DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
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25 Flagstar Bancorp, Inc. is a $29.5 billion savings and loan holding company headquartered in Troy, Michigan. It provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 87 retail locations in 29 states, representing the combined retail branches of Flagstar and its Opes Advisors mortgage division. FORMER FANNIE MAE EXEC NAMED HOME POINT CAPITAL CHAIR Home Point Capital announced the appointment of mortgage industry veteran Andrew Bon Salle as its Chairman of the Board. Bon Salle joins Home Point Capital following a nearly 30-year tenure at Fannie Mae, where he most recently served as EVP of Single-Family Business. In that role, he managed customer engagement, the performance of the company's credit portfolio, and oversaw all single-family capital markets activities. During his time at Fannie Mae, Bon Salle also guided the company's credit risk management and pricing strategies, and managed lender execution services such as mortgage- backed securities, structured product sales and trading, whole loan acquisition and conduit activities, and early funding transactions. "We are thrilled to have someone of Andrew's pedigree as our Chairman of the Board," said Willie Newman, Founder and CEO of Home Point Capital. "Andrew is a great addition to our veteran executive leadership team, and we believe his vast industry experience provides Home Point Capital with another proven leader who will greatly benefit our company as it continues to evolve." "Andrew is a great addition to our veteran executive leadership team, and we believe his vast industry experience provides Home Point Capital with another proven leader who will greatly benefit our company as it continues to evolve." —Willie Newman, Founder and CEO of Home Point Capital S E R V I C E P R O V I D E R S BRANDON MCGEE JOINS BSI FINANCIAL AS VP BSI Financial Services, a mortgage-centric financial services company, announced it has hired Brandon McGee as VP of Mortgage Servicing Rights Transaction Manager. In this role, McGee will be responsible for the company's MSR and portfolio acquisitions and overseeing and supporting the day-to-day management of the company's growing servicing portfolio. A 15-year veteran of the mortgage industry, McGee comes to BSI from Fannie Mae, where he has worked for the past 11 years, most recently as a Relationship Manager. "We are thrilled to be able to add a person of Brandon's long experience in MSR and portfolio management to the BSI Financial team," said Larry Goldstone, President of Capital Markets and Lending. "Brandon brings a relationship- based approach to portfolio management and has a proven track record of exceeding performance goals. His passion and flair for problem-solving will serve us well." "With a commitment to excellence, an appetite for growth, and a strong focus on relationships, BSI is one of the best mortgage companies in the industry, and I'm excited to join this wonderful team," McGee said. DANNY BYRNES PROMOTED TO CRO AT NATIONWIDE TITLE CLEARING Nationwide Title Clearing, Inc. (NTC), post-closing services provider, announced Danny Byrnes has been promoted from VP Sales and Marketing to Chief Revenue Officer (CRO). Byrnes was hired in early 2011 as the VP Sales. "CRO is the ultimate challenge for any sales or marketing executive. I am excited to fully take control of NTC's destiny and honored that I am being trusted with this. I plan to continue delivering what I promised when I joined this incredible team 10 years ago," Byrnes said. Byrnes has 35 years' experience and knowledge of complex sales, marketing, sales management, and product management. "In a time of tremendous growth for NTC, now was the perfect time to add Danny's deep industry knowledge and skillsets to our C-suite," said John Hillman, NTC's CEO. REMITTER USA INC. ANNOUNCES CEO LARRY CHIAVARO Remitter USA Inc, industry leader in AI powered digital communication solutions used to improve payment recovery, announced that Larry Chiavaro will head up its executive leadership team as CEO. Chiavaro is a sales and business development executive with over 30-years' experience in identifying and developing growth in the consumer finance industry. Most recently, he was the co-Founder and EVP of First Associates Loan Servicing/Vervent, building the company into the largest third-party consumer loan servicer in the U.S. from six employees to more than 800, and successfully selling to a private equity firm in July 2019. Chiavaro retired from First Associates/ Vervent in September 2020. Chiavaro has also held leadership positions for Household/HSBC Auto Finance, NovaStar Mortgage, and GE Capital. He regularly advises fintech companies and makes strategic investments globally through his Advisory Company, LPC Associates LLC, and moderates over a dozen conference industry panels per year. L E G A L P R O V I D E R S POTESTIVO & ASSOCIATES HIRES SUPERVISING LEGAL ATTORNEY Potestivo & Associates P.C., a creditors' rights law firm, announced the hiring of Melissa Z. Prantzalos as Supervising Litigation Attorney in the Rochester, Michigan office of the firm. A native Michigander, Prantzalos brings tangible expertise in real estate and title law litigation. With more than 13 years' experience representing loan servicers, banks, and other financial institutions, Prantzalos will be a strong Movers & Shakers