MReport August 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

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12 | TH E M R EP O RT MCROWD 12 | TH E M R EP O RT GOVERNMENT KATHY KRANINGER The Trump administration has announced its nominee to head up the Bureau of Consumer Financial Protection (BCFP, formerly the Consumer Financial Protection Bureau). The White House put forward a nomination for Kathy Kraninger, an Associate Director at the Office of Management and Budget (OMB), to succeed Acting Director Mick Mulvaney, who has served since last fall.The White House's initial statement suggested Kraninger would bring "fresh perspective and much-needed management experience" to the BCFP, "which has been plagued by excessive spending, dysfunctional operations, and politicized agendas." The White House statement continued: "As a staunch supporter of free enterprise, she will continue the reforms of the bureau initiated by Acting Director Mick Mulvaney, and ensure that consumers and markets are not harmed by fraudulent actors." LENDER/SERVICER MICHAEL BOURQUE, JOHN V. BRITTI Ocwen Financial Corporation, a Florida-based financial services holding company, announced that EVP and CFO Michael Bourque has made the decision to resign to accept a position with another financial services company. Additionally, John V. Britti has been named the organization's interim CEO as the company awaits its closing deal with PHH in the second half of 2018. Upon this closing, Glen Messina will assume the role of CEO and President. Britti, who currently serves as Ocwen's EVP and Chief Investment Officer, will continue in these roles during his tenure as interim CEO. LYNN COLLINS AND JOE GRIFFIN Michigan-based Home Point Financial, a national multi- channel mortgage originator and servicer, has announced the appointment of Joe Griffin and Lynn Collins as Correspondent Institutions Managers to help enhance its forward-looking comprehensive services to its delegated correspondent clients. In his new role, Griffin will represent the Institutions Group in Kentucky, Tennessee, North Carolina, and South Carolina. Collins will manage the East Texas and Louisiana regions. "Joe and Lynn are talented mortgage professionals, and I'm pleased to welcome them to our Institutions Group," Steve Landes, Senior Managing Director–Correspondent Division, said. "They understand our commitment to our clients and share our 'We Care' philosophy." BENJAMIN DINKINS Fintech startup LenderClose has announced the addition of Benjamin Dinkins as Sales Executive to its growing team of industry experts. Dinkins will focus on building relationships with credit unions and community banks, introducing them to the competitive differentiation that comes from integrating LenderClose. "Benjamin's dedication, his passion for building strong customer relationships, and his years of experience selling software in the financial services industry will be tremendous assets as we continue to grow our client base," said Omar Jordan, CEO of LenderClose. "As the company accelerates at the rate we anticipate, it will be critical to stay true to our core set of values. We believe in a simple formula: Take care of our clients, and it all comes full circle. Benjamin has everything it takes to ensure LenderClose's client-first experience is felt from the very first interaction." VICTORIA DUNN United Fidelity Funding West (UFFWest) has added Victoria Dunn to its wholesale lending team of account executives. As the National Wholesale Account Executive, Dunn will be working with a team of mortgage professionals to enhance the firm's services and expand its presence. Dunn possesses a demonstrated history in negotiation, business development, account management, direct sales, product marketing, technology, and essentially all facets of mortgage lending. "We are pleased to have been able to recruit someone with Victoria's proven background of successful execution and solution- oriented sales skill sets," stated John Bell, Principal at UFFWest. "UFFWest is expanding operations and adding talent to capitalize on emerging opportunities in the purchase-market business. There is no doubt that Victoria will quickly add value and work well with our tight-knit team of mortgage professionals." FRANCIS LOBO Nationstar Mortgage Holdings Inc., the parent company for the Mr. Cooper brand, announced that Francis Lobo has joined the company as EVP, Chief Business and Product Officer and President of Cooper Labs. Lobo will oversee the Who's moving on and who's moving up in the industry This month, some of the industry's largest companies saw significant changes to their corporate lineups. "We would like to thank Michael for his financial leadership and his many contributions over the last four years. While at Ocwen, Michael has focused his efforts on ensuring the company is in solid financial standing and is well positioned for future success. We respect Michael's personal decision, and we wish him the best in his new position." — Ron Faris, President and CEO, Ocwen

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