January 2017 - The World's Local Bank

TheMReport — News and strategies for the evolving mortgage marketplace.

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10 | TH E M R EP O RT MCROWD Who's moving on and who's moving up in the industry This month, some of the industry's largest companies saw significant changes in to their corporate lineup. Know someone moving up in the industry? email us at JEB HENSARLING U.S. Rep. Jeb Hensarling (R-Texas) was re-elected as Chairman of the House Financial Services Committee for the upcoming 115th Congress. This will be his third term as chairman of the committee, having originally been elected to the position in 2012 for the 113th Congress. Hensarling, 59, was also elected to an eighth term as a member of the U.S. House of Representatives to represent the Fifth District of Texas. As a leader in Congress, Hensarling has long fought for financial reform and has been a vocal critic of federal bailouts for financial institutions at the expense of taxpayers. MEG BURNS The Collingwood Group announced the promotion of Meg Burns to partner. She will join the firm's management committee and will lead the Business Advisory practice. She will also be responsible for the firm's long-term strategic development. Burns has more than two decades of experience in the housing industry. Before joining The Collingwood Group as a managing director, she served as Senior Associate Director for Housing and Regulatory Policy at the Federal Housing Finance Agency (FHFA). She also served as FHFA's Senior Associate Director for Congressional Affairs and Communications. In addition, Burns has served in key positions with the Federal Housing Administration and the Department of Housing and Urban Development. TERENCE MURRAY Terence Murray has joined Alterra Home Loans as the new Western Division Sales & Expansion VP, responsible for managing and supporting Alterra's retail production and expansion in the company's Western region. Murray brings more than a decade of mortgage industry experience to Alterra. Prior to joining Alterra Home Loans, Murray worked at Prospect Mortgage, LLC as Regional Sales Expansion Manager, where his responsibilities included bringing $350 to $400 million in annual closed loan production. His efforts resulted in bringing new branches to strategic markets, and he received several industry awards for his work. Prior to joining Prospect Mortgage, Murray worked at Merrill Lynch as a senior loan consultant and mortgage banker. SHARIF MAHDAVIAN ComplianceEase has announced the appointment of Sharif Mahdavian as VP of National Sales. Mahdavian will manage the company's interactions with federal and state regulator clients, GSEs, and capital market participants. Before joining ComplianceEase, Mahdavian was the VP of Business Development at LenderLive, where he led the Due Diligence Division in developing and analyzing complex regulatory initiatives and due diligence implementation. He also handled due diligence standards and practices. Prior to that, he was at S&P Global Ratings, where he played an integral role in analyzing and evaluating key drivers impacting credit and regulatory risk for 10 years. He also spent time in the legal field, practicing law as a county assistant district attorney and through his own private law practice. EDGAR LUCE, MATTHEW LAVAY, Ellie Mae has announced that EVP and CFO Edgar Luce has notified the company of his intention to resign from his position of CFO, effective on April 1, 2017, according to an 8K filing with the Securities and Exchange Commission. Luce has been Ellie Mae's CFO since 2005 and has previously served in executive positions with Sanarus Medical, a medical device company; ComView Corporation, a cardiology-imaging software company; Biex, Inc., a healthcare company; and Penederm, Inc., a public dermatology and products company. Ellie Mae's Board of Directors has appointed Matthew LaVay, who currently serves as the company's SVP of Finance, to the position of CFO effective on the date of Luce's resignation. SHAWN KRAUSE, JIMMY KEMP President-elect Donald Trump has named industry leader Shawn Krause to his transition team for HUD. Krause is the EVP with Quicken Loans, having joined the Detroit-based lender in 1991 as a loan processor and later serving in several different leadership positions. In her current role as EVP, she leads Quicken's government advocacy program; her team works alongside lawmakers, regulatory agencies, and other influencers in Washington, D.C. Quicken is the country's largest underwriter of single-family mortgage loans insured by the Federal Housing Administration (FHA), which is part of HUD. Kemp is the son of Jack Kemp, who was HUD Secretary in the George H.W. Bush Administration. Kemp established strategic consulting firm Kemp Partners in 2002 in Washington, D.C., to provide government relations and corporate affairs, according to his official bio. He has gone before Congress, the White House, and other federal agencies to represent his diverse clientele, which includes many Fortune 500 companies. In 2009 after his father's death, Kemp established the Jack Kemp Foundation, a non-profit with the goal of developing and engaging leaders. JOEL KING Real estate auction marketing firm J.P. King Auction Company has announced the return of Joel King as a National Auction Marketing Specialist. During his previous tenure with J.P. King Auction Company, he

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