TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/844227
12 | TH E M R EP O RT MCROWD ADOLFO MARZOL Adolfo Marzol has been appointed to the position of Senior Advisor to the Secretary of the Department of Housing and Urban Development. Following his appointment, he resigned from the Board of Directors of Essent Group Ltd. Prior to serving on the Board of Directors for Essent, Marzol served as EVP of the company, a role in which he led public policy engagements on behalf of Essent. Marzol also worked at Fannie Mae for 10 years, and at Chase Manhattan for eight. M. ANTHONY LOWE M. Anthony Lowe has been named FDIC Ombudsman and Director of the Office of the Ombudsman. Lowe is a 32-year veteran of the FDIC and most recently served as Chicago Regional Director for the divisions of Risk Management Supervision and Deposit and Consumer Protection since 2008. Lowe is a graduate of Arkansas State University with a Bachelor of Science in business finance and graduated with honors from the Graduate School of Banking South at Louisiana State University. MATTHEW ZAMES JPMorgan Chase COO Matthew Zames will be stepping down from his role after 13 years, the bank announced last month. Zames, 46, had a crucial role in guiding the bank during the financial crisis and is credited with raising suspicion over Bernie Madoff a year before his eventual arrest. Zames has long been assumed as a potential successor to Jamie Dimon, and the news of his stepping down has led to much speculation about who else may be in the running. According to a report filed with the Securities and Exchange Commission, Zames' responsibilities will be split between Marianne Lake, CFO; Daniel Pinto, CEO of Corporate & Investment Banking; Gordon Smith, CEO of Consumer & Community Banking, Mary Erdoes, CEO of Asset Management; and Doug Petno, CEO of the Commercial Bank. JIM TAYLOR The National Mortgage Servicing Association (NMSA) announced the appointment of Jim Taylor, SVP of Property Preservation with Wells Fargo Home Mortgage Asset Management, to lead the organization's effort to mitigate the threat that vacant and abandoned properties pose to homeowners and communities. Taylor, a 30-year industry veteran, leads asset management and preservation of Wells Fargo's residential servicing portfolio while caring for the interests of the communities it serves. He earned his M.S. in Management from Purdue University concurrently with an MBA from Ecole Superieure de Commerce de Rouen and a B.S. from the University of Washington. The NMSA is a nonpartisan organization driven by top-level executive representation from the nation's leading mortgage servicing organizations for the purpose of effecting progress and change on the key challenges that face the mortgage servicing industry. By Who's moving on and who's moving up in the industry This month, some of the industry's largest companies saw significant changes to their corporate lineups. Know someone moving up in the industry? email us at Editor@TheMReport.com. "I have been in this business almost 25 years. I spent the vast majority of my time running businesses, driving things forward, facing off against clients, taking business risk. But at its core, look: I'll be 47 in October. I want to get back to running the railroad—running my railroad, running my business. So it's just a natural point." —Matthew Zames, Former COO, JPMorgan Chase