MReport November 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 JOHN FORLINES MANUEL SÁNCHEZ RODRIGUEZ Fannie Mae announced the promotion of John Forlines to SVP and Chief Risk Officer. In addition, Fannie revealed that Manuel "Manolo" Sánchez Rodríguez has been elected to the board of directors. Forlines will report to the CEO and manage Enterprise Risk Management (ERM). He has been interim CRO since March 2018. "Today's promotion reflects my confidence and the confidence of our board that John is the right person to continue to strengthen Enterprise Risk Management and to lead its drive to become a world-class risk organiza- tion," said Fannie Mae CEO Timothy J. Mayopoulos. As for Rodríguez, he served as Chairman and CEO of Compass Bank, Inc. and is a banking, financial services, and technology expert. "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." LENDER/SERVICER JORDAN LICHT DANNY HORANYI In a top management shake-up, the Coppell, Texas-based Caliber Home Loans announced that it had appointed Jordan Licht as COO, Production, and Danny Horanyi as Head of Non-Agency Lending. "I'm delighted to recognize these individuals that have proven track records of leadership and success," said Caliber Home Loans CEO Sanjiv Das. "I'm confident that these changes will help us accelerate our growth, improve our competitiveness, and continue to position Caliber as the most highly regarded nonbank lender in the industry." Licht's previous experience at CoreLogic includes SVP, Head of Strategy, Planning, and Analytics. Other experience includes the Executive Director position at Morgan Stanley. Horanyi is the previous SVP of Retail Innovation with Caliber Home Loans. He also served as a branch manager for loanDepot. GLEN A. MESSINA Concurrent with Ocwen Financial Corporation's completion of its acquisition of PHH Corporation for approximately $360 million in cash, Ocwen also an- nounced that Glen A. Messina had become the President and CEO of Ocwen and a member of Ocwen's board of directors. "The close of this acquisition marks a new chapter in our history and creates a strong nonbank mortgage servicer, positioned for growth, and better able to serve borrowers and loan investors," said Phyllis Caldwell, Chair of Ocwen's board of directors, in a statement. The newly combined company, as of June 30, 2018, services approximately 1.7 million loans with an unpaid principal balance of over $296 billion. In 2017, the combined company originated more than $3 billion of residential mortgage loans, including reverse mortgages. BOB EHRLICH Maryland-based mortgage lender NewDay USA has announced that former Maryland Governor Bob Ehrlich has joined the company's board of advisors. "Our advisory board plays an active role in support of our steadfast mission of helping veterans and their families achieve the American dream of homeownership and the financial security they deserve," said Rob Posner, CEO of NewDay USA. "Governor Ehrlich's understanding of the legislative and regulatory process, as well as his executive leadership as governor, make him an outstanding addition to our distinguished board and to NewDay's mission of serving veteran families." Before serving as governor, Ehrlich served four terms in the U.S. House of Representatives. As a congressman, he cosponsored numerous pieces of legislation to improve benefits for veterans and their families, including the Military Survivor Benefits Improvement Act of 2002 and the American Dream Down Payment Act. MARK MICHEL OpenClose, a multichannel loan origination system (LOS) and mortgage fintech provider, announced the hiring of Mark Michel, an industry veteran in enterprise-level mortgage-technology systems. According to OpenClose, Michel has an extensive track record of successful execution during his tenure at lending entities, as well as at mortgage technology providers. He will serve as a software integration analyst where he will focus on the company's LenderAssist LOS, 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.

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