DS News - Digital Archives

September, 2012

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

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Movers & Shakers CONTINUED FROM PAGE 51 Auction.com Founding Partner Named Co-CEO Auction.com announced that founding partner and board member Monte Koch will take on additional responsibilities as the company's co-CEO. Koch is a long-time member of the Auction. com team, guiding the company in a non-executive capacity since it was created. He was asked to join the executive ranks in light of Auction.com's expansion into new areas of real estate services. McCalla Raymer Gains New Director of Client Relations McCalla Raymer, LLC, announced the appointment of Judy Mattingly as director of client relations. Mattingly has extensive experience in the mortgage industry, working on origination and default-related issues including, operations and project management for underwriting, foreclosure, bankruptcy, loss mitigation, mediation, title litigation, and REO closings. Evaluation Solutions Appoints Director of Sales, Marketing Evaluation Solutions appointed Ed Hunter executive director of sales and marketing. Hunter's valuation experience covers origination, servicing, and investor and capital markets. He previously managed client solution development and valuation implementation for banks, servicers, investors, and capital market firms in the residential mortgage market. Radian Adds 15-Year Veteran to Sales Team Radian Guaranty Inc. added Kim Hollingsworth to the company's sales team. In her new position, Hollingsworth serves as senior account manager covering Louisiana and Mississippi. She's held several different roles since entering the mortgage insurance industry, including account manager and area sales manager with responsibility for nine states in the Southeast. Equator Makes Additions to Senior Staff Equator announced a number of additions to the company's senior team. Chris Crocker joined Equator as VP of real estate. Crocker was previously with NRT, LLC, where he served as VP of operations for the Southwest region. There, he oversaw more than 100 Coldwell Banker branches and 6,000 real estate agents. He also served on the California Association of Realtors' board of directors. Russell Walker has been named Equator's new VP of information security and compliance. He is responsible for setting policies and protecting data stored on the Equator system. Walker recently served as senior director of information security and compliance for FSRDG and has a history of information security roles at different companies, including Starbucks and Warner Bros. Entertainment. John Ardy is the company's VP of technology. A 20-year financial services industry veteran, Ardy most recently served as chief delivery officer at Fidelity National Commerce Velocity, a provider of default management software. Prior to that, he worked as managing director and COO of application technology for Countrywide Financial Corporation and was the COO in North America for Firstsource Solutions, a business process outsourcing company. Jeff Huffman is Equator's new director of technology. In his role, he is responsible for streamlining and improving the company's client experience process during the software development cycle. He has 15 years of project management experience with Fortune 500 companies and last served as VP of portfolio/program management for Bank of America, where he created teams to manage REO, short sale, and deed-in-lieu technology projects. Stephen Kirkham was brought on to serve as director of IT development, making him responsible for the design, delivery, and management of Equator solutions. He has an extensive background in software design and development, consulting, and enterprise architecture. In his most recent job, he was engineering manager for Disney Interactive Media Group, where he oversaw Disney's online portals, family properties, and multiplayer games. Lance Hamilton has taken on the role of relationship manager with Equator. He is responsible for identifying the needs and requirements of clients and working with internal staff on the development of custom solutions. Hamilton last served as a senior project manager for Fannie Mae, where he integrated the GSE's Servicing Management Default Underwriter system with many large banks. Prior to that, he was AVP at Bank of America, where he worked with Equator's original short sale platform. CONTINUED FROM PAGE 51 69.5 percent in the first quarter but down from 70.0 percent one year earlier. Homeownership increased the steepest in the Northeast, where the rate rose to 63.7 percent in Q2 from 62.5 percent in Q1 and 63.0 percent in Q2 2011. The homeownership rate fell in the West to 59.7 percent from 59.9 percent in Q1 and 60.3 percent in Q2 2011. In the South, the homeownership rate fell to 67.4 percent from 67.5 percent in Q1 and 68.2 percent in Q2 2011. The homeownership rate for older Americans—those 65 or older—grew in the second quarter to 81.6 percent from 80.9 percent in the first quarter. Conversely, for Americans under the age of 35, the rate fell to 36.5 percent in the second quarter from 36.8 percent in the first. The median asking price for a vacant home rose to $134,600 in the second quarter, up from $133,700 in the first but down from $138,400 one year earlier. The median asking rent in the second quarter fell to $716 from $721 in the first quarter but was up from $684 in the second quarter of 2011. KNOW THIS Wilford, Geske & Cook Brings New Attorney on Board Greta L. Burgett has joined the team of attorneys at Wilford, Geske & Cook, P.A. Her areas of focus include mortgage lending, bankruptcy, real estate, and litigation. She earned a bachelor's degree from the College of St. Benedict and a Juris Doctor from the William Mitchell College of Law. She currently serves as a mentor in the William Mitchell College of Law Mentorship Program. CONTINUED ON PAGE 53 52 Wells Fargo Securities Economics Group forecasts sales of existing homes to top out at 4,520,000 for the 2012 calendar year and increase to 4,710,000 in 2013.

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