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DS News January 2018

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

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16 MOVERS & SHAKERS Got something to share with us? Send it to Editor@DSNews.com. GOVERNMENT GRACE A. HUEBSCHER ELECTED TO FREDDIE MAC BOARD OF DIRECTORS Freddie Mac announced that Grace A. Huebscher was elected to the company's board of directors. Huebscher, 57, is an executive with decades of experience in the real estate and capital markets industries. "We are very pleased that Grace is joining the Freddie Mac Board," said Christopher S. Lynch, Freddie Mac's Nonexecutive Chairman. "She is a seasoned executive with a deep understanding of the multifamily business and the capital markets. We look forward to the valuable insights and entrepreneurial spirit Grace will bring to the board during a crucial period of GSE conservatorship." "[Grace] is a seasoned executive with a deep understanding of the multifamily business and the capital markets. We look forward to the valuable insights and entrepreneurial spirit Grace will bring to the Board during a crucial period of GSE conservatorship." – Christopher S. Lynch, Nonexecutive Chairman, Freddie Mac LENDERS/SERVICERS AMERIFIRST ANNOUNCES HIRING OF PATRICK MARS AS AREA MANAGER AND LOAN OFFICER AmeriFirst Home Mortgage, a division of AmeriFirst Financial Corp., announced that it is adding new Area Manager and Loan Officer Patrick Mars to its Winter Park, Florida branch. AmeriFirst Home Mortgage provides FHAA, VA loans, rural development mortgages, conventional, and renovation lending products. Mars brings nearly 20 years' experience to the role and is charged with growing market share throughout Central Florida while guiding clients throughout the mortgage process. "I wanted to join the firm because of its supportive culture and family atmosphere. It's an organization that I truly want to represent in our marketplace," said Mars. SERVICE PROVIDERS ALLY FINANCIAL WELCOMES DINESH CHOPRA Ally Financial Inc., a leading digital financial services company and a top 25 U.S. financial holding company, announced that Dinesh Chopra has joined the company as its new Chief Strategy Officer. Chopra will lead Ally's Corporate Strategy team, fostering growth and defining the elements of Ally's future strategic plan. Chopra joins Ally from Citigroup where he served as global head of Strategy, Retail Bank, Mortgage, and Fintech and Digital Payments. "In this new role, I have an incredible opportunity to work with the leadership team to push Ally's diversification strategy forward and support our mission of providing digital solutions and services that enable our customers to achieve financial well- being," Chopra said. Keep up with who's doing what and who went where AUCTION.COM ADDS AMIT AGGARWAL AS SVP, PRODUCT AND TECHNOLOGY Auction.com announced the addition of Amit Aggarwal as its new SVP, Product and Technology. In his new role, Aggarwal is responsible for overseeing and implementing technology systems to further enhance Auction.com's online platform, which provides the most optimal real estate experience for buyers and sellers. Aggarwal will be based out of Auction. com's Irvine, California headquarter office. Aggarwal has more than 16 years' proven experience leading, innovating, designing, and executing large-scale enterprise web- based solutions, most recently as CTO of CarFinance.com. "Amit's proven experience and applied expertise in the real estate industry make him a great fit for Auction. com," said Jason Allnutt, General Manager for Auction.com. CLOUDVIRGA APPOINTS NEW CFO Cloudvirga, developer of intelligent mortgage point- of-sale (POS) platforms based in Irvine, California, has appointed Steve DeSantis as its CFO. A seasoned technology finance executive, DeSantis will be responsible for driving Cloudvirga's financial strategies to accelerate its growth. He will report to Cloudvirga's recently appointed CEO, Michael Schreck. DeSantis has more than two decades of financial management experience in the technology sector. Over the course of his career, he has raised more than $250 million, taken two companies public, and sold three companies. "Steve's track record of success in growing tech companies is truly impressive. He's the ideal leader to steer Cloudvirga's financial strategy as we continue to grow rapidly," said Schreck.

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