DS News - Digital Archives

MOVERS & SHAKERS CONTINUED FROM PAGE 31 VRM Mortgage Services Hires Executive to Lead Business Development VRM Mortgage Services named Ed Hunter as VP of business development. Hunter is charged with leading and directing VRM's go-to-market strategy and execution for new business development. Before joining VRM, Hunter most recently served as executive director of sales and marketing for Evaluation Solutions. Wolters Kluwer Adds Three for Compliance and Lending Roles Wolters Kluwer Financial Services announced Chris Zimmerman joined the company's consulting practice as a senior compliance consultant with a focus on default servicing. Zimmerman brings more than 10 years' experience to Wolters Kluwer. In his new role, he provides consultative services related to foreclosure timeline management, contested and litigated case resolution, bankruptcy processing, and REO processing, among other areas. Wolters Kluwer also promoted Art Tyszka to senior director and general manager of the company's residential lending business. Tyszka has more than 20 years' experience implementing compliance and risk management technology systems for mortgage lending, secure document services, loss mitigation, and data systems. He was previously Wolters Kluwer's director of default servicing and has been a key contributor to the design and implementation of its residential lending solutions. Brad Fleener was appointed to the same role, but for the company's indirect lending business. He has more than 25 years' leadership experience in regulatory compliance content, business workflow, and technology solutions. Since he's been with the company, he has been responsible for growth in indirect lending. Pango Group Adds EVP of Sales to Its Team Pango Group, a family of escrow and financial service companies, appointed Joe Curtis EVP of sales. Curtis is responsible for overseeing sales operations, with the end goal of building out a team founded on consultative and value-based selling. Curtis has a title and escrow sales background. Most recently, he was president of Pickford Escrow. AmOne Hires Marketing Expert to Oversee Business Strategies AmOne, a financial marketing company, welcomed Beth Planakis as SVP of marketing and business development. Planakis has more than 16 years' experience in the digital marketing space with an emphasis on the financial services sector. Most recently, she served as VP of corporate marketing for Bankrate, Inc. Two Dykema Attorneys Recognized as Top Lawyers by Chambers Two Dykema lawyers—Richard Gottlieb and Donald Lampe—were recognized for their work in the field of financial services regulation and named in Chambers USA 2013: America's Leading Lawyers for Business, published by Chambers and Partners. Lampe leads Dykema's financial services regulatory and compliance team. This marks the third year he's received the Chambers USA recognition. He was recognized in the banking and finance category in North Carolina and nationally for consumer finance compliance. Gottlieb is director of Dykema's financial industry group. He counsels and defends financial institutions, retailers, and insurers on a variety of matters, including fair lending and mortgage servicing. Gottlieb received national recognition once again for his expertise in consumer finance litigation. MBA Nominates Quicken Loans CEO as Vice Chair The Mortgage Bankers Association (MBA) announced the nomination of Quicken Loans CEO Bill Emerson to serve as vice chair in 2014. Emerson previously served on MBA's board and was vice chair of its Residential Board of Governors. He is currently a member of the group's GSE Single Family Task Force. Emerson joined Quicken Loans in 1993 as a mortgage banker. Firefly Legal Supervisor Named Treasurer of ILAPPS Firefly Legal announced Randy Mucha, the company's civil process supervisor, was named treasurer of the Illinois Association of Professional Process Servers (ILAPPS), which aims to positively change the process servicing industry. As a civil process supervisor at Firefly Legal, Mucha acts as a liaison to approximately 1,000 process servers and vendors nationwide. First Team Agent in Palm Springs Wins Another Hall of Fame Award First Team announced Debbie DiMaggio, an agent in its Palm Springs office, received the company's Hall of Fame award and was named No. 1 producer among nearly 1,800 agents. This is the fifth Hall of Fame award earned by DiMaggio, who has been with First Team for 10 years. DiMaggio's primary focus is the distressed market, including REOs and short sales. CONTINUED ON PAGE 35 32 CONTINUED FROM PAGE 31 in the hope that they will be able to walk away with money at the closing table and without a hit to their credit rating, and for lenders, a failed short sale may no longer translate into bigger losses down the road given that average prices of bank-owned homes are rising at a faster pace than nondistressed home prices in many markets," he added. In the first quarter, the average price for properties in foreclosure rose 3 percent from the year before to $167,095. Compared to the previous quarter, the price is 1 percent lower. Meanwhile, short sales sold for an average price of $178,392, up 5 percent Q1 2012 but down 4 percent from Q 4 2012. While the average price of a foreclosure-related sale experienced more subtle changes on a national level, RealtyTrac found certain markets saw dramatic annual price gains. In San Jose, the average price of foreclosure-related sales surged 30 percent compared to a year ago. Other markets where foreclosure sales prices climbed included Dayton, Ohio (+27 percent), Phoenix (+26 percent), Las Vegas (+23 percent), and Sacramento (+21 percent). STAT INSIGHT 240,000 REO homes held by Fannie Mae, Freddie Mac, and private lenders not yet put up for sale. Source: Capital Economics

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