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DS News February 2020

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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15 "I am honored to be appointed by Director Calabria as the Chairman of CSS's Board of Directors. As Chairman, I will promote the modernization of America's housing finance infrastructure, with the goal of creating a more competitive, efficient, and lower cost housing finance market that preserves all Americans' access to mortgages," said CSS Chairman Giancarlo upon his appointment. "e Board will guide CSS as it supports the Enterprises' mortgage securitization activities, including continuing the development of the UMBS. Part of that development is assessing the impact and utilization of UMBS as a financial instrument and its attractiveness for additional entrants and guarantors, as well as examining its potential use for additional services related to securitizations and emerging digital technologies, including securitization tokenization using distributed ledger technology." "Chris Giancarlo is the right person to serve as independent Chairman of the CSS Board. Chris' unique balance of public service and financial sector experience will be an asset to CSS. Now is the time to add independent CSS Board members to assess and enable additional entrants onto the CSP. More competition means lower costs for consumers and a more liquid and stable housing finance market." —FHFA Director Dr. Mark Calabria L E N D E R S A N D S E R V I C E R S WELLS FARGO NAMES NEW RISK OFFICER Wells Fargo & Company announced that Price Sloan will join the company as Chief Strategic Enterprise Risk Officer. Sloan, a financial services industry veteran with extensive legal and risk management experience, will report to Chief Risk Officer Mandy Norton and be based in Charlotte, North Carolina. "Price brings extensive experience and leadership to this significant role," Norton said. "Price will be a vital part of my leadership team as we continue to strengthen our risk program." As Chief Strategic Enterprise Risk Officer, Sloan will oversee certain interrelated risks across the enterprise pertaining to business lines, corporate functions, and the company's strategic priorities. In addition, he will have responsibility for the oversight and strategic direction of critical enterprise risk programs and international risk oversight. Prior to joining Wells Fargo, Sloan held several leadership roles for TD Bank, including Head of Acquisition Integration and TD Ameritrade Bank Product Partnerships, President and CEO of TD Group U.S. Holdings, and Head of Enterprise and Operational Risk Management for TD Bank Group Toronto. "Price brings extensive experience and leadership to this significant role. Price will be a vital part of my leadership team as we continue to strengthen our risk program." —Mandy Norton, Chief Risk Officer, Wells Fargo S E R V I C E P R O V I D E R S QUESTSOFT NAMES NEW VP QuestSoft has named Jeff Robb as VP of Compliance Sales. Robb will be responsible for directing QuestSoft's sales of comprehensive products and services for its Compliance RELIEF platform. Robb's addition to QuestSoft represents the continuing development of the company's growth strategy. Recognizing the financial industry's need for advanced tools and services in the face of new compliance initiatives and best practices, Robb brings a wealth of industry knowledge and experience with specialties in Fair Lending, the Community Reinvestment Act, and HMDA. "I am looking forward to helping lenders improve processes and implement technology with QuestSoft's advanced data analysis software," Robb said. "To be able to work with such a large base of financial institutions on streamlining their operations and regulatory reporting is a terrific opportunity." Robb has close to 30 years of Banking and Regulatory Compliance experience, supporting hundreds of banks, credit unions, and mortgage companies by helping them analyze their lending data; identifying areas of risk and focal points for ongoing fair lending analysis; CRA self-assessments and assessment area reviews; HMDA data audits; best practices reviews for fair lending, HMDA, and CRA; business process analysis and recommendations for more efficient data processing; and to prepare for submission. Journal

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