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DS News September 2021

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

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30 reQuire Real Estate Solutions group as VP of Business Development. In this role, Palermo will focus on growth in the western U.S. for reQuire's industry-leading lien release tracking solution, as well as its title curative and document preparation solutions. In his 20 years in the industry, Palermo has held senior positions with several title service providers and agencies, including WFG National Title Insurance and Legend Title Company, as well as with mortgage service providers like CFSI Loan Management, New Century Mortgage and Countrywide Financial. "reQuire's solutions set the benchmark for agents seeking the highest quality experience for their clients. I am excited to be part of the reQuire team." reQuire's business grew on top of last year's banner growth for originators and their closing agent partners. "We are pleased to have Pete join the reQuire team and Covius," said Niki Culver, Vice President, Operations for reQuire Real Estate Solutions. "Pete's extensive title services and operations experience will help strengthen our existing client relationships and continue to position reQuire as the nation's leading lien release tracking provider." DOCMAGIC PROMOTES CHRIS LEWIS TO DIRECTOR OF ENTERPRISE SOLUTIONS DocMagic has announced the promotion of Chris Lewis to the role of Director of Enterprise Solutions. e new title reflects the elevated role he has proactively taken at the company in increasing revenue, forging strategic partnerships, and making inroads with large entities and marquee accounts. "Since joining the DocMagic family in 2016, Chris has done an outstanding job helping clients go 'e' and ultimately achieve 100% paperless eClosings," said Dominic Iannitti, President and CEO of DocMagic. "Chris has become one of the mortgage industry's best subject matter experts on eClosings, digital mortgage workflow automation, and supporting solutions. is promotion is well-deserved, and we look forward to supporting his continued success." In the Director of Enterprise Solutions role, Chris provides highly consultative, analytical, and solution-crafting insight for DocMagic's enterprise accounts to implement its comprehensive Total eClose platform, eNotes, and eVaults, among other technologies. He will collaborate with top-tier organizations to arrive at approaches to digital mortgage automation that align with their specific business models and long-term goals. "I am passionate about delivering on the promise of eClosings and digital mortgage workflows and excited about the success our clients are realizing with Total eClose," Lewis said. "At DocMagic, we take a business advisory approach to eClosings, guiding clients to hone their processes and workflows, implement quickly—but strategically—and enjoy a smooth launch of the platform. I am elated to continue helping mortgage companies realize newfound digital efficiencies." Chris has a background in the mortgage industry spanning more than 25 years working for prominent banks, mega lenders, servicers, technology providers, and other key entities in the supply chain. He started his career at Fidelity National Financial (FNF) and held a variety of roles in title insurance, eventually becoming COO over a large nationwide title operation and later migrating to the position of Chief Data Administrator. In addition, Chris held key roles at several spin-off companies that includes Fidelity Information Services, Loan Portfolio Services, and Black Knight. Prior to joining DocMagic, Chris was Executive Director at JP Morgan Chase where he helped implement new processes and technologies for its Loan Administration Division. MAXEX ADDS BRENNAN WALTERS AS CHIEF REVENUE OFFICER MAXEX, the first digital mortgage exchange for buying and selling residential loans through a single clearinghouse, announced the addition of Brennan Walters as Chief Revenue Officer. Walters will be responsible for all go-to-market operations, including sales, marketing and the development of MAXEX's servicing retained execution product. Walters, an 18-year mortgage industry veteran, is known for building scalable businesses in complex markets. Before joining MAXEX, he held several executive leadership positions at PennyMac, including Managing Director of Servicing Investments and EVP of Acquisitions. In his approximately 10 years at Penny Mac, Walters was responsible for creating and expanding multiple high-growth businesses, including establishing the company's mortgage servicing rights acquisition business, which purchased more than $100 billion in assets, and transforming its GNMA early buyout program into a business segment that generated over $750 million across the last four quarters. Prior to Penny Mac, he held several sales and business development leadership positions during his eight-year tenure with Bank of America. "Brennan has a proven track record of transforming market opportunities into scalable businesses," said Tom Pearce, Chairman and CEO of MAXEX. "His experience and deep industry connections will play an important role as MAXEX continues to gain momentum as the industry standard for providing nonagency market liquidity. We are thrilled to add his talent and expertise to our accomplished leadership team." MAXEX President and COO Bill Decker added, "Tom and I have known Brennan for years. I am ecstatic that he has joined our team. He not only knows how to build and grow a mortgage business, but he also understands the complexities of operating one." "MAXEX is fundamentally changing how liquidity is obtained in the nonagency secondary mortgage market, making buying, and selling loans more efficient and transparent for lenders and investors," Walters said. "Having spent my entire career in the industry, I'm excited to see MAXEX's continued momentum in the marketplace and join the leadership team during this important phase of growth." Walters joins MAXEX during a period of record growth and industry adoption. e company recently announced a strategic investment from J.P. Morgan, the first in a new consortium model designed to further accelerate broad adoption among leading mortgage buyers. Additionally, MAXEX more than tripled its volume in 2020 and has exceeded $20 billion in aggregate trade lock volume since launching its platform in 2016. Movers & Shakers Got something to share with us? Send it to Editor@DSNews.com.

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