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Movers & Shakers CONTINUED FROM PAGE 35 CONTINUED FROM PAGE 35 ICON Welcomes New CFO and SVP of Service Management ICON Residential Lenders welcomed Jeffrey Lisinicchia, CPA, as CFO. Prior to his appointment with ICON, Lisinicchia worked as the CFO for Peak Corporate Network. He was also the CFO for Greenlight Financial Services and held various positions within GMAC Mortgage Corporation, including VP of finance for its DiTech division and CFO of its mortgage real estate investment trust (REIT). In addition, ICON Residential Lenders selected Sue Anthony as SVP of service management. She leads the IT division, which covers such areas as network administration and application development. Prior to joining ICON, Anthony worked at Global Logic Advisors. She also held various positions, including one as director, at First Franklin Financial Corporation. Assurant Property Advantage Adds Two to Marketing Team Assurant Property Advantage recently brought on two industry veterans to strengthen its marketing team. Lynn Effinger was hired as the business development manager. He has more than two decades in the default servicing industry. Prior to his new appointment, Effinger worked as a VP and REO manager for Great Western Bank, Washington Mutual, and Citicorp Trust Bank and held a position as SVP of Olympus Asset Management. Jay Halverson joined as an executive sales consultant. Halverson brings more than 25 years experience in sales with Fortune 500 companies in the retail and financial servicer sectors. Prior to joining Assurant Property Advantage, Halverson was in charge of business development and operations for the largest property preservation contractor in the Northwest. IMARC Announces Two Promotions IMARC announced the promotion of two employees. David Kittle was appointed executive VP of the Quality Control division at IMARC. He will still retain his title of senior director of industry relations. Kittle first joined IMARC in 2010 as senior director of industry relations. Prior to joining IMARC, he served as the chairman of the Mortgage Bankers Association in 2009 and on the association's board of directors for six years. From 1994 to 2006, he held a position as CEO of Associates Mortgage Group. Former manager Kate Simpson moved from a position as manager to director of client services. Simpson works with the operations and information technology teams to ensure current and future clients take full advantage of IMARC's proprietary QC software. Since Simpson joined IMARC in 2007, her responsibilities have included the analysis of delinquent loans and forensic file reviews. MLL&F Associate Honored with Missouri Bar's Legislative Award Martin, Leigh, Laws & Fritzlen, P.C. (MLL&F), announced one of its attorneys, Rep. Kevin J. McManus, was recognized with the Missouri Bar's 2012 Legislative Award. As a practicing attorney with MLL&F, Rep. McManus specializes in commercial litigation in federal and state courts. He also serves as a state representative for the 46th District in the Missouri House of Representatives. Platinum Data Adds Two Executives to Its Roster Platinum Data appointed a former CoreLogic executive to spearhead sales and marketing efforts. Brook Aguilar serves as Platinum Data's new SVP of sales and marketing for the mortgage lending channel. During her five years with CoreLogic, Aguilar assisted the company in building out a sales and marketing division. Prior to her position with CoreLogic, Aguilar worked at Goldman Sachs and Wells Fargo. Platinum Data also announced Nima Oreizy as the new chief technology officer. Oreizy has worked with Platinum Data for more than 10 years and created the platform for the company's RealView appraisal quality verification technology. Oreizy has more than 14 years' experience in computer technology, and his previous career experiences include work with Microsoft and Apple Computer. Long & Foster Announces New Hire and Brand Leadership Change Long & Foster Real Estate, Inc., appointed Lydia Martinez to serve as VP of human resources. Her prior work experience includes a leadership role in the George Washington University equal employment opportunity efforts. She also served as VP at Thompson Hospitality. Martinez earned her master's degree from the University of Puerto Rico. She further pursued a Juris Doctorate from American University's Washington College of Law. Long & Foster Real Estate also announced a change in leadership for its Lacaze Meredith real estate brand in Maryland. Terry Spahr replaced Rob Lacaze, who was president of Lacaze Meredith since 2006. Spahr assists the interim team at Lacaze Meredith and is also the regional manager of the Long & Foster brand for offices on Maryland's Eastern Shore, as well as in New Jersey and Delaware. Since the program's inception in 2009, FHFA reports, Fannie Mae and Freddie Mac have financed more than 1.6 million loans through HARP. Following FHFA's report on HARP refinances, Keefe, Bruyette & Woods (KBW) released its own analysis of the data and expressed anticipation for an even greater increase in non-HARP refinance activity. KBW explained FHFA data on HARP volume showed a 2.6 percent month-over-month increase in August, while non-HARP refinance activity for Fannie Mae and Freddie Mac was up 23.6 percent over the same period. KBW said it believes QE3 will lead to increased "organic refi," which would push down the share of HARP activity. Although FHFA's report showed 98,885 loans were refinanced through HARP in August, an increase from July's 96,371, KBW noted monthly declines in the share of HARP refinances. In August, for example, refinance activity accounted for 24 percent of all refinances, down from 27 percent in July and 33 percent in June. In its report, KBW stated, "Given the decline in mortgage rates, we believe that a pick-up in organic refi could lead to modestly lower percentages of HARP volume to total GSE refi in the coming quarters." KBW noted, however, "[W]e expect the absolute level of HARP volume to remain elevated over the coming quarters. We expect HARP activity to continue to contribute to strong industry gain-on-sale margins into 2013." STAT INSIGHT -12% Annual decline in government-owned REOs in Q3. Source: Calculated Risk Finance & Economics CONTINUED ON PAGE 37 36

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