From mergers to new appointments and initiatives, get the buzz on the industry's latest news in this weekly update.
IndiSoft, a Columbia-based technology solutions provider for the financial services industry, has hired Dennis Forget as VP of Business Development. He is responsible for IndiSoft’s efforts to further develop its market presence with small- and mid-sized lenders with a particular emphasis on credit unions.
Forget, a mortgage and consumer lending professional with more than 25 years of experience in various management and leadership roles in operations, technology and business strategy, is joining IndiSoft from First Tech FCU, where he served as VP of Consumer Lending. Previously, he also held executive leadership positions at Vitek Mortgage Group, Wipro Gallagher Solutions, Bank of America, Washington Mutual and Fleet Bank.
“Dennis brings special skills and knowledge about financial institutions, especially credit unions and their unique business model needs, to our company. His broad understanding of mortgage and consumer operations and technology functions, as well as tactical process improvement efforts, system conversions and mergers and acquisitions, will enable us to have unparalleled expertise to share with our customers and prospects,” said Hans Rusli, CEO at IndiSoft.
Garden’s roles at Bendett & McHugh include marketing, client/public relations, event coordinating, strategic planning and corporate communications. In addition to her work with Bendett & McHugh, P.C., Garden also serves as Chairperson of the Connecticut Mortgage Bankers Association's (CMBA) Marketing/Communications Committee as well as the American Legal and Financial Network’s Marketing and Women in Legal Leadership Committees. In 2010, Garden co-founded the Bendett & McHugh Miles for Miracles 5k and Family Fun Walk/Run. She has served as Race Director of this event for the past eight years which has helped raise over $40,000 for Connecticut Children’s Medical Center.
Michigan-based Trott Law P.C. has announced its expansion through a merger with Academy Law Group in Minnesota. Academy Law Group will now operate as Trott Law in Minnesota.
Academy Law Group is a full service default law firm, handling both private investor and GSE/FHA/VA files. After successfully representing banks and servicers for many years, they are dedicated to earning and maintaining a strong reputation for meeting the highest level of quality and customer service. The merger signifies a step into the future for both firms as they bolster its service offerings for clients through a new multi-state presence.
MetaSource, a mortgage quality control services and technology provider, has been accepted to the Standard & Poors’ (S&P) list of reviewed firms that conduct third-party due diligence for U.S. residential mortgage-backed securities. MetaSource is one of only a small group of firms that met the assessment factors that are part of S&P’s increasingly strict criteria for the list.
“The rating is considered to be one of the ‘gold standards’ of the industry, and the fact that MetaSource has achieved it should give investors tremendous confidence in our abilities as we move further into this marketplace,” said Adam Osthed, President and CEO at MetaSource.
In reviewing firms to create the list, which is updated every 18 months, the S&P employs rigorous criteria, scrutinizing such factors as loan data quality, compliance with required underwriting guidelines, property valuation, supporting technology and regulatory compliance.