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Industry Pulse: Updates on Aspen Grove, Carrington and More …

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From new Board appointments to technology for compliance lenders, check the latest industry happenings in this weekly update.

JK HueyAspen Grove Solutions, a Maryland-based mortgage technology solutions provider, has appointed JK Huey to its Advisory Board. Huey brings over 35 years of experience in the financial services industry. Recently retired from Wells Fargo, Huey will offer her expertise to assist Aspen Grove in providing technology solutions to the mortgage industry. “JK’s extensive knowledge, industry experience, and exemplary reputation will help guide Aspen’s business to ensure we are providing the right solutions to the industry,” said Sean Ryan, CEO at Aspen Grove Solutions. “We are delighted to welcome JK onto our Advisory Board and we look forward to many years working together to improve the outcomes for everyone including the borrower.” Throughout her career, Huey has demonstrated her passion for excellent service to customers and communities. Before joining Wells Fargo, she held senior management positions at other large companies where she oversaw a variety of areas, including customer service, default management, retail production, and acquisitions.

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California-based Carrington Mortgage Holdings has announced that Rick Sharga has rejoined the company as an EVP. In this role, Sharga will serve as the primary spokesman for Carrington, and will be responsible for public relations and communications, as well as branding and marketing strategies for all of the Carrington Companies. “We’re glad to have Rick back at Carrington,” said Kevin Cloyd, Chief Administrative Officer for Carrington Holding Company. “Carrington has numerous products and services, from our rapidly growing loan origination and servicing platforms, to our consumer-facing online services such as Carrington Connects, which manage every step of the home ownership and mortgage journey, and Rick is uniquely qualified to deliver our messages successfully in all of our markets.”

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Veros Real Estate Solutions (Veros), a Santa Ana, California-based provider of data, analytics, and technology for the mortgage banking industry, has developed a solution for lenders specializing in PACE (Property Assessed Clean Energy) loans in the state of California, where new compliance requirements went into effect on January 1, 2018. VeroPACE, available through the VeroSELECT ordering platform, will generate, analyze, rank, and report the multiple Automated Valuation Models (AVMs) now required for PACE lending by California State Assembly Bill 1284 and the companion State Senate Bill 242. "The passage of this legislation significantly changed the valuation process for PACE loans, which are used to finance greater energy efficiency in homes,” said Veros VP of Sales Rob Walker. “Historically lenders could process a PACE loan in California using the results of a single AVM, but they now need three AVMs and must use a new method of calculating the final value."

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Tulsa, Oklahoma-based BOK Financial Mortgage, a division of BOK Financial, has named mortgage veteran Lee Wardlow to lead the company’s loan servicing business. Wardlow most recently served 15 years in a mortgage servicing leadership role at Bank of America in Dallas. Wardlow brings more than 25 years of mortgage servicing industry experience to BOK Financial Mortgage the company said in a statement. His diverse experience includes leading mortgage servicing operations, subservicing, servicing transfers, strategic portfolio management, and transaction management. Prior to Bank of America, Wardlow developed subservicing for various industry participants. “Lee has a strong history of leading multiple servicing streams like ours while ensuring quality for clients is met,” said Glenn Brunker, president of BOK Financial Mortgage. “His demonstrated leadership for some of the country’s largest mortgage companies makes him an excellent addition to our team and I’m eager to watch him apply his extensive industry expertise for the continued growth of the bank.”

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The Washington D.C.-based Dworbell, Inc., a trade association management firm providing public policy analysis and advocacy, has announced that Edward Seiler, Ph.D. has joined the firm in the role of VP, Research, and Economic Analysis. In this capacity, Seiler will lead economic research for the organizations that Dworbell manages, including the National Housing & Rehabilitation Association (NH&RA), the National Reverse Mortgage Lenders Association (NRMLA), and the National Aging in Place Council (NAIPC). Seiler was previously Chief Housing Economist and Director at Summit Consulting, an analytics firm with expertise in applied economics and mortgage finance.

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