlieb, and Xiaoxiao Overton. "Demand for short-term loans to finance professional home renovations has grown due to our nation's aging housing stock, tight inventory, and limited new construction," said Dane Smith, President of VMC. "Adding this expert team enhances our current non-QM operation and enables us to better serve our lending partners and their clients. As the market for home renovation loans evolves, it's important that RTL business is connected to a reliable securitization infrastructure." Smith added, "As a full-service correspondent investor, VMC is committed to building a robust non-QM portfolio for its correspondent partners, including renovation loan, bridge loan, and term rental programs." SERVICE PROVIDER JUSTIN VEDDER NAMED COO OF ORIGINATION SOLUTIONS AT ALTISOURCE Altisource Portfolio Solutions, a provider of services and technologies to the mortgage and real estate industries, announced the appointment of Justin Vedder as COO of its Originations Solutions business. In his new role, Vedder will be responsible for the growth of Altisource's Origination Solutions business, which brings together the integrated and consultative products, services, and solutions needed by mortgage market participants of all sizes throughout the loan origination and secondary market execution process. "With over 17 years of sales and management experience in the mortgage and insurance industries, Justin has a proven track record of driving business development, innovating new solutions for large and sophisticated clients, and exceeding revenue targets," said William Shepro, CEO of Altisource.

• Cover