TheMReport

January, 2013

TheMReport — News and strategies for the evolving mortgage marketplace.

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Valuation Reflux Disease? Publisher Publisher contributing editor online editor contributing editor Publisher theMrePort.coM online editors editor associate Publisher coPy Jon Ball Jon Ball Abby Gregory Ryan Schuette Abby Gregory Mark Hulme Ryan Schuette Bob Repass Alison Rich emily White Youree Abby Gregory coPy editors heather hill Alison Rich Online Editor Tory Barringer theMrePort.coM Editor theMReport.com contributors phil BrittWhite Youree emily Alison Rich hill Bob Calandra heather Emily White Youree eric Fox contributors Jack Konyk phil Britt Contributors Phil Britt Mark Lieberman Bob Calandra Bob Calandra creative director Jason Stone eric Fox Mark Lieberman art director Jack Konyk Jonathan Won Joan Trice Copy Editors YOUR business is OUR business! First American Mortgage Services is laser focused OUR business is OUR business! on mitigating YOUR cost, risk and exposure by aligning st Americanour advancedServiceswith YOUR strategicon Mortgage solutions is laser focused objectives and compliance needs. igating YOUR cost, risk and exposure by aligning We are the New YOUR strategic 120 years young, advanced solutions with First American, overobjectives strong and d compliance needs. financially secure. associate art directors creative director creative director design director Art Director operations are clogged and you can't find relief. Jason Stone Sean Walker Jonathan Won Jonathan Won advertising Dina Duncan (214.525.6740) associate art directors Bruce Sons associate art directors Jason Myers (214.525.6760) Bruce Sons Jen Childers Andi ZimmermanLoha-Unchit Chanyanont Danielle Marino (214.525.6724) art director technology Toby Tull Sean Walker Sean Walker Brandon Shangraw director of sales advertising Pete Stanton (214.525.6751) Dina Duncan social Media Leon McKenzie (214.525.6740) Advertising Robyn Clayton (214.525.6716) Jason Ani Vera Myers (214.525.6760) Thomas Griffin (214.525.6754) Andi Zimmerman (214.525.6724) circulation/corresPondence Celina Hoierman (214.708.2344) David Avila technology Ryan McLemore (214.525.6723) Toby Tull Jason MyersShangraw Brandon (214.525.6760) design Director design director THEFIVESTARINSTITUTE social Media Leon McKenzie social media Leon McKenzie FORDEFAULTSERVICINGPROFESSIONALS Ani Vera Melissa Martin Technology corPorate Brandon circulation/corresPondence officers Shangraw Celina Avila circulation chairMan & chief creative officer You First the symptoms… 120 years young, are the New know American, overyour regulator gives you a headache, you are ong and financially secure. experiencing repurchase pain, your Mark Lieberman Adam Weinstein Bruce Sons Chanyanont Loha-Unchit Jason Stone chief executive officer Chasity Clary Mark hulme edward R. Delgado THEFIVESTARINSTITUTE Andi Zimmerman business develoPMent FORDEFAULTSERVICINGPROFESSIONALS John harrison chief financial officer director of huMan resources ernest Gillespie corPorate officers Corporate Officers director of oPerations Toby Tull Chairman & chairMan & Mark Hulme Mark hulme account Chief creative officer executives chief creative officer "An ounce of prevention is worth a pound of cure." —Benjamin Franklin. senior account executive Chief Financial Officer Donna Lott (214.525.6792) John Harrison Jason Myers (214.525.6760) edward Rick Creel R. Delgado account executives Renee Charles (214.525.6742) Director of accounting Ernest Gillespie business develoPMent Thomas Griffin (214.525.6754) Andi Zimmerman chief financial officer Kristin Larson (214.525.6713) John harrison Marketing Ryan McLemore Travis Bogdon director of huMan resources (214.525.6706) Matt Hulme ernest Gillespie sPonsorshiPs chief executive officer Chief operating Officer Marketing Production director of oPerations Travis Bogdon Daniel Meeks Toby Tull Matt hulme Chris McKee Production Kyle Curtis Art Direction J ason Stone senior account executive Miguel Martinez(214.525.6792) Donna Lott Sean Walker Christian McCrossan Jonathan Won account executives Contact: Neal Caudle at 404-556-1705, ncaudle@clearbox.com Joan Trice at 513-659-1656, jtrice@clearbox.com sPonsorshiPs concierge account executives art direction Jason Myers (214.525.6760) Jen Childers Celina Avila Renee Charles Danielle Marino Jason Stone (214.525.6742) Thomas Griffin (214.525.6754) Sean Walker Jonathan Larson (214.525.6713) Kristin Won No part of this publication may be reproduced without written permission from the publisher. Ryan McLemore ©2013 REO may be LLC No part of this publication Publishing reproduced without (214.525.6706) All Rights Reserved written permission from the publisher. Marketing accurate, authoritative, and detailed This publication is intended to provide Travis Bogdon Insight | Innovation | Integrity First American Title Insurance Company and First American Mortgage Services make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. FIRST AMERICAN and FIRST AMERICAN TITLE are trademarks owned by First American Financial Corporation. www.clearbox.com ©2011 Reo publishing LLC information in regard to the subject matter covered. All written materials are All Rights the publisher is not engaged in rendering Matt disseminated with the understanding that Reserved hulme legal advice or other professional services. Under no circumstance should the This publication is intended to provide accurate, authoritative, and detailed Production information contained herein be relied matter covered. All written materials are be uponKyle Curtis it is designed to as legal advice as information in regard to the subject a source of information only. MReport strongly encourages the use of qualified disseminated with the understanding that the publisher is not engaged in rendering Martinez attorneys or or other professional services.Miguelcircumstance should the legal advice other qualified experts with regard tono subject matter covered. Under the MReport does not guarantee the accuracy of thelegal advice as it is designed to be information contained herein be relied uponChristian McCrossan any as information and is not liable for damages, losses, or other only. MReport strongly encouragesuse of these materials. a source of information detriment that may result from the the use of qualified attorneys or other qualified experts with regard to the subject matter covered. concierge Celina Avila MReport does not guarantee the accuracy of the information and is not liable for any damages, losses, or other detriment that may result from the use of these materials. art direction Jason Stone Sean Walker Jonathan Won Follow us. © 2011 First American Financial Corporation and/or its affiliates. All rights reserved. better information. better decisions. 2 | 2 | The M RepoRT The M Report No part of this publication may be reproduced without written permission from the publisher. ©2011 Reo publishing LLC All Rights Reserved This publication is intended to provide accurate, authoritative, and detailed information in regard to the subject matter covered. All written materials are disseminated with the understanding that the publisher is not engaged in rendering legal advice or other professional services. Under no circumstance should the

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