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DS News Jan 2023

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

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24 asset investing and portfolio management, mortgage and specialty finance lending, and tech- enabled mortgage and specialty finance services. Prior to Blackstone, Smith served as Managing Director of Two Harbors Investment Corporation from 2012-2015, where he built and led the investment platform for mortgage servicing rights (MSRs) and residential whole loans. From 2004-2012, Smith served in a variety of roles for Green Tree Investment Management (GTIM), including CIO, where he was responsible for the residential mortgage investment platform of Green Tree Holdings, GTIM's parent company, and its affiliate, Green Tree Servicing, and approximately $1.5 billion in private funds managed by GTIM. Smith also worked at GMAC ResCap (formerly GMAC-RFC) from 1998-2004 where he held roles on the mortgage trading desk and in corporate development. Smith has served on a variety of boards for private companies and charitable organizations throughout his career. He currently sits on the boards of Asset Based Lending and Brass Ring Capital. "Voxtur is an innovative company with a platform that delivers products that have the potential to improve home ownership access and reduce borrowing costs by digitizing the home buying and mortgage experience from beginning to end," Smith said. "I am excited to join the board and alongside my fellow board members, help support the Company as it pursues its ambitious growth objectives." JENNIFER KENNELLY NAMED MCT'S SENIOR DIRECTOR OF INVESTOR SERVICES Mortgage Capital Trading, Inc. (MCT), a provider of mortgage risk management providing pipeline hedging, best execution loan sales, and centralized lock desk services, has announced that Jennifer Kennelly has been appointed as the new Senior Director of MCT's quickly expanding Investor Services team. Jennifer will leverage her unique background to grow MCT's Bid Auction Manager (BAM) Marketplace, an open mortgage loan exchange where buyers can bid regardless of approval status, and sellers receive automated live pricing from every buyer on the platform. Kennelly's 25 years of experience in diverse roles within the mortgage industry, including Freddie Mac, Compass Analytics, and LoanCare, will help grow MCT's extensive network of buyers and sellers. Having worked through various market conditions since the late 1990s, she is highly familiar with market volatility, industry disruptors, technology ad- vancements, and evolving innovation that will prove helpful in today's current market environment. At MCT, Kennelly joins the Investor Services group to help investors expand their reach with sellers in a more efficient way than what has been traditionally possible, while eliminating barriers to entry and optimizing execution options. "We're extremely excited to have Jennifer join our Investor Services team and bring her skills to the table to continue the growth of BAM Marketplace," said Justin Grant, Senior Director, Head of Investor Services at MCT. "Already the only exchange of its kind, we have a great vision of what we know BAM Marketplace can be for buyers and sellers in the secondary market and Jennifer is uniquely qualified in bringing that to fruition." MCT initially launched the BAM Marketplace in 2020 to support sellers during the pandemic. Founded in 2001, MCT has grown from a boutique mortgage pipeline hedging firm into a provider of fully integrated capital markets services and technology. MCT offers an array of services and software covering mortgage pipeline hedging, best execution loan sales, outsourced lock desk solutions, MSR portfolio valuations, business intelligence analytics, and capital markets software platform called MCTlive! Headquartered in San Diego, MCT also has offices in Philadelphia, Healdsburg, and San Antonio. JOSH PRISTAW NAMED HEAD OF PRETIUM'S REAL ESTATE PLATFORM Pretium, a specialized investment firm with approximately $50 billion in assets under management, has announced that Senior Managing Director and Co-Head of Real Estate, Dana Hamilton, is retiring from the firm. Josh Pristaw, Senior Managing Director and Co-Head of Real Estate, will lead Pretium's real estate platform moving forward, including investing in and managing the single-family rental funds and separately managed accounts. Hamilton will stay on as a Senior Advisor into 2023 in order to ensure a smooth transition. "Dana's leadership in the institutionalization of single-family rentals cannot be overstated, nor can her role in helping Pretium's platform become the owner of the most single-family rental homes in America," said Don Mullen, Founder and CEO of Pretium. "Today, we manage investments in nearly 100,000 homes valued at more than $33 billion and have some of the best institutional investors in the world as partners in our funds." Hamilton joined Pretium in 2017 with nearly 25 years of experience in building successful real estate operating companies in the United States and Europe. She worked with Archstone for nearly 20 years, where most recently she was President, Europe, responsible for building Archstone's non-U.S. operating and investment platform. Prior to that role, she was EVP, in charge of national (U.S.) multifamily operations. "When Don asked me to join Pretium in 2017, our goal was to establish Progress Residential as a leading single-family residential platform in the U.S.," Hamilton said. "With tremendous support from the Pretium and Progress Residential teams, I'm proud to say we have done that and much more. Part of Pretium's competitive advantage is the depth of talent we have across the SFR platform. Josh and the real estate team are poised to take the platform to the next level with an unparalleled strategy that delivers positive returns for Pretium's stakeholders and the communities in which they invest." Pretium was founded in 2012 to capitalize on secular investment and lending opportunities arising as a result of structural changes, disruptions, and inefficiencies within the economy. Pretium has built an integrated analytical and operational ecosystem within the U.S. housing, residential credit, and corporate credit markets and believes that its insight and experience within these markets create a strategic advantage over other investment managers. Pretium's platform has approximately $50 billion of assets and employs more than 4,000 people across 30 offices, including Dubai, London, Seoul, and Sydney. "I'm looking forward to building on the strong foundation that Dana has put in place and the success we have achieved together," Pristaw said. "Our team will continue to prioritize housing choice and investments in our communities as we lead the way in single-family rental housing." Movers & Shakers Got something to share with us? Send it to Editor@DSNews.com.

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