TheMReport

January, 2013

TheMReport — News and strategies for the evolving mortgage marketplace.

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Mcrowd Meet the Industry's MCrowd Who's Moving On and Who's Moving Up In the Industry Key leaders on Capitol Hill are leaving their posts to start 2013, while California-based Equator displayed a sunny outlook with a host of new hires. Ashley Bean. Equator has appointed Ashley Bean as the company's VP of certification. Bean will oversee training, certification, and marketing programs for Equator; most recently, she served as a director for HSBC. Bean has also previously worked for Transamerica Financial and GE Capital Mortgage. "Ashley brings a deep industry knowledge and expertise in Equator's platform. Her long track record of developing and implementing agent training will help us educate agents and provide them with solutions that help to grow their business," said Chris Saitta, CEO of Equator. Raj Date. The Consumer Financial Protection Bureau's (CFPB's) former interim head, Raj Date, is leaving his role as deputy director for the organization. Date ran the bureau until January 2012, when President Obama named Richard Cordray as CFPB director in a controversial recess appointment. A spokesperson for the CFPB elaborated on Date's decision to step down, telling the Wall Street Journal that he would schedule his departure "after the CFPB finalizes the slate of mortgage rules Congress mandated." Rick Diamond. WFG National Title Insurance Company is bolstering its leadership lineup, recently adding Rick Diamond as a new VP of information technology for agency operations. Prior to teaming up with WFG, Diamond was the VP and division IT director with one of the country's largest underwriters. With more than two decades of industry experience, Diamond is also actively involved in a housing-related philanthropic organization, the Room to Dream Foundation. T. Wayne Hood, Esq. East Tennessee's largest federal credit union, ORNL, has appointed T. Wayne Hood, Esq., as SVP and general counsel. Commenting on Hood's responsibilities in his new position for ORNL, CEO Chris Johnson elaborated, "Wayne will be a key resource in disseminating compliance information throughout our organization, educating our staff regarding emerging risk management and compliance issues, and coordinating regulatory examinations." Shana Lakso. Announcing the promotion of two company executives, Equator has named Shana Lakso as SVP of relations. Moving up from her previous role as VP of relations for Equator, Lakso was promoted alongside chief information officer James "Jamie" Vinci, who gained an additional title. In her two years with the company, Lakso has led the development of a successful team that has been praised by clients for meeting broad needs of the marketplace and individual objectives. Sevak Markarian. California-based Equator has hired Sevak Markarian as the company's VP of quality assurance (QA). Prior to joining Equator, Markarian served as senior QA director for Accelrys, a global scientific enterprise software provider. Equator CEO Chris Saitta stated of Markarian, "In selecting a VP of quality assurance, we looked for someone with extensive experience in effectively building and managing quality assurance teams, and we feel we have found just that in Sevak." David D. Page. Joining Stewart National Title Services as a business development officer, David D. Page will head up growth initiatives for the company's national commercial business, with a focus on serving the Texas market. Page, who was appointed to Stewart's office in Houston, has more than eight years' experience in the title insurance industry; prior to teaming up with Stewart, Page has worked in sales and business development for both local and national title insurance companies. Jeremy Potter. Connecticut-based Norcom Mortgage is preparing to meet the industry's ongoing regulatory challenges, recently hiring Jeremy Potter as the company's chief compliance attorney. In his position for Norcom, Potter will handle all federal and state regulatory and compliance requirements. Serving as the company's chair of the Consumer Financial Protection Bureau committee, Potter will also be responsible for overseeing internal compliance practices and adherence to rules contained in the Dodd-Frank Act. 20 | The M Report

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