Issue link: http://dsnews.uberflip.com/i/1045676
12 MOVERS & SHAKERS Got something to share with us? Send it to Editor@DSNews.com. GOVERNMENT FANNIE MAE STAFF ANNOUNCEMENTS Fannie Mae announced the promotion of John Forlines to SVP and Chief Risk Officer. In addition, Fannie revealed that Manuel "Manolo" Sánchez Rodriguez has been elected to the board of directors. Forlines will report to the CEO and manage Enterprise Risk Management (ERM). He has been interim CRO since March 2018. "Today's promotion reflects my confidence and the confidence of our board that John is the right person to continue to strengthen Enterprise Risk Management and to lead its drive to become a world-class risk organization," said Fannie Mae CEO Timothy J. Mayopoulos. As for Rodriguez, he served as Chairman and CEO of Compass Bank, Inc. and is a banking, financial services, and technology expert. "We are extremely pleased to welcome Manolo to the Fannie Mae board of directors," said Egbert L.J. Perry, Chairman of the board. "We will benefit greatly from his vast banking and financial services experience, technology innovation track record, and deep business strategy expertise." LENDER/SERVICER GLEN A. MESSINA TAKES THE HELM OF OCWEN Concurrent with Ocwen Financial Corporation's completion of its acquisition of PHH Corporation for approximately $360 million in cash, Ocwen also announced that Glen A. Messina had become the President and CEO of Ocwen and a member of Ocwen's board of directors. "e close of this acquisition marks a new chapter in our history and creates a strong nonbank mortgage servicer positioned for growth, and better able to serve borrowers and loan investors," said Phyllis Caldwell, Chair of Ocwen's board of directors, in a statement. e newly combined company, as of June 30, 2018, services approximately 1.7 million loans with an unpaid principal balance of over $296 billion. In 2017, the combined company originated more than $3 billion of residential mortgage loans, including reverse mortgages. CALIBER ANNOUNCES TOP MANAGEMENT CHANGES In a top management shake-up, the Coppell, Texas-based Caliber Home Loans announced that it had appointed Jordan Licht as COO, Production, and Danny Horanyi as Head of Non-Agency Lending. "I'm delighted to recognize these individuals that have proven track records of leadership and success," said Caliber Home Loans CEO Sanjiv Das. "I'm confident that these changes will help us accelerate our growth, improve our competitiveness, and continue to position Caliber as the most highly regarded nonbank lender in the industry." Licht's previous experience at CoreLogic includes SVP, Head of Strategy, Planning, and Analytics. Other experience includes the Executive Director position at Morgan Stanley. Horanyi is the previous SVP of Retail Innovation with Caliber Home Loans. He also served as a Branch Manager for loanDepot®. SERVICE PROVIDER LERETA APPOINTS NEW VP LERETA, LLC, a provider of real estate tax and flood services for mortgage servicers, has selected Tiffany Stringfellow as its VP of Business Development. In this position, Stringfellow will be responsible for maintaining and growing the relationships with LERETA's largest clients. According to LERETA, Stringfellow has proven experience in the Keep up with who's doing what and who went where industry. She spent 13 years with CoreLogic where she focused on multiple projects, including solutions design in advisory services, capital market business development, and regional sales in Northern California. "Customer service is at the forefront of maintaining healthy relationships with our clients, followed closely by developing systems that improve processes and the way the industry approaches tax and flood servicing as a whole," said John Walsh, CEO of LERETA. "Tiffany is uniquely skilled in both those areas and is a true asset to our team. We look forward to a long, productive future that includes her valuable contribution." SINGLESOURCE ADDS TWO SVPS TO ITS BUSINESS DEVELOPMENT TEAM Pennsylvania-based SingleSource, a provider of valuation, REO, title, and property-preservation services, announced the addition of industry professionals Stacey Bayley and Brent Taggart to its business development team. Bayley joins the team as an SVP of Business Development. Previously, Bayley was with Litton Loan Servicing, AssetLink, and ServiceLink, where she provided senior leadership to large default operations, including asset management, loss mitigation, call centers, and property preservation. Bayley holds MBA and undergraduate degrees from the University of Connecticut. Taggart will likewise join as an SVP of Business Development. Taggart held various management positions at Fairbanks Capital, Credit Suisse, 406 Partners, Green River Capital, and Clayton Holdings, as a Senior Analyst at Fairbanks and SVP on the Residential Scratch and Dent Trading Desk at Credit Suisse.