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Author Archives: Heather Cernoch

BlackBox Logic Expands Team with Business Strategist, Programmer

Denver-based BlackBox Logic LLC has hired Scott Spittler as a senior applications developer and David Feiner as its new business strategy associate to support the company's recent growth. The data aggregation service company provides a database of loan-level collateral underlying non-agency residential mortgage-backed securities (RMBS) for investors, broker/dealers, and researchers.

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Commercial Real Estate Talk Radio Show Launched

The only national radio talk show devoted to commercial real estate, ""Commercial Real Estate Show,"" launched October 2 on CREshow.com and in Atlanta on Biz 1190 AM (WAFS). The weekly show is geared toward business owners, investors, property owners, lenders, and people in businesses related to commercial real estate. It highlights news and market updates, and features industry guests discussing a weekly topic, such as commercial loan workouts.

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NAWRB Advocates Industry’s First Women-Owned Business Certification

The National Association of Women REO Brokerages (NAWRB) intends to fill a void within the distressed services industry by advocating for a uniform, industry certification for women business owners. No mechanism currently exists to ensure that women-owned businesses (WOBs) are actually woman owned and operated, according to the Irvine, California-headquartered organization.

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NCS Expands Team with Three New Senior Positions

NCS, a New Jersey-based provider of income, identity, and credit intelligence for mortgage lending, has expanded its executive and management teams with the addition of three senior-level team members. Chuck Burke joins as VP of credit reporting; John Campbell is NCS's new national account executive; and Cecil Bowman has been named SVP of industry/government.

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New Smart Phone App Matches Home Seekers to Foreclosures

Visionary Apps LLC recently announced the third release of its suite of real estate-related smart phone applications. The company says the new suite puts detailed information on new foreclosures in the palm of homebuyers' hands. Complete Realty Suite apps include millions of listings nationwide from multiple sources, including MLS listings.

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Equator Introduces Solution for Invoice Tracking and Approval

In an effort to simplify the invoicing process and expedite reimbursements for the servicing industry, Equator has created an invoice tracking system called EQ Invoice Module. The company says the system streamlines the approval process by allowing servicers to configure different rules per portfolio and communicate with agents and vendors online. All existing Equator clients have access to the new EQ Invoice Module.

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LenderLive Network Hires Financial Industry Veteran as Sales VP

LenderLive Network Inc. recently welcomed Pete Butler to its team as VP of national sales. Previously, Butler was a director responsible for business development and account management at Interthinx. He has also worked for Lehman Brothers Mortgage Capital Division, Countrywide Credit Industries, Wells Fargo, and he developed the mortgage division for Citizens Bank Corp.

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Green River Promotes Stephen Sherman to COO of Sister Companies

Green River Capital (GRC), an REO asset management and loss mitigation provider, recently promoted Stephen Sherman to COO of its sister companies, Green River Financial (GRF) and Infinity Valuation Services (IVS). In his new role, Sherman will oversee operations at GRF and IVS, the group's short sale program provider and BPO company, respectively.

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DocuTech Expands with New Denver Data Center

DocuTech Corp., a provider of compliance services for mortgage documents, has opened a new data center in Denver, Colorado. According to a statement from the Idaho-headquartered company, the data center signifies a conversion from physical servers to virtual machines (VM Ware) to improve business continuity and support continued growth, a move that was completed last month.

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Davidson Fink Adds New Associate Attorney

The Rochester, New York, law firm of Davidson Fink LLP recently announced the addition of its new default servicing associate attorney, Scott A. Sydelnik. With a background in residential and commercial real estate, mortgage lending, and foreclosure and bankruptcy law, Sydelnik will specialize in foreclosure and creditors' rights in bankruptcy.

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