July 2016 - Lessons Learned

TheMReport — News and strategies for the evolving mortgage marketplace.

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"We're still very TRID focused this year, especially because of the clarifications we're expecting in July from the CFPB around rates/fees and tolerances as well as the upcoming TRID exams that will focus. These findings and rule clarifications will be great intel for us to get ahead of the curve to help lenders effectively manage the new highly regulated mortgage origination process." —Matthew Lichtner, ClosingCorp TH E M R EP O RT | 9 MCROWD Chief Information Officer for the Federal Savings Bank in Chicago, a veteran-owned bank with a focus on VA and FHA loans for military and first-time home buyers. Before that he also served as the Director of Information Technology for 15 years at Guaranteed Rate. MATTHEW LICHTNER ClosingCorp welcomed Matthew Lichtner as the company's VP of Sales, Strategic Relationships. In this position, Lichtner will be responsible for developing and maintaining technology-provider relationships. Lichtner has more than 25 years' experience sales in the mortgage lending industry. Most recently, he was a national sales executive at ServiceLink, where he was responsible for new business development and account oversight for origination products and services, national title and settlement, ClosingStream technology, valuations, and flood services. Previously, Lichtner was Director of National Sales & Marketing for Decision Ready Solutions, Inc., and SVP, National Account Manager for Stewart Title Company. PAUL DEITCH Patch of Land appointed Paul Deitch as CEO of the company. Deitch brings more than 25 years' financial services experience to this position, most recently as Managing Director at Oaktree Capital Management. When he worked at Oaktree, Deitch led the development of the firm's operating infrastructure as the organization grew from $50 to $100 billion in AUM. He also broadened investment strategies and distribution channels, built and acquired firms, and successfully executed its 2012 IPO. JOHN STEVENS John Stevens has been hired as national VP of Business Development at MiMutual Mortgage, Michigan Mutual's national retail channel. In his new position, Stevens is now responsible for advancing the company's national retail growth. Stevens brought 12 years' mortgage industry experience with him. Previously, he worked for Mountain West Financial and Bank of England. He is also active in industry associations and is currently the VP of the National Association of Mortgage Professionals. ANGELO ZAKIS BOK Financial's correspondent mortgage services promoted Angelo Zakis over the new Credit Union Segment as national account manager. In 2013, Zakis joined BOK Financial as a regional sales manager for the Northeast and North Central regions. Now, Zakis' role is to build partnerships with credit unions all over the country for the company. Zakis' leadership will enable the company to bring efficiency and affordability to their clients. VAN EVANS First Guaranty Mortgage added Van Evans to its team as Regional Sales Manager, Correspondent Division. First Guaranty Mortgage has been in business for over 25 years and offers correspondent, wholesale, and retail origination channels. Evans has 17 years' mortgages industry experience to bring to First Guaranty Mortgage. Previously, he was Division VP of Correspondent Sales for Finance of America Mortgage, a Blackstone company. Before that Evans was correspondent rural housing account executive for JPMorgan Chase. While there, he sourced and produced more than $5 billion in USDA Guaranteed Rural Housing loans. VINEET SINGH Move appointed its first-ever Chief Data Officer, Vineet Singh, who will focus's data science and engineering on innovation to make it easier on consumers. Singh brings to the company over 25 years' experience in data mining, research, and analytics at technology companies such as Intuit, HP, Hitachi, and IBM. In his new position, he will report to Chief Technology Officer Suhail Ansari. Previously, Singh spent seven years at Intuit in various roles where he oversaw the company's data science, data engineering, new business innovations and web research, and analytics. Before Intuit, he worked at HP for eight years, where he led data teams in research, engineering, and services. PAM MURPHY ARMA Acquisition announced the formation of its new A360 Real Estate Solutions, a national fulfillment service center for real estate title and settlement related services. Pam Murphy, who has over 25 years' industry experience, comes to A360 RES from Pierce & Associates PC, a default servicing law firm in Chicago. Murphy has experience working in the mortgage servicing, default, title agency, and closing space. Based in Tampa, Florida, with nationwide capabilities, A360 RES offers customized preparation of title searches and commitments, title policy typing, process management, data support and integration, staff outsourcing for title curative and production, post-closing support as well as closing support for both purchases and refinances. Know someone moving up in the industry? email us at

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