MReport August 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

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TH E M R EP O RT | 13 MCROWD organization's digital strategy and product development. "Our team is committed to developing and offering new products and solutions that are more focused on the customer than ever before. Francis brings a wealth of experience to our team, and I am excited to have him on board to lead our product and digital transformation just as he has done at other innovative companies," said Jay Bray, Chairman and CEO of Nationstar. "Our goal is to redefine the homeownership journey by creating a technology-led experience that puts customers first and provides them a better understanding of their home as an asset for their overall financial well-being." ROB ROBERTSON Chase Home Lending has recruited Rob Robertson to lead its home-lending hiring and lending operations in the greater Washington, D.C. region as a Senior Lending Manager. Prior to joining Chase, he managed a sales team of more than 400 in the D.C. metro market area where his team ranked No.1 in market- share growth year over year. "Unlike other markets, the D.C. area comes with many unique opportunities that require someone with an authentic and genuine love for the community," Chase said in a statement. "Rob has a long history with the D.C., Maryland, and Virginia markets. And before his career in banking, he played for the Baltimore Ravens. He has a very close relationship with the D.C. community and will be a great representative for Chase." SERVICE PROVIDER AMIT AGGARWAL California-based announced that due to strong market demand driving a significant expansion of its technological infrastructure, Amit Aggarwal has been promoted to Chief Technology Officer to oversee this initiative. "Our clients and customers value having access to technology that brings unprecedented levels of information and insight to help with their disposition strategies," Jason Allnutt, General Manager of, said. "Our success is directly related to the level of talent within our team, and Amit Aggarwal's dedication in leading our technology expansion demonstrates his ability to identify and implement industry-leading solutions that truly go 'Beyond the Bid.' He is an important member of our organization and in his new role will play a pivotal part in continuing to lead the way in defining technology's impact on our industry." MATTHEW LAVAY Ellie Mae, a cloud- based platform provider for the mortgage finance industry, announced today that Matthew LaVay, EVP and CFO, is leaving the California-based company effective June 15, 2018, for personal reasons. There are no issues involving the company's financial results, internal controls, or financial- reporting procedures that led to LaVay's departure, Ellie Mae reported. The company also announced that there is no change to its financial guidance for the second quarter and full year 2018, which it first provided when it reported its first-quarter earnings on April 26, 2018. Popi Heron, VP and Corporate Controller, has assumed the role of interim CFO. "We have a strong bench of talent in our finance organization and are pleased to have Popi lead our financial operations on an interim basis to ensure a smooth transition as we conduct a search for our next CFO," said Jonathan Corr, President & CEO. "We thank Matt for his contributions to Ellie Mae over the last six years." WILLIAM MUELLER Equator, a California- based provider of default software solutions for servicers, real estate agents, vendors, and other mortgage and real estate industry professionals, announced that William Mueller has joined the company as National Sales Director. Mueller will play a critical role in furthering the establishment of the Equator PRO Suite, a turnkey SaaS solution designed specifically for mid-market customers that leverages Equator's enterprise-class platforms for REO, short sale, foreclosure, and bankruptcy. Mueller will work closely with banks, servicers, hedge funds, and investors to identify and implement the most strategic and appropriate solutions to further their business' growth. As an indispensable part in shaping the way customers leverage Altisource's extensive offerings, Mueller also utilizes the "One Altisource" model to provide multiple solutions to Equator customers. FRANK OBREGON LRES Corporation, a residential and commercial real estate services company that provides nationwide valuations, REO asset management, and HOA solutions for the mortgage and real estate industry, has welcomed Frank Obregon as its Commercial Appraisal Manager. Obregon holds nearly 40 years of experience in the commercial real estate industry and before joining the LRES team served as Director of Commercial Valuation for PCV Murcor, where he managed appraisal- report and appraisal-review production, training, client interface, budget, staffing, and more. Prior to that position, Obregon held a Regional Manager role with Ameriquest Mortgage. "Frank's advanced knowledge and proven success in the commercial real estate industry make him a valuable addition to our team as LRES continues to expand offerings and create efficiencies in the commercial valuation industry," Mark Johnson, President of LRES, said. NICK VOLPE Florida-based ACES Risk Management (ARMCO) has hired industry veteran Nick Volpe as Chief Strategy Officer. In his new role, Volpe will expand the adoption of ACES Audit Technology™ across financial enterprises and shepherd new solutions to market via ARMCO's consultative approach to customer challenges. Volpe's expertise stems from over 23 years of mortgage operational and QC experience, including executive positions at Interthinx, First American Mortgage Solutions, and Clayton Holdings. While at First American, Volpe led the Loan Review Division and functioned as a Subject Matter Expert. He was one of the first employees at Clayton when he joined the company in 2000. JOSEPH WADE OpenClose, the Florida- headquartered mortgage fintech provider, has announced the appointment of Senior Software LOS and Mortgage Software Development Expert Joseph Wade to its growing development team. Wade joins OpenClose from Finastra (formerly D+H). In a statement, OpenClose said that Wade will play an integral role in software innovation and enhancements. "OpenClose is constantly advancing and adding new functionality to our suite of mortgage-software solutions and Joseph's extensive experience in the LOS space coupled with his rich development background will quickly add value," stated Jason Regalbuto, CEO and CTO at OpenClose. "We are excited about what Joseph brings to the table and how he can assist with our long-term software development strategy." LEGAL ROBERT SIMPSON Newbold Advisors, LLC has promoted Robert Simpson to Partner "in light of continued demand for effective Human Capital Solutions in the Financial Services Industry," according to a statement. Simpson has more than 20 years of senior management experience in the financial services industry, including extensive international work in India, Panama, and the Philippines. Robert was previously the Chief Operating Officer at a regional default services law firm. Prior to that, Robert held executive roles with CMS Holdings, Lehman Brothers, Aurora Loan Services, and RBMG. "The advancement of Robert Simpson to Partner overseeing Outsourcing Services, including our Claims Outsourcing business, reflects our strategic focus on providing state-of-the-art, technology-driven BPO services to the mortgage industry," Dan Reiman, Founding Partner, said. Know someone moving up in the industry? email us at

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