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As individuals make their way through the industry and companies merge, follow all the important highlights in this weeks update.


Screen Shot 2017-11-22 at 8.30.51 PMIndiSoft, a technology development firm that specializes in systems for the financial services industry, has added Hans Rusli and Amit Sheth to its advisory board. Sheth and Rusli each bring significant experience in the banking and financial services industries and will play vital roles in IndiSoft’s business strategy.

“We are honored that these two industry titans have joined our advisory board,” said Sanjeev Dahiwadkar, CEO of IndiSoft. “Their broad and successful experience and knowledge of credit risk management and technology will give us fresh perspectives on how to strengthen IndiSoft’s suite of compliance tools and bolster our market presence.”


Potestivo & Associates, P.C. announced Alexander Potestivo has been promoted to Associate Attorney. He will serve and represent our law firm in his new capacity out of our Chicago, Illinois, office assisting with matters related to Creditors’ Rights Litigation and Foreclosure.

Brian Potestivo, President-Managing Attorney, stated, “We are pleased with Alex’s hard work and commitment to excellence. I am extremely proud of our newest Associate Attorney.”

Alex Potestivo initially joined Potestivo & Associates, P.C., in 2008 as a File Clerk in the Firm’s Rochester, Michigan, office. This allowed him to hone his skills and become a valuable team member through both file management and process serving. He was subsequently promoted to a Law Clerk position in the Firm’s Chicago, Illinois, office where he truly discovered his niche.


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PHH Corporation recently announced that Albert Celini has joined the Company as SVP, Risk and Compliance. Celini will succeed Leith Kaplan and assume the role of Chief Risk and Compliance Officer of PHH Corporation, effective January 1, 2018. Kaplan, has served as the Company’s Chief Risk and Compliance Officer since 2014, and will continue to serve in this role through December 31, 2017.

Robert B. Crowl, President and CEO of PHH Corporation, said, “As we execute against our key priorities and transition our business, we remain focused on compliance and enterprise risk management as fundamental components of our business strategy. Al’s proven track record and extensive experience in this field, combined with his background working in the mortgage and financial industries, make him a strong fit for the role and PHH.”


Cloudvirga, developer of intelligent mortgage point-of-sale (POS) platforms, has appointed Steve DeSantis as its new Chief Financial Officer. A seasoned technology finance executive, DeSantis will be responsible for driving Cloudvirga's financial strategies to accelerate its growth.

DeSantis has over two decades of financial management experience in the technology sector. Over the course of his career, he has raised more than $250 million, taken two companies public and sold three companies.

"A unique combination of mortgage expertise and technical chops enables Cloudvirga to deliver a best-in-class digital mortgage platform that three of the country's top eight lenders trust," said DeSantis. "My focus will be on mapping a financial strategy that positions Cloudvirga for continued exponential growth.”


Fannie Mae recently announced it received a perfect score of 100 percent on the 2018 Corporate Equality Index (CEI). The national benchmarking survey and report, calculated by the Human Rights Campaign (HRC) Foundation, ranks corporate policies and practices related to lesbian, gay, bisexual, transgender, and queer (LGBTQ) workplace equality. The honor marks Fannie Mae’s fourth consecutive year earning a perfect score on the CEI.

“Greater inclusiveness makes Fannie Mae stronger and helps us better see, serve, and listen to our diverse range of customers and partners across America.” said Timothy J. Mayopoulos, President and CEO of Fannie Mae. “We are extremely proud to be recognized by the HRC Foundation for the strides our organization continues to make in ensuring we are all working in a culture that enables all employees to be fully engaged and feel respected and valued for who they are.”

About Author: Nicole Casperson

Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech's College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected].

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