From partnerships and appointments to new technology and data get the latest buzz on the industry in this weekly update.
Fannie Mae recently announced that Manuel “Manolo” Sánchez Rodríguez has been elected to the Board of Directors. Mr. Sánchez served as Chairman and CEO of Compass Bank, Inc., a U.S. subsidiary of Banco Bilbao Vizcaya Argentaria, S.A., and is a banking, financial services, and technology expert. He joins a broadly experienced and diversely skilled Board that is focused on the company’s continued stability and mission to provide access to safe, affordable mortgage financing in the United States. “We are extremely pleased to welcome Manolo to the Fannie Mae Board of Directors,” said Egbert L.J. Perry, Chairman of the Board. “We will benefit greatly from his vast banking and financial services experience, technology innovation track record, and deep business strategy expertise.”
The KLR Group, a Boston-based full service due diligence firm, servicing residential mortgage lenders, servicers and investors with individualized review products and services have announced the new hire of Andrea (Andi) Cochrane to the position of SVP. As SVP, Andi will be responsible for the direct client interaction and development of individualized solutions and quality delivery of product and services. According to KLR, Cochrane has over 20 years of industry experience. Her specialties include: Underwriting, Quality Control, Pipeline Management and Process Management. Under KLR her duties will be client focus areas such as lowering loan/msr rejection, due diligence systems/platforms and workflow improvement/efficiency.
Mortgage Contracting Services, LLC (MCS), a national provider of mortgage-related services, welcomes three new executives to the management team. Ashley Taylor and Bethany Ockerman have been promoted to Assistant Vice President positions and Len Suazo joins MCS as Corporate Controller. "Ms. Taylor and Ms. Ockerman have both shown excellent managerial and leadership skills as longtime employees," said Caroline Reaves, MCS Chief Executive Officer. "Mr. Suazo's experience will certainly be of value in meeting our company's needs. We welcome all three executives to their new roles with the MCS team."
Paladin Advisory Services have announced the appointment of mortgage loan quality subject matter expert John Gray, CFE, CAMS. Gray will drive Paladin’s forensic loan file review programs and enhance its offerings in strategic guidance and training for mortgage lenders. Gray’s prior experience includes working as SVP of repurchases at CITI, SVP of investigations at JP Morgan/Chase, and SVP of fraud prevention at Bear Sterns/EMC Mortgage. According to Paladin, Gray has conducted highly confidential internal white-collar criminal investigations, including misappropriation of funds, and presented educational training programs for the MBA, the FBI, and more. "John is a legend in the industry, having been at the forefront of the fight to maintain data integrity for lenders since his days as a charter member of Freddie Mac’s first investigative unit to his days resolving repurchase issues to the tune of $1.5 billion in recoveries for CITI Mortgage,” said Ann Fulmer, J.D., Principal, Paladin Advisory Services. “John’s experience assessing and mitigating risks posed by correspondents and vendors, coupled with his deep understanding of all aspects of the mortgage origination process, makes him an invaluable resource for mortgage lenders and for Paladin.”