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MOVERS & SHAKERS CONTINUED FROM PAGE 35 Mortgage Contracting Services Names New CFO Mortgage Contracting Services (MCS) announced that Paul Lee was named as the company's new CFO, succeeding Michael Carroll who retired after serving more than eight years in the position. Based in MCS' North Texas office, Lee oversees finance, accounting, compliance, and internal audits. He is also responsible for financial and strategic planning, risk management, and cost controls. Clayton Announces Executive Appointments Clayton Holdings, LLC, recently named Joe D'Urso president and COO of the company. D'Urso oversees all of Clayton's U.S. business units and reports to Paul Bossidy (not pictured), who remains Clayton's CEO. D'Urso previously led the company's Green River Capital (GRC) subsidiary, which Clayton acquired in early 2012. D'Urso has 23 years' experience in the financial services industry, having served in leadership roles for companies such as Merrill Lynch and Goldman Sachs. Lorenz Schwarz has been named president of GRC in addition to his current role of the business unit's COO. Schwarz, who has served as GRC's COO since 2012, is now responsible for managing all of GRC's day-to-day operations. He has 25 years' experience in the REO industry. The company says these organizational moves will not impact Clayton or GRC clients. Auction.com SVP Ranked Among CRE's 'Top 45 Under 40' Joseph Cuomo, SVP and director of business development for the online real estate marketplace Auction.com, has been recognized by Real Estate Forum magazine as one of the commercial real estate industry's "Top 45 Under 40." At Auction.com, Cuomo has played a key role in closing the sales of more than $5 billion in commercial notes and properties since 2012. Electronic Commerce Group Recognizes New Real Property Standards Efforts Elizabeth Green, principal consultant at rel-e-vant Solutions, was awarded the 2013 Fellow Membership Award from the Electronic Commerce Code Management Association (ECCMA). Green has been working on the development and implementation of the ECCMA 1 series of standards for real property and two new ECCMA registries to identify real property locations and boundaries. Long & Foster Announces Key Regional Hires Jane Wallace has been named manager of the Reston, Virginia, office of Long & Foster Real Estate. With nearly 10 years' residential and commercial real estate experience, Wallace will lead the office's almost 100 sales professionals. Wallace joined Long & Foster in September after the firm acquired her brokerage, RE/MAX Bravo, and has spent her career assisting clients with everything from luxury listings to REO properties. Long & Foster also announced Tracey Espada was named VP of the firm's resort rentals management division in New Jersey, Delaware, and Maryland. Espada has more than 15 years' real estate experience. She previously led the Rehoboth Beach and Lewes, Delaware, offices for Long & Foster, where she helmed a team of about 75 agents. Espada has been part of the Long & Foster family since she joined the firm as a sales associate in the early 1990s. ValuTrac Appoints 30-Year Veteran to CIO Role ValuTrac Software hired David Yavorsky for the position of chief information officer (CIO). A 30-year industry veteran, Yavorsky joins ValuTrac after 13 years with First American, where he held several senior-level management positions, including CIO and SVP of the company's mortgage information services group. He also served as president and CEO of First American Real Estate Tax Services. CONTINUED FROM PAGE 35 according to KBW, which also pointed out, "The price changes that are in place should help give the FHA a meaningful start in this direction." KBW praises the Protecting American Taxpayers and Homeowners (PATH) Act—a House of Representatives bill introduced in July—for its attention to FHA reform. However, the financial services company doubts the act's viability. The PATH Act would reduce the FHA's role in the market, concentrating its efforts on first-time homebuyers, low- to moderate-income buyers, and homebuyers purchasing in disaster areas. The act also calls for risksharing on 10 percent of FHA's business. While these provisions are "aligned with the government's goal of supporting the lowincome housing market" and "the government's goal of bringing more private capital into the mortgage market," KBW does "not expect it to get traction," because it calls for the eradication of the GSEs. STAT INSIGHT 11-to-1 Nearunanimous New VP to Assist Agent Training for Alliant National vote by the FOMC in late October in favor of keeping the monthly pace of its "If our initial interpretation of the new asset purchase mortgage disclosures holds, then the program at Consumer Financial Protection Bureau really $85 billion. should be applauded for their work. Alliant National Title Insurance Company hired Katherine "Kitty" Stevens, Esq., as VP of Florida agent training and business development. In her new role, Stevens will team with the company's Florida counsel and VP Jeffry Stein, Esq., to help Alliant's independent agents thrive in the new regulatory environment. Stevens earned her law degree from Wake Forest University School of Law. VERBOSITY Source: Lender Processing Services — National Association of Mortgage Brokers 36

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