MReport March 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

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12 | TH E M R EP O RT MCROWD Who's moving on and who's moving up in the industry LENDER/SERVICER MIKE LOUGHLIN Wells Fargo & Company announced that Senior EVP Mike Loughlin, the company's Chief Risk Officer, will retire. The company expects to name a successor in the next few months. Loughlin will remain in his current role through the transition. "Mike's 36 years of service to Wells Fargo have included some of the most critical times in our company's history," said Timothy J. Sloan, President and CEO of Wells Fargo. "From the financial crisis in 2008, to the company's merger with Wachovia, to the many economic and credit cycles we have navigated, Mike has demonstrated leadership and a commitment to all our stakeholders, especially our customers, in one of our company's most critical roles, and for that we are grateful." A direct report of Sloan's serving on the company's Operating Committee, Loughlin has been Wells Fargo's Chief Risk Officer since 2008. STEPHEN POLACEK Movement Mortgage, a top 10 national purchase mortgage lender, has hired former KPMG executive Stephen Polacek as its Chief Credit Officer. Polacek joins Movement to lead the financial services firm's credit risk management strategy and operations. Polacek has three decades of experience in credit, risk manage- ment, regulatory compliance, and mortgage finance over a broad career in financial services. In his new role, Polacek will have responsibility for Movement's credit quality, credit culture, credit risk management, and overall credit processes. He will report to CFO Laura Bowles and be based at the company's National Sales Support Center headquarters in Fort Mill, South Carolina. ROCKY STUBBS Flagstar Bancorp, Inc. announced an expan- sion of its direct-to- consumer mortgage lending platform with the addition of a team from Capital One Financial Corp. Rocky Stubbs, former head of Consumer Direct and Digital Mortgage for Capital One, has joined Flagstar as SVP and Director of Consumer Direct Lending. Stubbs will lead Flagstar's Michigan-based direct-to-consumer group, along with a team of 20 professionals from Capital One who will operate from Dallas. "Capital One built a best-in- class digital platform, so we are excited about attracting this proven, high-caliber team in the direct-to- consumer space to Flagstar," said Kristy Fercho, President of Mortgage for Flagstar. SERVICE PROVIDER STACEY BAUMANN, NATHAN VANNATTER ZVN Properties Inc., a national mortgage field services provider based in Canal Fulton, Ohio, recently announced the newest additions to the company's executive leadership team with the acquisition of two industry veterans, Stacey Baumann, VP Hazard Claims, and Nathan Vannatter, VP of Business Development. Baumann will be responsible for executive oversight of the Hazard Claims Team, in which her focus will be client satisfaction while managing the operations team to exceed the goals and expecta- tions of ZVN's clients. Vannatter has spent the last 14 years in the real estate industry, including managing multistate residential sites with the last six years focusing on property preservation, new construction, renovations, and maintenance on residential, multifamily, and commer- cial assets throughout the country to enhance the value of investor's portfolios. CHRIS BENNETT, GREGG LARSON Property information and analytics solutions provider CoreLogic has announced that two of its key real estate solutions leaders have been recog- nized in the Swanepoel Power 200 list. Chris Bennett, Executive, and Gregg Larson, Principal, Business Development, were both named to the list for 2018. The Swanepoel Power 200 is an annual ranking of residential real estate's top leaders published by the Swanepoel T3 Group. This is the fourth consecutive year that Bennett and Larson have been named to the Swanepoel Power 200. According to Swanepoel, leaders are evaluated based on diverse criteria, including the office they hold and their decision-making power, their organization's financial resources and industry significance, their personal influence in the industry and publicly announced plans for future innovation. KENNETH M. GOINS, JR. IndiSoft, a technology development firm that specializes in systems for the financial services industry, has appointed Kenneth (Ken) M. Goins, Jr. as the company's CFO. Goins, working closely with IndiSoft's CEO, Sanjeev Dahiwadkar, will focus on accelerating growth, operational excellence and financial performance based on defined business goals and metrics to 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

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