January 2016 - Out of the Woods

TheMReport — News and strategies for the evolving mortgage marketplace.

Issue link:

Contents of this Issue


Page 9 of 67

8 | TH E M R EP O RT MCROWD TIMOTHY J. SLOAN Wells Fargo & Company announced that Timothy J. Sloan will now serve as President and COO. Media reports have speculated that this move makes Sloan heir apparent should CEO John Stumpf step down. Sloan has been with Wells Fargo for 28 years, and since 2014, he has served at the head of Wholesale Banking—a role he will remain in. Prior to this position, he was Wells Fargo's CFO from 2011 to 2014. In 2010, he was named Chief Administrative Officer, where he oversaw the company's brand, reputation management, stakeholder engagement, and people development. MIKE WEINBACH/ KEVIN WATTERS JPMorgan Chase named Mike Weinbach CEO of Mortgage Banking in December. Weinbach has been with JPMorgan Chase for 12 years and served in a number of roles, including positions with Consumer Banking, Business Banking, Auto, and Mortgage. For the past two years, he served as CEO of Mortgage Servicing with Chase. Weinbach is assuming his new role from Kevin Watters, who has been with JPMorgan Chase since 1999. Watters will replace Eileen Serra as CEO of Card Services with the bank. Serra is stepping down from her role as CEO of Card Services to become an adviser to JPMorgan Chase. MICHELLE DOYLE Michelle Doyle joins The Compliance Group, Inc., as its new Director of Quality Control. In this role, Doyle will be responsible for overseeing the company's quality control reviews on behalf of clients and directing the firm's QC service efforts. She brings more than two decades of experience in mortgage underwriting, quality control, risk mitigation, and compliance to her new position. Prior to joining The Compliance Group, Doyle was responsible for building out and overseeing the internal QC platforms for Heritage Bank Mortgage (now Renasant Bank). KAL RAMAN Kal Raman resigned his position as President and CEO of Xome Holdings, LLC, and its subsidiaries. Before joining Nationstar Mortgage, Raman spent more than two decades as a leading technology executive. He served as COO for Groupon in addition to serving as CEO of the company's Asia Pacific region. FAITH SCHWARTZ CoreLogic's SVP for Government and Public Affairs Faith Schwartz has been elected to be the new Chair of the Hope LoanPort Board of Directors. Schwartz has been a member of CoreLogic's team since 2013, with the mission of building business and relationships with the government, non-profits, think tanks, and universities. Prior to CoreLogic, Schwartz led the HOPE NOW Alliance. SUHAIL ANSARI Move, Inc., operator of appointed Suhail Ansari as Chief Technology Officer, where he will be responsible for overseeing the company's technology strategy. 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. "The ideal mortgage environment under CFPB and Dodd-Frank is an electronic system that is highly efficient, makes no mistakes, is fully compliant with all regulations, is automated to a point that delivers quality and generates results over and over again." —Mike Weinbach "Appreciate people for who they are, seeing the humanity in others, and treating them as you would wish to be treated. This mindset is critical to fostering a collaborative environment, which is so essential to our success, both personally and in a business environment." —Elyce Schweitzer

Articles in this issue

Archives of this issue

view archives of TheMReport - January 2016 - Out of the Woods