Nov. 2015-Opportunity Knocks

TheMReport — News and strategies for the evolving mortgage marketplace.

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12 | Th e M Rep o RT MCrowd Michael DeVito Wells Fargo named Michael DeVito head of mortgage production. In his new role, he will be responsible for the company's retail and correspondent lending divisions. In addition, he will also oversee all production functions and his teams will be responsible for sales, operations, quality, compliance, underwriting, and support. DeVito has over 26 years' experience in the financial services industry, which includes 19 years at Wells Fargo. In his previous position, he served as the head of Home Mortgage Servicing. He also spent two years as head of Default Servicing, was head of Education Financial Services for nearly three years, and also led Retail Fulfillment for Mortgage. aMan Kothari/ Kristine chin has announced the hiring of Aman Kothari as its CFO. Kothari will be responsible for overseeing the company's financial operations and growth strategies in his new role. He will be based at's Silicon Valley offices in Belmont, California, and report directly to CEO Tim Morse. In addition, also hired Kristine Chin in the newly-created role of VP of consumer engagement, which involves spearheading a cohesive, comprehensive, company- wide effort to help employees understand the company's customers raise awareness of their needs both now and for the future. Chin is a former eBay executive. GaVin t. ales Gavin T. Ales has been selected to serve as chief compliance officer at DocMagic, Inc., where he will have hands-on involvement in the development, implementation, and maintenance of the company's compliance products and services. Ales was the deputy chief compliance officer at Prospect Mortgage, LLC, prior to joining DocMagic. He specializes in mortgage banking compliance; federal and state regulatory compliance; financial services law; real estate law; and consumer credit law, among other disciplines. Dennis hueMan Carrington Mortgage Services, LLC, has appointed Dennis Hueman as SVP of Centralized Lending. In this newly created position, Hueman will lead Carrington's mortgage lending centralized operation in all aspects of tactical management and deployment of corporate objectives to deliver superior products and services. Hueman has over 28 years' experience in both retail and centralized lending platforms. Prior to joining Carrington, Hueman served as SVP of PennyMac Mortgage. Paul MullinGs/ chris neGri The Collingwood Group has added Paul Mullings as a managing director supporting the firm in business advisory and risk management and compliance practices. Mullings served as SVP of Single-Family Business at Freddie Mac prior to joining the Collingwood Group. In that role, Mullings managed Freddie Mac's single-family line of business and became well-recognized for his commitment to enhancing customer experience, improving relationships with seller/servicers, investors and dealers, and strengthening Freddie Mac's market relevance. The Collingwood Group has also hired housing finance veteran Chris Negri as SVP where he will manage critical customer relationships as they cope with franchise-risking regulatory and compliance demands in the new challenging regulatory environment. Negri worked in business development and client management roles for the Promotory Financial Group prior to joining Collingwood. sanDra Parry/ steVe Graff / MarGaret McclunG Sandra Parry has been named senior division president for Wisconsin and Minnesota, overseeing Stewart Title's retail operations in these states. Parry has more than a decade of banking and lending experience, most recently holding the position of VP, closing and sales for the Wisconsin operations. In addition, Steve Graff is to serve as the new division president overseeing the Illinois division. He will be responsible for growing Stewart's Chicago market, serving as the national underwriter real estate professionals seek for compliance, guidance, strategic planning, and industry expertise. Margaret McClung has been placed as agency services manager for the state of Georgia. McClung has been a Stewart associate since 2001 and previously served as an agency support representative, covering Georgia, including metro Atlanta, North Georgia, Athens, and South Central Georgia. Who's moving on and who's moving up in the industry This month some of the industry's largest companies saw significant additions to their corporate lineup. "i expect that in 2016, we will see rising pressure from policy makers, housing advocates, and housing-industry groups to break down barriers to home ownership. it's also a presidential election year. . . . incumbents of both parties in congress are best served by a vibrant economy that starts with a healthy housing market and many more people owning homes of their own." —Kirk Wilson

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