From hirings, tech releases, remembrances, and more get the latest news the industry's top companies in this weekly update.
Potestivo & Associates, P.C., announced the hiring of Marc Wagman, who will serve as Supervising Bankruptcy Attorney in the Chicago office, and Cheryl Cook, who will serve as Supervising Bankruptcy Attorney in the Rochester office. Potestivo & Associates, P.C., provides providing legal solutions to the real estate finance and credit industry. Headquartered in downtown Rochester, Michigan, the firm also maintains full-service operations in Rochester, Michigan, and Chicago, Illinois, with a satellite office providing select services in Grand Rapids, Michigan.
Prior to joining Potestivo, Wagman worked at a variety of law firms in the Chicago area, including his own private practice where his focus was creditors’ rights and consumer financial issues. Cook brings over 22 years’ experience representing banks, lenders, and businesses in bankruptcy proceedings, commercial litigation, loan workouts, and general creditors’ rights matters.
Charlotte, North Carolina-based real estate company Showcase Realty has made new additions to its roster of agents. This month, the company’s team has grown with the signing of six new real estate professionals—Renee King, Lucius Fulks, Rachael Ba, Nancy Sherwin, Rachel Norton, and Kelly Feeley.
Owned and run by Nancy Braun, Showcase Realty seeks to provide the highest quality, most innovative and exceptional real estate service in Charlotte. The company boasts of its team of over 50 agents, who are all committed to serving their clients based on honesty and integrity. One of their happy clients wrote in his review, “I recently purchased a home in Charlotte in Sedgefield area and Showcase Realty with Nancy Braun and her team were very knowledgeable about the area, but what really set them apart were their negotiation skills with the buyer. I was also impressed with the contractors that they recommended to me for some enhancements that I did with the place.”
Pennsylvania-based LoanLogics, a loan quality technology provider for mortgage manufacturing and loan acquisition, has announced that it has enhanced its LoanHD Investor Module for Correspondent Loan Acquisition by expanding the mandatory loan commitment options and adding direct trade capabilities, improving the ability of both investors and sellers to lower costs and enhance profitability.
In a statement, LoanLogics said that the investor module automates every step in an investor’s loan acquisition workflow from initial loan pricing, creation, and management of commitments all the way through locking, hedging loan funding and onboarding.
Bank of America announced the death of its vice chairman and head of Global Wealth and Investment Management Terrence P. Laughlin recently. Laughlin, 63, had also been a trustee of the Urban Institute since 2015.
“Terry was so much more than a trustee. He was the rare individual who brought selfless commitment, profound knowledge, rich experience, and a gracious, collegial demeanor to our work in improving America’s communities,” said Jamie Gorelick, chair of the Institute’s Board of Trustees. “He will always be a model for us in our work and in our lives.”
Laughlin previously served as Bank of America’s Chief Risk Officer and had also led the company’s Legacy Asset Servicing group.