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local edition Or ig i nat ion SERVICING Genworth Gains New Independent Director The company's board grows to 10 with the addition of Melina Higgins. s e c on da r y m a r k e t a na ly t ic s Se r v ic i ng VIRGINIA // In Virginia, Genworth announced the election of Melina E. Higgins to serve as a new independent director on the company's board. Higgins retired in 2010 from a nearly 20-year career at Goldman Sachs. During her tenure there, she served as head of the Americas and co-chairperson of the Investment Advisory Committee for the GS Mezzanine Partners funds, which managed more than $30 billion of assets. She also served as a member of the Investment Committee for the Principal Investment Area, which oversaw and approved global private equity and private debt investments. She was named managing director in 2001 and partner in 2002. Since leaving Goldman, Higgins has served as an independent director of Mylan, Inc., since February 2013. Her election to Genworth's board of directors increases its size from nine directors to 10. "Melina's investment experience and background in financial services bring a valuable perspective to the board as it continues to work with management to rebuild shareholder value," said James S. Riepe, non-executive chairman of the board. ReverseVision Hires New Marketing Manager Kelly Kelleher has more than a decade of experience working on marketing campaigns for major brands. CALIFORNIA // ReverseVision, Inc., announced the addition of Kelly Kelleher to its San Diego office. 48 | The M Report As marketing manager, Kelleher will lead the company's strategy to increase awareness and build upon its continued success as a top software provider for the reverse mortgage industry. "Kelly's years of experience and marketing knowledge makes her a key addition to the company," and intend to play a big part in taking the company's already successful software to the next level," Kelleher said. "I am fortunate to be joining such a well-respected and well-known company that prides itself on the best possible service and innovative technology." said president and CEO John Button. "I'm confident that Kelly will expand our strong brand as well as help launch initiatives that sustain our continued growth." Kelleher joins ReverseVision with more than 14 years' of marketing experience. She has creatively pitched and won multiple digital and social media campaigns over the past several years, having worked at Brickfish.com, which saw her collaborating with major brands such as Microsoft, Victoria's Secret, and David's Bridal. "I truly enjoy working with the vibrant team at ReverseVision Fannie Mae Releases STAR Results for Top Servicers Green Tree, Fifth Third, and Capital One get recognition for their performances in the year's first half. WASHINGTON, D.C. // The results are out for Fannie Mae's program that recognizes topperforming servicers. Known as the Servicer Total Achievement and Rewards, or STAR, the program was created to establish servicing standards and acknowledge Fannie Mae servicers that stand out for their performance, customer service, and foreclosure prevention efforts, according to a release. Only servicers with STAR scorecard results that are at or above median levels compared to those in their peer group receive recognition. Servicers were broken down into different peer groups based on portfolio composition and size. Servicers in peer group one have more than 215,000 Fannie Mae loans, group two has more than 75,000 loans, while group three has at least 500 seriously delinquent Fannie Mae loans. Servicers recognized for the first half of 2013 in peer group one were Green Tree Servicing, Nationstar Mortgage, Ocwen Financial Corporation, PHH Mortgage Corporation, PNC Financial Services Group, Seterus, and Wells Fargo Bank. In peer group two, Fannie Mae gave a nod to Fifth Third Bank and Regions Bank. Meanwhile, servicers acknowledged in the third group were Capital One, Colonial Savings, M&T Bank, Navy Federal Credit Union, Sovereign Bank, and Third Federal Savings and Loan. For the first time, the 2013 midyear results also included key metrics to measure servicer performance and foreclosure prevention efforts. "Our mortgage servicers' efforts are critical to keeping people in their homes, preventing foreclosures, and stabilizing communities," said Leslie Peeler, SVP of Fannie Mae's national servicing organization. "With our expanded 2013 mid-year assessment, we continue to recognize servicers that are on track to meet overall performance scorecard goals while also recognizing more servicers that are top performers in specific operational areas. We are working hard to share more information regarding our STAR assessment process so the industry can more easily identify and adopt best practices for the benefit of homeowners."