DS News

DS News February 2022

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

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Page 33 of 99

32 replacing Frank Martell, who will assume the position of non-executive Chairman of the CoreLogic Board. Frank Martell said, "By every measure, CoreLogic delivered the best year in the company's history in 2021. I am proud to have created significant stakeholder value by leading the transformation of CoreLogic over the past decade into a scaled leader providing must-have data, platforms, and analytics that power the residential housing ecosystem. With the company operating at record levels and with a deep and talented leadership bench in place, it is now time for me to step back from my operating role. CoreLogic is well-positioned to capture the many opportunities in front of the company as a privately held firm. Pat is a very talented leader, and I am confident he will take the company forward and create incredible value in the years ahead. I look forward to continuing to be engaged as a board member and investor while pursuing new transformational opportunities in the information services space." Chuck Davis, CEO of Stone Point Capital, said, "We greatly value and appreciate Frank's leadership and his many contributions to CoreLogic before and after our acquisition of the company. We look forward to continuing to have access to his knowledge of the company and the residential property vertical as our board chair and an equity investor. Pat Dodd brings almost three decades of proven leadership and value creation in the information services industry and previously served as the company's Chief Operating and Growth Officer. We are excited to partner with Pat and the CoreLogic team as the company continues to innovate across the real estate ecosystem." Deven Parekh, Managing Director at Insight Partners, said, "We are excited to work with Pat and the CoreLogic team as the company continues its focus on accelerating growth. Insight Partners has a strong track record of partnering with market- transforming companies like CoreLogic, and we look forward to active involvement in this next chapter in its evolution." DON LIU NAMED TO INVESCO MORTGAGE CAPITAL'S BOARD Invesco Mortgage Capital Inc. has named Don Liu to its Board of Directors. Liu currently serves as EVP, Chief Legal and Risk Officer and Corporate Secretary of Target Corporation. He will also join the Audit, Compensation, Nomination, and Corporate Governance Committees of the Invesco Mortgage Capital Inc. Board. Prior to joining Target in 2016, Liu served in diverse leadership roles, working across multiple business sectors and functional areas at Xerox as EVP, General Counsel and Corporate Secretary; Toll Brothers as SVP, General Counsel and Chief Compliance Officer; IKON Office Solutions as Corporate Compliance Officer and Chair of IKON Diversity Council; and Aetna U.S. Healthcare as Deputy Chief Legal Officer. "We are extremely pleased to have Don join our board," said Jack Hardin, Chair of the Invesco Mortgage Capital Inc. Board of Directors. Hardin has served our Chair of the Board since 2017 and as a Director since 2014. "His extensive public company and legal experience, focused on mergers and acquisitions, business development and risk management, including the development of diversity and inclusion and ESG strategies and governance protocols, will greatly benefit the board and assist the board's ongoing efforts to promote principles of diversity." Prior to becoming in-house counsel at Target, he served as an associate at two New York City law firms, specializing in securities and mergers and acquisitions. In addition to his service on the Invesco Board, Liu also currently serves on the boards of CaringBridge and Haverford College. He is also a member of the American Law Institute and the National Asian Pacific American Bar Association. He formerly sat on the Comcast Asian American Diversity Advisory Council, and the boards of the Minority Corporate Counsel Association, where he served as Chairman for two years, and MoreBank, an ethnic community bank he helped found. Invesco Mortgage Capital is a real estate investment trust (REIT) focusing on investing in, financing and managing mortgage-backed securities (MBS) and other mortgage-related assets. RAVI MALLELA NAMED EVP AND CFO OF NMI HOLDINGS NMI Holdings Inc., the parent company of National Mortgage Insurance Corporation, has appointed Ravi Mallela as EVP and CFO. Mallela succeeds Adam Pollitzer who, as previously announced, will assume responsibility as NMI President and CEO. Mallela previously served as EVP, CFO, and Treasurer of First Hawaiian Inc., a publicly traded bank holding company. He has broad experience leading financial reporting, planning and analysis, investor relations, corporate development, tax, and treasury functions. Earlier in his career, he served as SVP, Head of Finance and Treasury for First Republic Bank, and has held senior management positions with Bank of Montreal and Wells Fargo. "We are delighted that Ravi is joining our exceptional team at National MI," Pollitzer said. "He is a talented executive who brings a wealth of experience and proven track record as a senior finance leader. I look forward to working closely with him and the rest of our management team as we lead with impact for our customers, community and employees, and execute on our growth and capital strategies to deliver long-term value for our shareholders." NMI Holdings was recently named to Fortune's 100 Fastest-Growing Companies list for 2021, ranking 35th on the list. Fortune's list ranks the top-performing publicly traded companies in revenues, profits, and stock returns over the three-year period ending on or before April 30, 2021. e company was also named to the Fortune list of 100 Fastest-Growing companies in Movers & Shakers Got something to share with us? Send it to Editor@DSNews.com.

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