DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/551252
22 MOVERS & SHAKERS Got something to share with us? Send it to Editor@DSNews.com. WELLS FARGO LEADER NAMED CHAIR OF NATIONAL MORTGAGE SERVICING ASSOCIATION J.K. Huey, SVP of asset management and preservation with Wells Fargo Home Mortgage, has been appointed the chairperson of the Five Star Institute National Mortgage Servicing Association (NMSA), according to an announcement from Five Star. Huey has worked in the mortgage industry for 34 years. In her current position with Wells Fargo, she is responsible for managing REO and property preservation activities for Wells Fargo's servicing channel. She held leadership positions with IndyMac Bank, Washington Mutual, and Homeside Lending prior to joining Wells Fargo in 2009. e NMSA is a non-profit, nonpartisan association founded in 2010. With 40 member organizations representing approximately 90 percent of the U.S. mortgage industry. e leaders and members of NMSA actively participate in policymaking forums, advance mortgage servicing dialogue, and create innovative solutions to issues in the industry. "It is an honor to be chosen to chair the NMSA," Huey said. "ey play such a critical role in the mortgage servicing industry. I look forward to leading an organization that brings mortgage servicers together to have conversations that will help shape housing industry reform in America." In her three-plus decades in the mortgage industry, Huey has chaired many committees, served on several boards, and been recognized multiple times for her expertise and accomplishments. She received the 2014 Five Star Lifetime Achievement Award last year at the Five Star Conference's annual Women in Housing Leadership Summit. "J.K. is a proven industry leader and a consummate professional," Five Star President and CEO Ed Delgado said. "We are fortunate to have had such a solid working relationship with her for many years and look forward to many more to come. e depth of her extensive knowledge and experience will be a vital asset to the NMSA." Huey is succeeding Steve Bailey of PennyMac as chairperson of the NMSA. Past chairs of the association include Eric Schuppenhauer, formerly of JPMorgan Chase, and Tony Meola of Bank of America. "The NMSA plays an important role in pulling together key members of the mortgage servicing community in order to connect thoughts, advance understanding, and create a potential for providing a collective voice to the industry on select topics," said Steve Bailey of PennyMac, outgoing chair of NMSA. "I am pleased that J.K. Huey is taking over as chair of the association. Her industry experience, leadership skills, and passion for process improvement will serve the NMSA very well." WOLTERS KLUWER HIRES FORMER FED REGULATOR Wolters Kluwer Financial Services recently announced that former federal regulator Sandra Braunstein will provide compliance management and Community Reinvestment Act consulting services to the company's U.S. banking clients. Braunstein will also be collaborating with, and advising the Wolters Kluwer executive team on a range of strategic initiatives, according to the company. She retired from her role as director of the Federal Reserve Board's Division of Consumer and Community Affairs after nearly 27 years of serving the agency in April 2014. In her role as director of the Federal Reserve Board's Division of Consumer and Community Affairs, Braunstein served as chief executive officer for all of the agency's consumer protection, consumer compliance supervision, and community development programs. She also served as the chief policy adviser to the Board of Governors, including the chairman of the Federal Reserve Board, on all consumer and community development matters. During Braunstein's career with the Board, she led the development of a new regulatory framework for credit cards and helped establish sweeping new regulatory protections for consumers in the residential mortgage market. She also oversaw the creation of mortgage foreclosure mitigation and neighborhood stabilization programs. In addition, Braunstein played a key role in the transition of division staff and resources to the Consumer Financial Protection Bureau from 2010 to 2011. Prior to her service at the Board, Braunstein held positions in economic and community development for nonprofit, government, and private-sector organizations, and in the consulting industry. She is a graduate of the American University. "e deep insight and experience that Sandy brings not only to Wolters Kluwer Financial Services' consulting practice and clients but to our executive leadership team is truly unique and extraordinary," said Timothy Burniston, EVP of Wolters Kluwer Financial Services' Consulting Practice in the U.S. "Her perspectives will provides us with valuable insight into regulatory expectations as we continue to navigate the growing complexities of the broad field of compliance, and address and meet the needs of our customers. I am elated to have the opportunity to work with her again." TRULIA HIRES NEW CHIEF ECONOMIST Trulia has named Selma Hepp as chief economist. In her new position with Trulia, Hepp will lead the company's housing economics research team and provide key insights about the economy, housing trends, and public policy to house hunters. "Finding a home is a messy and overwhelming process that hinges on making tradeoffs among price, space and location. At Trulia, Selma will help people navigate their home search by translating complex economic trends and housing policies into plain English," said Paul Levine, President of Trulia. "e housing market today is in transition, and with Selma's expertise as Keep up with who's doing what and who went where