""Prommis Solutions"":http://www.Prommis.com, an Altanta-based provider of outsourced services for the mortgage default resolution process, has promoted five executives, giving them new responsibilities in support of the company's growth plans for the remainder of 2011 and into 2012.[IMAGE]
Kevin Phelan, in his new position as SVP of East Coast foreclosure operations, will oversee all foreclosure functions for the states serviced by Prommis on the country's eastern seaboard, including Florida.
Phelan has been with Prommis for six years. He most recently managed the Georgia foreclosure team and was vice president of Statewide Tax & Title Services, LLC, a wholly owned subsidiary of Prommis Solutions. Prior to joining Prommis, Kevin was a supervisor in the foreclosure department of McCalla Raymer, LLC, a provider of legal services to the mortgage industry.
Brandy Green, as VP of REO operations, will assume executive responsibility for all eviction and title support services. She will also continue to oversee the company's REO settlement support business unit, which processes over 5,000 transactions per year.
Green has been with the company since 2001, during which time she has worked as a foreclosure specialist and operations manager for Prommis' Statewide Tax & Title Services division.
Matthew Thigpen, SVP of accounting and finance, previously managed the company's financial planning and analysis team since he joined Prommis in 2009. As part of this promotion, he will also now be responsible for the accounting department and its teams.[COLUMN_BREAK]
Michelle Ansley is now SVP of administrative services. Leading up to this role, Ansley was the company's top human resources executive, serving as VP of human resources and shared services.
Ansley was previously overseeing all aspects of human resource management for the company's 1000-plus employees and had been taking on increasing responsibilities, which included administrative services and the sales and marketing teams. She will now oversee all of these divisions under her new title.
Steven Collier, VP of loss mitigation, was previously one of the company's national accounts directors. In his new role, Collier will oversee daily operations, vision, strategy and management of Prommis Homeownership Solutions, a Prommis Solutions Company.
Prior to his work with Prommis, Collier was an assistant VP with JPMorgan Chase Bank, where he managed the loss mitigation pre-closing team, the forbearance follow-up team, and the inbound call group for the home equity division. His career includes additional executive positions with Saxon Mortgage, California-based Fremont Investment and Loan, and Citigroup.
The promotions come at a time when Prommis Solutions is focusing on growth initiatives. The company sees the current environment as an ideal time for companies to outsource key components of the default process.
""The market is creating a big opportunity for us,"" said Denis Brosnan, CEO of Prommis Solutions. ""There's a lot of unpredictability in terms of volume, which is making it difficult for lenders and servicers to maintain appropriate staffing levels. If they over-staff, then they end up overpaying for labor they're not using. If they under-staff, they fall behind when times get busy.""
Brosnan added, ""The market's erratic movement is creating a big need for outsourcing as it allows companies to bulk up and cut back their staffing on an as-needed basis, without significant fixed obligations.""
Prommis Solutions is an on-shore domestic provider of compliant outsourced services for every stage of the mortgage default process, from initial delinquency to loss mitigation, foreclosure alternatives, and REO settlement. Services can be ordered for as many or as few stages of the default process as each client requires.