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TH E M R EP O RT | 15 MCROWD practices to drive and extend the next-generation of Nationstar's market leadership." BILL ERVIN Planet Home Lending, LLC, a privately held mortgage lender and servicer founded in 2007, announced that Bill Ervin was selected to serve as VP of Business Development supporting the company's retail originations channel. Ervin brings expertise gained from more than two decades of mortgage banking industry experience at companies ranging from technology start-ups to global banks. Ervin's technology background includes co-founding Envision Real Estate Software, Inc., which ABN AMRO Mortgage Group later acquired. RON FARIS, GLEN A. MESSINA President and CEO of Ocwen Financial Corporation Ron Faris is retiring at the end of this month after 27 years with the company. Faris will remain President and CEO through June 30, 2018 and will remain a consultant to the company to "ensure a smooth leadership transition and to assist with the integration process for Ocwen's pending combination with PHH." Ocwen's Board of Directors has appointed Glen A. Messina as President and CEO, effective concurrently with the closing of Ocwen's previously announced acquisition of PHH Corporation. He will also be appointed as a member of Ocwen's Board at that time. Messina was most recently President and CEO of PHH before stepping down in June 2017. Ocwen entered into a definitive agreement to acquire PHH in February 2018. The transaction is targeted to close in the second half of 2018. TOM RICE Florida-based OpenClose, a multi-channel loan origination system (LOS) and mortgage fintech provider, has announced the appointment of long-time industry veteran Tom Rice as VP, Enterprise Account Executive. He will be responsible for covering the West Coast territory the company said in a statement. "Tom has an outstanding reputation for developing and maintaining rapport-based, long-term business relationships with all types mortgage professionals from different functional areas at lending entities," said Vince Furey, SVP of Lending Solutions at OpenClose. "He is an experienced sales executive who is solution-oriented and accustomed to operating in fast-paced, dynamic software environments. He fits well with our corporate culture and we are pleased to welcome him to the OpenClose family." CHAD SMITH Caliber Home Loans, Inc., headquartered in Coppell, Texas, the nation's fourth-largest nonbank residential mortgage originator, has appointed Chad Smith, as EVP, Head of Recapture and Direct To Consumer. Smith will lead all Recapture and Direct To Consumer efforts, transforming the way Caliber interacts with its customers while leveraging the Caliber servicing portfolio of more than 650,000 customers. "We are excited to welcome Chad to the team and believe his extensive industry experience and passion for serving customers make him uniquely suited for this new role," Sanjiv Das, CEO of Caliber, said. We look forward to his contributions to Caliber, which will accelerate the growth of our franchise and our position as a top mortgage originator in the United States." "I have tremendous confidence in Tony's ability to align Nationstar's innovative home loan experience with industry-leading operational practices to drive and extend the next-generation of Nationstar's market leadership." —Jay Bray, Chairman and CEO, Nationstar After Prime • 24 mo. f rom credit event • Up to $3 million loan amount • 90% LTV available, no MI • Bank statements for income • Interest-only available MAGGI Plus The new Alt-A • 90% LTV available, no MI • Up to $5 million loan amount • Down to 500 credit score, O/O & N/O • Bank statements for income • Foreclosure, short sale & BK okay • No reserves NON-PRIME Before Hard Money • Foreign nationals • Stated income - DSCR • Business purpose • Interest-only available • Below 500 credit score okay ODF ® Outside Dodd Frank citadelservicing.com 949-900-6630 For mortgage professionals only. This information is intended for the exclusive use of licensed real estate and mortgage lending professionals in accordance with local laws and regulations. Distribution to the general public is prohibited. Rates and programs are subject to change without notice. Citadel Servicing Corporation is an Equal Opportunity Employer and does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, disability, veteran status, or other classification protected by law. ® Wholesale / Correspondent Non-Prime Lending