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DS News July 2017

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

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24 MOVERS & SHAKERS Got something to share with us? Send it to Editor@DSNews.com. HUD SENIOR ADVISOR APPOINTED Adolfo Marzol has been appointed to the position of Senior Advisor to the Secretary of the Department of Housing and Urban Development. Following his appointment, he resigned from the Board of Directors of Essent Group Ltd. Prior to serving on the Board of Directors for Essent, Marzol served as EVP of the company, a role in which he led public policy engagements on behalf of Essent. Marzol also worked at Fannie Mae for 10 years, and at Chase Manhattan for eight. FDIC APPOINTS NEW OMBUDSMAN M. Anthony Lowe has been named FDIC Ombudsman and Director of the Office of the Ombudsman. Lowe is a 32-year veteran of the FDIC and mostrecently served as Chicago Regional Director for the divisions of Risk Management Supervision and Deposit and Consumer Protection since 2008. Lowe is a graduate of Arkansas State University with a Bachelor of Science in business finance and graduated with honors from the Graduate School of Banking South at Louisiana State University. JPMORGAN CHASE TO UNDERGO LEADERSHIP CHANGES JPMorgan Chase COO Matthew Zames will be stepping down from his role after 13 years, the bank announced last month. Zames, 46, had a crucial role in guiding the bank during the financial crisis and is credited with raising suspicion over Bernie Madoff a year before his eventual arrest. Zames has long been assumed as a potential successor to Jamie Dimon, and the news of his stepping down has led to much speculation of who else may be in the running. According to a report filed with the Securities and Exchange Commission, Zames' responsibilities will be split between Marianne Lake, CFO; Daniel Pinto, CEO of Corporate & Investment Banking; Gordon Smith, CEO of Consumer & Community Banking, Mary Erdoes, CEO of Asset Management; and Doug Petno, CEO of the Commercial Bank. "I have been in this business almost 25 years. I spent the vast majority of my time running businesses, driving things forward, facing off against clients, taking business risk. But at its core, look—I'll be 47 in October. I want to get back to running the railroad—running my railroad, running my business. So it's just a natural point." - Matthew Zames, Former COO, JPMorgan Chase INDUSTRY VET TAPPED TO LEAD WELLS FARGO RETAIL SALES Wells Fargo Home Lending announced that Liz Bryant will now lead the company's retail sales organization, reporting to Head of Mortgage Production, Michael DeVito. Bryant has 25 years' experience in mortgage originations and operations and has been with Wells Fargo since 2003 when she started as a regional sales manager from GMAC Mortgage. With her new position as National Sales Manager, Bryant will be responsible for Wells Fargo Home Lending's retail sales team, which originates residential mortgage loans in all 50 states, while being powered by more than 7,900 home mortgage consultants. is group provides a full range of mortgage solutions, including relocation and employee mortgage programs for several Fortune 500 companies. Keep up with who's doing what and who went where "Changing customer expectations and technical innovation are creating exciting opportunities in the mortgage business, and we recognized that new sales leadership is required as we continue to evolve our culture and deliver for our customers in compelling new ways." - Michael DeVito, Head of Mortgage Production, Wells Fargo FSR INTRODUCES NEW SVP OF MORTGAGE POLICY In June, the Financial Services Roundtable (FSR) announced the hiring of Meg Burns as SVP of Mortgage Policy. Previously, Burns served as Partner of e Collingwood Group, Senior Associate Director of the Office of Housing and Regulator Policy at the FHFA, and was the Director of the Office of Single Family Program Development for HUD's Federal Housing Administration. Burns holds a bachelor's degree in philosophy from Connecticut College and a master's degree in philosophy and public policy from George Washington University. In a statement, the FSR said it hired Burns to "bolster its housing finance reform advocacy efforts." e organization also recently hired Ed DeMarco, former FHFA Director as its Housing Policy Council President. RE/MAX COO APPOINTED AS CO-CEO RE/MAX Holdings, Inc. announced the immediate appointment of COO Adam Contos to RE/MAX Co-CEO sharing responsibilities with Co-Founder and now Co-CEO Dave Liniger. Contos led many key functions at RE/MAX in the last 14 years and was named COO in 2016. With the appointment of Contos, Liniger

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