MReport September 2015 - Cool Under Pressure

TheMReport — News and strategies for the evolving mortgage marketplace.

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Th e M Rep o RT | 11 MCrowd Darren Thompson B2R Finance has placed Darren Thompson in the position of CFO and EVP of strategy for the company. Thompson brings more than 30 years' experience in the real estate and mortgage industries. His previous positions include executive leadership roles with American Express, Fannie Mae, Morgan Stanley, and Goldman Sachs. * * * LeonarD IsraeL Leonard Israel has joined Flagstar Bancorp as president of mortgage, where he will be responsible for all aspects of Flagstar's mortgage originations business. Israel brings nearly 30 years' experience in the mortgage industry. He has held leadership positions at a number of mortgage providers, including serving as EVP and regional CEO at IndyMac Bank, FSB. * * * Jeff mcGuIness Former Lenders One CEO Jeff McGuiness will now serve as the chief sales officer for Embrace Home Loans. McGuiness will assume responsibility for all three of Embrace's production channels, including retail, consumer direct, and bank fulfillment, consisting of more than 275 loan officers and 50 locations nationwide. GLenn Brunker BOK Financial has hired Glenn Brunker to lead BOK Financial Mortgage. In his new role, Brunker will manage all mortgage origination channels. Brunker has nearly 30 years' financial industry experience. Most recently, he served in an executive leadership role in mortgage banking at Fifth Third Bancorp. Prior to Fifth Third, Brunker served as an executive leader in mortgage banking at National City Bank in Dayton, Ohio. Joseph a. pensaBene In August, residential mortgage servicing and originations veteran Joseph A. Pensabene assumed his new as Selene Finance's next CEO. Along with this new position, he was also elected to the company's Board of Directors. As the company's CEO, he is responsible for accelerating the company's growth and advancing Selene's status as a residential special servicer. naTaLIe owens First Title & Escrow added Natalie Owens to their team based in their Dallas location as a national sales executive. In her role, she will be responsible for business development, client communication, and client management. Prior to joining First Title & Escrow, Owens held the position of VP of Business Relations at Butler & Hosch, P.C., where she aided in business development and client relationship management. * * * maTThew osTranDer Parkside Lending, LLC, announced that their co- founder, majority owner, chairman, and CEO Matthew Ostrander was re-elected as president of Residential Real Estate at the California Mortgage Bankers Association (CMBA) for the 2015-2016 term. Ostrander will be serving his second term president of Residential Real Estate for the CMBA. Prior to this, he was the director for the CMBA Board since 2010. Know someone moving up in the industry? email us at "The mortgage industry is one that technology has bypassed—until now. In the next year, look for lenders to deploy cutting-edge technology that streamlines the lending process and revolutionizes the borrower experience." —Darren Thompson "The biggest issue facing the industry is its ability to innovate. The foreseeable future for growth in the mortgage industry looks flat and those who will succeed will have to differentiate themselves by looking outside of the industry for ideas. we must identify the various buying constituents—not just millennials—and deliver mortgage products in a modern and innovative way. simply put, the industry must do better." —Jeff McGuiness

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