DS News

DSN_March2023

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

Issue link: http://digital.dsnews.com/i/1494597

Contents of this Issue

Navigation

Page 22 of 83

21 "Building the future of mortgage servicing technology is about granular, nuanced innovation and executing with no mistakes across scale operations where every tiny detail is highly regulated," Sullivan said. "at is what Sagent stands for, and we execute credibly alongside America's largest mortgage servicers because our fintech engineering and product teams are subject matter experts with deep resumes in the servicing trenches. My job is to help speed up this specialized modernization of the largest sector in consumer finance." CENLAR APPOINTS JAMES DARAS CEO/ PRESIDENT Ewing, New Jersey-based mortgage loan subservicer and federally-chartered wholesale bank Cenlar FSB has announced the appointment of D. James "Jim" Daras as its new CEO and President. Daras has more than 40 years in the banking and mortgage banking industry, with extensive experience in risk management, banking and corporate finance functions, bank restructuring, company start-ups, and venture capital investing. Last summer, Daras, along with EVP and COO Robert Lux, were both appointed co- CEO after Chairman of the Board, President, and CEO Greg Tornquist announced his retirement from Cenlar. Lux will continue in his role of COO reporting to Daras. "Jim is an accomplished and exceptional executive leader with a great deal of experience who will ensure Cenlar continues its commitment to providing high quality service to our customers," Cenlar Chairman of the Board Dave Applegate said. Daras originally joined Cenlar in 1985, and remained until 1990, leaving his post as CFO to join Dime Bancorp in New York City. Until returning to Cenlar in 2015, Jim worked with several venture capital firms investing in financial services companies, including Loan Servicing Solutions in 2007, where he served as CEO. Jim was EVP and was appointed Chief Risk Officer at Cenlar. In 2019, Jim moved to an advisory capacity before returning full time to manage the company's banking functions. He joined Cenlar full time in 2022 as EVP to manage the company's banking functions. "I am thrilled and honored to have been named CEO at this point in Cenlar's journey," Daras said. "Cenlar was built on collaboration, expertise, client and homeowner care, and the ability to transform itself during each part of its journey, and I am confident in Cenlar's long-term success." Cenlar boasts a loyal and growing client base including banks, credit unions, and mortgage bankers. e company's nearly 4,000 employees, strategically located throughout the U.S., are dedicated to customer satisfaction and teamwork that drives client solutions. SELMA HEPP PROMOTED TO CHIEF ECONOMIST OF CORELOGIC CoreLogic has announced the promotion of Selma Hepp as Chief Economist, after being named Interim Chief Economist in July of 2022. "I am honored and thrilled to lead our team as we continue to generate industry-leading, data-driven insights and thought-provoking perspectives on all things housing," Hepp said. "Given the challenges of today's housing market, CoreLogic's depth, wealth, and consistency of data position us to provide clear and actionable views of the property ecosyste, and bring value to our clients and broader markets." Prior to her interim role, Hepp served as an Executive of Research and Insights in the Office of the Chief Economist. Hepp leads CoreLogic's economics team, which is responsible for analyzing, interpreting and forecasting housing and economic trends in real estate, mortgage and insurance. "We are thrilled to have Selma as our newly appointed Chief Economist," added Patrick Dodd, President & CEO of CoreLogic. "She has a proven track record and deep housing knowledge and research experience. As a well- respected thought leader in the housing industry, Selma's analytical expertise will produce insights to help our clients and other stakeholders better navigate today's dynamic real estate environment." Prior to joining CoreLogic in 2020, Hepp was Chief Economist and VP of Business Intelligence for Pacific Union International, later acquired by Compass, where she oversaw the vital economic and technology intelligence to drive the expanding brokerage's success. She also held the role of Chief Economist for Trulia; Senior Economist for the California Association of Realtors; and Economist and Manager for Public Policy and Homeownership Research for the National Association of Realtors, as well as a special research assistant at the U.S. Department of Housing & Urban Development. Headquartered in Irvine, California, CoreLogic is a global property information, analytics and data-enabled solutions provider. e company's combined data from public, contributory, and proprietary sources include Movers & Shakers "I am thrilled and honored to have been named CEO at this point in Cenlar's journey." —D. James "Jim" Daras, CEO and President, Cenlar FSB

Articles in this issue

Archives of this issue

view archives of DS News - DSN_March2023