MReport December 2021

TheMReport — News and strategies for the evolving mortgage marketplace.

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10 | M R EP O RT MCROWD of Customer Operations at Affirm, and most recently, SVP of Customer Support at Inflection. Drake will utilize her operational leadership and expertise to streamline Spruce's procedures, helping to scale the business via automation, technol- ogy enhancements, and increased process efficiency. She brings robust experience streamlining complex processes and optimizing high risk areas to Spruce, having held positions at several fintech companies, most recently as Head of Operations at OnDeck. Spruce's offerings include nation- wide title insurance, closing, escrow, and recording services through pro- prietary technology and centralized teams. Combining machine learning technology with a team of experts, Spruce's scalable model serves lenders, real estate investors, and proptech companies. BILL KAPER Lower, the multichan- nel fintech aimed at helping consumers build wealth through homeownership, has named Bill Kaper as its new CTO. Kaper brings decades of technol- ogy expertise to the company, serving stints as CTO for Silicon Valley fintech Huckleberry, leading engineering for insurtech unicorn turned publicly traded company Root Insurance [ROOT] and at Amazon where he most notably oversaw product and software engineering of their language translation software and machine translation applied science initiatives. "Bill will be instrumental in execut- ing our aggressive product and tech- nology innovation roadmap. He's the perfect infusion of experience, leader- ship, and strategic vision we wanted for our tech team," Co-Founder and CEO Dan Snyder said. "We're proud to add him to the team and get to work making the homebuying pro- cess more accessible and frictionless for our customers." Lower's platform approach to home buying revolves around making the experience as simple as possible. Whether they're looking to save for a down payment, find an expert real estate professional, finance or refinance, or need to purchase an insurance policy, Lower is a one-stop shop that breaks down the barriers to homeownership with its easy-to-use system. With Kaper at the helm, Lower plans to expand upon and enhance its existing products to further speed up and create a more comprehensive home buying process. "My own experience financing through Lower when I moved to Columbus in 2019 showed me the innovation occurring at the company and how it differed from competitors. It was the fastest and easiest closing I had ever experienced. When Dan approached me about the CTO role and shared his vision for building a world class product and engineering organization, I was intrigued," Kaper said. "But when I heard him talk about how Lower is obsessed with the cus- tomer experience and wants to serve them in all phases of their journey, I knew this was a once in a lifetime opportunity." Kaper's appointment is on the tail of the company's record-breaking Series A investment and their partner- ship with the Columbus Crew as their stadium naming-rights partner. PATRICE LE MELLE New Residential Investment Corporation, a provider of capital and services to the mortgage and financial industry, has announced the election of Patrice M. Le Melle, Associate General Counsel at Columbia University, as an independent member of its Board of Directors, bringing New Residential's Board to a total of eight members. "We are extremely excited to welcome Patrice to our Board of Directors during an important time in New Residential's continued evolution," said Michael Nierenberg, Chairman, CEO, and President of New Residential. "Patrice's deep experi- ence with large institutions, including shepherding them through changes in data and privacy, as well as extensive knowledge in government and cor- porate governance, will be valuable assets to our Board. The addition of Patrice to our Board complements our directors' skills and experiences, and we look forward to working with Patrice as we execute on our strategy, drive growth across our businesses and enhance value for all of our stake- holders." Le Melle joined Columbia University in 2008, practicing in the areas of government, general contracts, privacy and data security, sponsored research, and real estate. She also served as an Administrative Law Judge for the New York Department of State and as Deputy Secretary of State and Counsel to the Secretary of the State of New York, providing management and legal advice and services to the Department of State operations. Le Melle began her career as an Associate in the corporate group at the law firm Richards O'Neil, followed by a position as First Deputy General Counsel of the Off-Track Betting (OTB) Corporation. TRICIA MIGLIAZZO Lenders One has announced that Tricia Migliazzo has been appointed as Senior Vice President of Origination Sales at Lenders One. In this role, Migliazzo will man- age the sales teams responsible for Lenders One membership and Lenders One solutions, including CastleLine risk management and insurance, Premium Title title and settlement, Trelix mortgage fulfill- ment, Springhouse appraisal and valuation offerings, and the Lenders One cooperative's preferred vendor, preferred investor and white-label solutions. Migliazzo joins Lenders One with over 20 years of management experience in the mortgage banking industry, including a previous role with Lenders One and Altisource, where she served as Director of Business Development. She was most recently Vice President 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," Migliazzo said. "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." BILL MITCHELL ReverseVision has announced the hiring of Bill Mitchell as Chief Revenue Officer (CRO), a newly created position, where he will oversee the company's sales, business development, and marketing efforts. "Bill is an experienced, technol- ogy-focused sales and marketing professional who holds a deep understanding of the mortgage industry and what it takes to grow fintechs," said Joe Langner, President and CEO at ReverseVision. "There is an enormous amount of opportunity on the horizon for lenders to leverage our technology to augment their revenue streams as the mortgage market tightens. The entire team at ReverseVision looks forward to Bill's leadership as we expand." Mitchell has held senior and executive management positions at established software firms, emerging fintech companies, and also start-ups, including Computershare, Origence, OpenClose, and eOriginal, among others. He has an extensive back- ground in loan origination systems (LOS), digital mortgage technologies, and software platforms. know someone moving up in the industry? email us at

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