MReport November 2021

TheMReport — News and strategies for the evolving mortgage marketplace.

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12 | M R EP O RT MCROWD She was most recently VP of Member Engagement at the Mortgage Bankers Association (MBA) in Washington, D.C., where she led MBA's residential member recruiting and member en- gagement initiatives nationwide. "Tricia brings deep experience to Lenders One as a seasoned leader in the mortgage industry," said Justin Demola, CMB, President of Lenders One. "She has driven strong growth initiatives at the MBA and has an excellent history with both Lenders One and Altisource. I am confident that Tricia will carry Lenders One's momentum forward and provide tremendous value to our network of members and providers." "I am extremely excited to take on this role and come back home to Lenders One," said Migliazzo, SVP, Origination Sales of Lenders One. "Lenders One serves as a trusted con- sultant for our members to offer our own exclusive solutions and those of the providers in our network to help improve our members' competitive- ness and grow their earnings. I look forward to building upon the over 20- year foundation of Lenders One." SILVIO TAVARES VantageScore Solutions, LLC (VantageScore) announced that Silvio Tavares has been appointed President and CEO. Tavares is a financial services industry and fintech veteran. He was formerly a senior executive at Visa and Fiserv\First Data. For both companies, he led their data and information products businesses, leveraging financial data to decrease risk for banks and merchants while increasing their revenues. More recently, Tavares was Founder, Chairman, and CEO of the Digital Commerce Alliance (DCA), a leading global trade association serv- ing the world's leading banks, fintech, and technology companies, including DCA members companies Bank of America, Discover, MasterCard, Microsoft, and Klarna, among others. He brings deep experience in innova- tion in the fields of financial data and analytics as well as a proven track record of ESG, inclusion and stake- holder management. Tavares earned his Juris Doctor degree from Boston University, MBA from Boston College and B.S. in electrical and computer engineering from Tufts University. He has authored or co-authored over a dozen patents in financial data analytics. "I am thrilled to be taking the helm of VantageScore at a time when the opportunities for the company have never been greater. We will build on the momentum that the company has achieved and intensify our focus on innovation, data-driven outcomes, and financial inclusion while continu- ing to provide lenders with best-in- class predictive credit scoring models across all scoring ranges," Tavares said. "Having a more inclusive financial system has been linked to stronger and more sustainable economic growth and development," said Sid Singh, President of United States Information Solutions (USIS) at Equifax. "Equifax and VantageScore have a shared commitment to ad- dressing the needs of underserved communities, and we look forward to working with Silvio in his new capacity as President and CEO of VantageScore." "VantageScore, like Experian, is deeply committed to helping drive more equitable access to fair and affordable credit for consumers; and innovation and the use of expanded data sit at the center of that commit- ment for both companies," said Alex Lintner, Group President of Experian's Consumer Information Services. "We believe Silvio will continue that mis- sion and progress to a more inclusive financial system. We look forward to working with him to bring more people into the mainstream credit economy." "VantageScore credit risk scores are a central part of the consumer credit ecosystem because they pro- mote greater financial inclusion and offer lenders predictive performance lift across a wide range of industries. The impact and use of these scores will continue to expand, and as a proven innovator in financial data and analytics, Silvio Tavares is an excellent choice to lead the future of VantageScore Solutions," said Steve Sassaman, President & Chief Commercial Officer at TransUnion. Barrett Burns, the founding President and CEO of VantageScore, has transitioned to a newly created position of Vice Chairman. Under Burns' leadership, VantageScore has become part of the mainstream consumer lending landscape and introduced many innovations, includ- ing the unprecedented access to free credit scores and the development of models that are able to safely and soundly score consumers who are "credit invisibles" when conventional, legacy credit scoring models are used. "I would like to thank Barrett for his over 15 years of distinguished service to the financial services industry and for leading the charge to create an environment where competition and innovation thrive amongst credit score model developers," Tavares said. According to a study released in 2019, approximately 12.3 billion VantageScore credit scores were used in a 12-month period ending in June of 2019. VantageScore credit scores were used in that 2019 period by more than 2,500 unique entities, including approximately 2,200 finan- cial institutions. "I have relished the opportunity to create a national brand from scratch and to position VantageScore firmly in the mainstream credit ecosystem," Burns said. "I am particularly proud that since we launched the company in 2006, we have doggedly pursued financial inclusion and developed models that are able to score 96% of all adults 18 years and older in the United States without sacrific- ing safety and soundness standards. As usage of our models continue to grow, I have been heartened that the financial services industry has recently become more focused on this important issue, and I step down knowing that VantageScore is in Silvio's capable and creative hands." INDUSTRY GROUPS NATE HERNANDEZ Nationwide Mortgage Bankers (NMB) has named Nate Hernandez as its new COO. Bringing two-decades-plus of industry experience ranging from originating and operations to sales leadership, Hernandez will focus on supervising all daily operations, while working with leadership to set company performance goals for the firm. "Nate's level of experience in sales, operations, and leadership is a combination that will help us continue to accelerate and support building a world-class sales force that meets the needs of our customers and referral partners," NMB Founder and Chairman of the Board Richard Steinberg said. Hernandez most recently served as the Senior VP of National Sales for Franklin Loan Center, and previously served as National Sales Director for CMG Financial, overseeing the growth and development of sales operations in the mountain and western regions in both roles. He has also owned his own brokerage company and has held executive level positions during his time in the mortgage industry. "One of our strongest core values is that 'We Do,'" NMB President Jodi Hall said. "Nate's track record of suc- cess in leadership and getting the job done aligns with that value. When others say they'll do something, we actually do it. Adding Nate to our team of doers further strengthens our ability to lead with innovation and efficiency, while collaborating across all levels of the organization to grow together." know someone moving up in the industry? email us at

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