July 2012

TheMReport — News and strategies for the evolving mortgage marketplace.

Issue link:

Contents of this Issue


Page 21 of 84

MCROWD Meet the Industry's MCrowd SEE WHO'S MOVING ON AND MOVING UP IN THE MORTGAGE MARKETPLACE. Fannie and Freddie appoint new leadership, while companies across the mortgage industry add new originations personnel in response to growing demand. TAWAB ABAWI. Advisory and risk management company MCT Trading, Inc., has added a new member to its capital markets trading team. The San Diego-based firm named Tawab Abawi as its newest trader, and Abawi joins MCT from his senior position on the negotiated trade desk for Bank of America's home loans and insurance lending group. In a company state- ment, MCT noted that Abawi "has a strong track record for developing and maintaining relationships with hundreds of correspondent lenders, financial institutions, and numerous hedge advisory firms." ALEC CHEUNG. In Ohio, eLynx has hired a new vice president of market- ing. The company, a technology provider for the financial services and real estate industries, has named Alec Cheung to the leadership posi- tion. Prior to teaming up with eLynx, Cheung was with Convergys for more than a decade, and most recently, he performed as the company's senior director of marketing. In his new role for eLynx, Cheung will be respon- sible for the strategic marketing of products and solutions, in addition to heading up the company's strategic growth positioning through develop- ing opportunities in new and existing markets. 20 | THE M REPORT SCOTT FRIEDBERG. A new VP of operations and contract underwrit- ing has been appointed at zIngenuity, Inc., with the company's decision to appoint Scott Friedberg to the leader- ship role. Friedberg has been in the mortgage industry for more than 20 years, and in joining zIngenuity, he will be responsible for the continued de- velopment of the company's contract underwriting services, as well as the firm's dispute and resolution services. In addition, Friedberg will work closely with zIngenuity's senior personnel to ensure excellent performance across the company's client base. GARY GUNN. Churchill Mortgage has promoted Gary Gunn to controller of the company. Gunn brings to his position 35 years' of finance and ac- counting experience, and he formerly served as the CFO for Madison Mill, Inc., and Wood Ridge Development, Inc. In his new role at Churchill, Gunn will oversee the company's financial reporting and will make sure branch departments are set up to maximize efficiency and profitability.

Articles in this issue

Archives of this issue

view archives of TheMReport - July 2012