TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/1021331
TH E M R EP O RT | 15 MCROWD positioned to succeed for consumers and our customers." In addition to the areas of information technology and cybersecurity, Beauchamp brings significant experience to TransUnion in the areas of strategic planning, risk management, global operations, sales, finance, and mergers and acquisitions. BOB DOUGHERTY Bob Dougherty has been promoted to EVP of Business Development at California-based Calyx Software, taking the helm after predecessor Dennis Boggs retired after 27 years with the company. "I want to thank Dennis for his numerous contributions, which helped our company grow from a small startup to a leading mortgage technology provider," said Doug Chang, Founder and CEO of Calyx Software. "As our industry evolves, it is critical to have a leader in place that not only understands mortgage technology, but also the client- focused culture that drives our decision-making at Calyx. Bob's outstanding performance over the past two years, his experience as a mortgage lender and his dedication to providing a high-quality customer experience will make this a smooth transition for our company and our clients." SHARON REICHHARDTCC Florida-headquartered Aces Risk Management (ARMCO) has promoted Sharon Reichhardt, the company's Director of Client Services to the position of VP, Client Success. In her new role, Reichhardt will manage ongoing adoption by customers of the full feature set of the ACES Audit Technology platform, ARMCO's flagship product. She will also oversee ARMCO's Professional Services Division, which focuses on expanding usage and understanding of the company's technology and data products by working closely with clients to configure the ACES platform for maximum efficiency and return on investment. "As a former client, Sharon knows firsthand the operational challenges that the industry faces and how ACES can be leveraged to save costs, introduce efficiency and transparency, and reduce risk to financial institutions," said Avi Naider, CEO, ARMCO. BRADLEY SHUSTER Washington-based association U.S. Mortgage Insurers (USMI) has announced that Bradley Shuster, Chairman and CEO of National Mortgage Insurance Corporation (National MI), will serve as the association's Chairman. He succeeds Patrick Sinks, CEO of Mortgage Guaranty Insurance Corporation (MGIC), and will be supported in his efforts by Vice Chair Richard Thornberry, CEO of Radian Group Inc. Shuster said, "As policymakers consider how to put the housing finance system on a sustainable, long-term path for the future, I am excited to serve as USMI's Chairman to continue to champion the important role private mortgage insurance plays—and will continue to play—in facilitating responsible low down payment lending while protecting the government and taxpayers against mortgage credit risk." 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 would 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." Know someone moving up in the industry? email us at Editor@theMReport.com. "I have never worked with a more qualified individual than Kathy." —Mick Mulvaney, Acting Director, Bureau of Consumer Financial Protection on nomination of Kathy Kraninger "As policymakers consider how to put the housing finance system on a sustainable, long-term path for the future, I am excited to serve as USMI's Chairman to continue to champion the important role private mortgage insurance plays—and will continue to play—in facilitating responsible low down payment lending while protecting the government and taxpayers against mortgage credit risk." —Bradley Shuster, Chairman, U.S. Mortgage Insurers