Taking the Bait

TheMReport — News and strategies for the evolving mortgage marketplace.

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Th e M Rep o RT | 11 MCrowd Tim morse Yahoo! Inc.'s former CFO and interim CEO has joined as CFO and EVP, the real estate marketplace announced. According to Auction. com, Tim Morse will work out of the company's Silicon Valley office, overseeing financial operations and growth strategies. "As we position ourselves for a new phase of growth, Tim's expertise and experience with fast-growing technology companies are important additions to the management team," said Jeff Frieden,'s CEO and co-founder. Brandy may In Colorado, First Valuation promoted Brandy May to the new position of COO. May has more than 17 years of experience in the property valuation industry. She has served in a number of roles throughout her tenure at First Valuation, working to implement new valuation products in its growing portfolio and building on client relations strategies. Working out of the company's corporate headquarters in the Denver area, May will assume oversight for First Valuation's day-to-day operations. Chad ruggles Moving forward in its efforts to expand lending options for non-prime borrowers, Carrington Mortgage Services, LLC, announced the appointment of a new national sales director hired to focus on what the company says is an underserved market. Joining Carrington from his prior position at CitiFinancial, Chad Ruggles will work to direct the firm's retail sales operation, focusing on growing its geographic footprint and providing a wide range of offerings to meet market demands, especially among those borrowers in the sub-640 FICO score range. randy lighTBody RECOVCO, a national firm specializing in due diligence, mortgage quality control, and valuation services, named Randy Lightbody at its new CEO. Lightbody has nearly three decades of experience in various senior executive roles and has been a key player in building and deploying business solutions at a range of companies, including Morgan Stanley, Bank One, Royal Bank of Canada, and Countywide Bank. He joins RECOVCO from Digital Risk, where he served as EVP of sales, marketing, and strategy, anThony Box NetDirector announced that Anthony Box has joined the leadership team as VP of sales. Box will be responsible for leading NetDirector's sales team in executing new sales opportunities with existing clientele, as well as identifying new industry opportunities for expansion. Commenting on his new position, Box said, "I am proud to be part of the team, and I am greatly looking forward to working with companies to enhance their highway of data and document communications." dan devine Real estate veteran Dan Devine has joined Long & Foster's Greenville, Delaware, office, the independent real estate firm announced. Devine has been a real estate professional for more than 12 years and was formerly a top producer with another local firm before joining Long & Foster. He specializes in working with buyers and sellers in all areas of residential real estate in New Castle and Sussex counties and also has experience in new construction projects and land development. eshna ghosh Wingspan Portfolio Advisors, an award- winning diversified mortgage services company operating in the Dallas area, promoted veteran Eshna Ghosh to the newly created position of SVP of business development. "Eshna has been an integral part of Wingspan's success," said Wingspan president and CEO Steven Horne. "With our industry and regulatory environment constantly changing, her skills at opening doors and helping to grow our business lines have been extremely successful to the business development team." naThan Chandler Linear Title & Closing appointed Nathan Chandler as COO. In his position, Chandler is now responsible for structuring Linear Title's operational policies and procedures, as well as those of its subsidiaries. "I am very excited to accept this position," he said. "Being involved in the start up and subsequent rapid growth of Linear Title over the past eight years has been exciting and I am looking forward to continuing on our path of providing quality products and services across all of our brands." roBerT hoose The Law Offices of John D. Clunk announced the firm's own Bob Hoose has been sworn in as a board member for the Ohio Mortgage Bankers Association. In a statement, Clunk's office said Hoose will remain committed to working with mortgage originators, loan officers, mortgage lenders, and servicers on any and all areas of the mortgage process, adding that he "will work diligently in all areas committed to excellence for the consumer." JusTin summers DocuTech Corp., a specialist in compliance and documentation technology, announced a promotion among its ranks: Justin Summers was named director of implementations and professional services for the Idaho-based firm. Stepping into his new role, Summers is now responsible for process improvement, technical solutions, and workflow analytics, putting his experience to work to support DocuTech's continuing growth. danya sawyer Moving up the ranks at W.J. Bradley Mortgage Capital is Danya Sawyer, who has been promoted to SVP of mortgage operations. In this role, Sawyer will be responsible for heading the overall mortgage operations of the company, specifically mortgage fulfillment, secondary marketing, product development, pricing and margin management, servicing channels, and warehouse operations. Sawyer enters her new role with more than 12 years of experience in residential mortgage lending and operations experience. viCky elleray In Arizona, Capstone Mortgage announced the newest name in its recent hiring spree: Vicky Elleray has joined the Scottsdale-based company as operations/servicing manager. Previously, Elleray worked as the field operations manager at CUNA Mutual Group, managing 70 field operations staff who worked to provide direct service to clients nationwide. She also served as operations manager and VP/ strategic account executive at Balboa Insurance for two years. Know someone moving up in the industry? email us at Who's moving on and who's moving up in the industry

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