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The Industry Pulse

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Which companies are merging, and what professionals are moving? See some highlights in this update of the housing and mortgage industries.

 

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HUD

The U.S. Department of Housing and Urban Development (HUD) has four new top leaders who are taking on key roles in the agency at the start of 2018 and during a critical recovery period following last year’s devastating hurricanes. HUD Secretary Ben Carson administered the oath of office to the following individuals recently confirmed by the U.S. Senate: J. Paul Compton, Jr. to become HUD’s General Counsel; Suzanne Israel Tufts to be Assistant Secretary for the Office of Administration; Leonard Wolfson as Assistant Secretary for Congressional and Intergovernmental Relations; and Irving Dennis to serve as Chief Financial Officer. “Today, our bench got a lot deeper,” said Secretary Carson. “These four outstanding individuals bring substantial experience to HUD at a moment when our Department is being called upon to excel as we support millions of our fellow citizens recovering from Hurricanes Harvey, Irma and Maria.”

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Concentrance

Concentrance Consulting Group, Inc., a small minority-owned business founded in 2000, has rolled out a new version of its technology that automates the compliance review process of MBS Issuers who collectively hold over $1 trillion in outstanding issuance. The compliance-as-a-service technology, powered by IntelliMime, ensures step-by-step guide review consistency, and enables real-time government agency management complete with a browser view of each compliance review while in process. The system does all of this in a hosted, cloud-based, data-secure environment consistent with Federal Government requirements. “The technology has a depth to it that is unique,” said Allen Jones, Principal of Concentrance, who went on to say, “IntelliMime takes very complex routines and automates them with reporting, analytics, and dashboards. The system is user friendly and scalable and through workforce optimization can drive down costs and create efficiencies.”

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Situs, a provider of strategic business and technology solutions to the real estate industry, announced that it has entered into a definitive agreement to acquire MountainView Financial Solutions, a service provider to the financial services industry. The transaction, which is subject to customary closing conditions, is expected to be completed on or before January 31st. Headquartered in Denver, Colorado, MountainView is a valuation and risk analytics business for the financial services sector. “MountainView is the premier valuation and brokerage platform for Mortgage Servicing Rights (MSRs), hard-to-value securities, and whole loans, and has a well-earned reputation as an elite provider of risk management analytics for financial institutions,” said Steve Powel, CEO of Situs. “Together with our 2017 acquisition of The Collingwood Group, the MountainView transaction expands our set of capabilities and positions Situs as the trusted advisor of choice within the continually evolving housing finance market, and puts Situs at the nexus of real estate and fintech.”

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Ian Miller

Mortgage Capital Trading, Inc. (MCT), a San Diego, California-based mortgage hedge advisory and secondary marketing software firm, announced that Ian Miller has joined the company as Chief Marketing Officer (CMO). In this newly created position, he is responsible for ensuring that MCT’s marketing strategy effectively supports the company’s business plan and helps drive growth. “We are elated to have been able to recruit Ian to join the MCT team and head the marketing strategy,” said Curtis Richins, President of MCT. “We’ve grown our business considerably over the past several years and had a need to ensure that our brand accurately reflects the robust suite of products, services, and technology we now offer within company divisions. Ian has and will continue to play a key role in making sure MCT maintains a strong reputation in the mortgage industry.” MCT has traditionally been known in the mortgage industry as a pipeline hedge firm but over the years has developed into a fully-integrated provider of capital markets services and software. Miller is charged with developing and executing MCT’s marketing plan and strategic initiatives. Since joining MCT, he has made significant strides in honing the company’s messaging, positioning, branding and creating positive industry awareness for MCT’s value proposition and extensive suite of secondary marketing focused products and services.

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DimontIn its quest to deliver quality, drive productivity, and create growth for this sector, the Dallas-headquartered DIMONT, one of the country’s leading insurance claims adjusting and collateral loss mitigation services providers for residential mortgage and auto loans, has added several industry experts to its team in recent months, including the most recent addition of Laura MacIntyre as Chief Revenue Officer. In her new role, MacIntyre, a 25-year industry veteran, will oversee key growth areas, including sales and marketing, for DIMONT. As a leader, MacIntyre has led the financial growth and expansion of multiple companies during her illustrious career. “Laura’s track record is exemplary,” said DIMONT President and CEO Denis Brosnan. “She is an innovative and accomplished executive with demonstrated ability to deliver mission critical results. Her contributions will position DIMONT for great success in serving our mortgage and auto clientele.”

"DIMONT is uniquely positioned to bring disruptive technology to the industry that can help our customers achieve optimization, digitization, efficiency, and increased output at a lower cost. I look forward to showcasing these offerings and demonstrating the great value they bring to the table for our customers,” MacIntyre told DS News. “The culture at DIMONT is absolutely fantastic and I’m excited to work with a group of professionals who are really focused on the customer and on delivering the best service to the industry.”

About Author: David Wharton

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