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Compass Real Estate Services Welcomes New EVP

Compass Real Estate Services, a subsidiary of Compass Property Services, announced the appointment of industry veteran J. Glenn Hollis as EVP and regional manager. Compass Real Estate Services is an exclusive cooperative of brokers, providing real estate services to institutional and consumer clients throughout the Southeast United States.

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United Wholesale Ranks No. 1 Among Wholesale Lenders in Q3

United Wholesale Mortgage (UWM), one of the nation's fastest-growing wholesale lenders, has good reason to celebrate going into 2014: The company was ranked on MortgageStats.com as the No. 1 wholesale lender in the country for the third quarter of 2013. It was the first time the lender was able to take the top spot for wholesale origination volume in its history.

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First Financial Enters Fort Wayne Market

First Financial Bancorp is now serving the Fort Wayne, Indiana, market following the company's hiring of commercial and residential mortgage teams in the area. The bank expects to add its full line of consumer products and services in Fort Wayne over the course of the year.

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Genworth Names New Chief Risk Officer

Genworth Financial, Inc., announced the hiring of Lori M. Evangel as EVP and chief risk officer. Evangel joins the company from Aflac, where she served as managing director and chief risk officer for global developments, positions that involved her working to develop the company's investment division risk management function.

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MERS Found Not Liable in Arkansas Suit

MERSCORP Holdings was once again absolved from legal misconduct according to the company. The Virginia-based company announced on Friday that the 8th Circuit U.S. Court of Appeals ruled on December 31, 2013 in Mayme Brown v. Mortgage Electronic Registration Systems, Inc, (MERS) affirming the U.S. District Court's dismissing all of the Clerk's claims against MERS.

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Morningstar Executive Gives Assessment of New CFPB Rules

Under the Consumer Financial Protection Bureau's new rules, servicers will have to provide very detailed and accurate information to borrowers about each aspect of their loans and any foreclosure procedures that may occur, according to Richard Koch, SVP at Morningstar Credit Ratings. Koch believes the new regulations will provide opportunity for some, but hardships for others because of the increased burden of time and expense necessary for compliance.

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NewOak Welcomes Original Exec Back as Head of Business Development

NewOak announced the appointment of Neil McPherson as head of business development. McPherson, who was part of the original business development team when NewOak launched in 2008, returns to the firm with responsibility for coordinating NewOak's client development efforts across all its business lines.

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Trulia VP Joins RESO Board of Directors

Trulia, an online marketplace for homebuyers, sellers, and real estate professionals, announced it is now an industry partner for the Real Estate Standards Organization (RESO), a nonprofit group dedicated to standardizing real estate data in order to promote accuracy and consistency within the industry. The company's own VP of industry services, Alon Chaver, has joined RESO's board of directors, effective January 1.

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