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» VISIT US ONLINE @ DSNEWS.COM Mortgage Fraud Increases as Applicants Mislead Lenders services sector as a whole declined year-over-year during the second quarter, mortgage fraud increased, according to data released by Experian in late August. "Over the course of the last year, While fraud in the financial Movers & Shakers CONTINUED FROM PAGE 34 RealtyTrac Names New CEO RealtyTrac has named president and COO Jamie Moyle as the company's new CEO. Moyle's appointment follows the leadership of former CEO Brandon Moore, who will serve as a consultant to the board. Moyle has a record of taking Internet-based businesses to the next level. His most recent achievements include Homefacts, which RealtyTrac acquired in April 2012. Former Fannie Mae Exec Joins DataQuick DataQuick announced that Gordon Crawford, Ph.D., joined the company as VP of analytics. Crawford worked for 20 years at Fannie Mae, most recently as VP of mortgage research. While at the GSE, he also served as VP of the credit research and HCD research and analytics departments and was director of the multifamily research, credit policy, and finance departments. we have seen mortgages continue to be targeted at a high rate," said Nick Mothershaw, director of identity and fraud services at Experian. Thirty-nine out of every 10,000 mortgage applications were fraudulent during the April-to-June timeframe, up from 32 of every 10,000 for the same period last year, according to Experian. On a quarterly basis, mortgage fraud increased 23 percent. Mothershaw said the rise in mortgage fraud stems from "more people trying to misrepresent their personal, employment, and credit information on applications to get properties out of their reach." In fact, 24 percent of all Firefly Legal Director Promoted to VP Position Firefly Legal's director of operations, Matt Massa, was promoted to VP. Massa started with the company in 1997 as a court filer and process server and was promoted in 2004 to director of national operations. In his new position, he oversees the company's directors and works closely with company president Keith McMaster to provide overall direction and guidance for operational activities. WFG National Title Enlists Two SVPs WFG National Title Insurance Company hired industry veterans Steven Dunsmore and Dean Kirchen to manage its default services group. Dunsmore will serve as SVP and title operations manager of default services for both WFG National Title and its sister company, WFG Title Insurance Company. He brings with him more than 30 years' industry experience, 29 of which were spent as SVP with a large title underwriter. Kirchen will also take the role of SVP and title operations manager of default services. He joins WFG National Title with more than 26 years' title industry experience, during which time he helped create the infrastructure and procedures of one of the nation's largest title underwriters. Kirchen graduated from Marshall School of Business at the University of Southern California and received his bachelor's in finance and business economics. Rogers Townsend Gains Two Attorneys in Charlotte Amanda Moore and Tyler John Skitt joined Rogers Townsend & Thomas' Charlotte, North attempted mortgage fraud cases were the result of individuals misrepresenting their credit by hiding certain information. Additionally, 21 percent of instances of attempted fraud came from people "providing misleading employment histories," according to Experian's report. Another type of fraud on the rise, according to Mothershaw, is misrepresenting the intended use of the property, such as applying for a regular residential mortgage on a buy-to-rent property. Combating fraud requires "thorough and efficient validation of customers' identities and the information presented on the application form," Mothershaw said. "It is vital that finance providers share comprehensive and timely information about finance applications and known frauds to help combat this common threat to the industry." Carolina, office. Moore received a bachelor's degree in criminal justice from Appalachian State University and earned her Juris Doctor, cum laude, from Thomas M. Cooley Law School. Her practice at Rogers Townsend focuses on collections on behalf of national financial institutions and locally based lenders. Before joining the firm, Moore worked preparing wills, trusts, deeds, promissory notes, and commercial leases. She also has experience in the area of creditor's rights. Skitt is a graduate of the University of North Carolina at Chapel Hill, and he earned his Juris Doctor from the University of South Carolina School of Law in 2010. As a member of Rogers Townsend's default services department, Skitt appears in state courts throughout North and South Carolina to attend hearings. NewOak Appoints Managing Director NewOak Capital appointed Maureen Stewart as managing director of mortgage credit and compliance services. Stewart has more than 30 years' experience at major banking institutions across consumer mortgage loan products. She most recently acted as senior audit manager for Bank of America, where she managed teams of underwriters in multiple locations. New VP, Managing Director Announced for OpExNow OpExNow named Israel Rodriguez VP and managing director of talent acquisition and management. Rodriguez joins OpExNow from Bank of America, where he served in areas primarily dealing with quality and regulatory compliance. At OpExNow he is responsible for building and maintaining the company's talent organization through recruiting, interviewing, and training. HFF Adds to California, Florida Teams Holliday Fenoglio Fowler, L.P., (HFF) announced the addition of two experienced leaders in its Los Angeles and Orlando offices. Michael Weinberg joined HFF's team in Orlando as associate director. Weinberg previously worked in the firm's Miami office as a senior analyst, and he recently assisted in opening HFF's new Orlando office. In addition, the company announced that Brad Black joined its Los Angeles office as managing director. With more than 20 years' financial experience in capital markets and the commercial real estate industry, Black focuses primarily on debt transactions in Southern California. Before joining HFF, he was a managing partner for Pacific Star Capital, and prior to that, he served as SVP at Countrywide Capital Markets. 35

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