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ยป VISIT US ONLINE @ DSNEWS.COM 13 PATRICK MCCLAIN NAMED FIRSTCLOSE CFO AND COO FirstClose, a provider of technology solutions for mortgage lenders nationwide, announced the appointment of Patrick McClain as CFO and COO this week. "We are elated to bring Patrick on board, especially at this important juncture for FirstClose as we position the company for accelerated growth and industry leadership," said Tedd Smith, co-founder and CEO of FirstClose. "Patrick is a strong addition to our executive management and leadership team. We look forward to leveraging his experience to complement our strategic growth initiatives and to better serve our valued clients with dedicated and experienced executive veterans." McClain has spent the last three decades guiding high- growth global technology at both public and private companies. Most recently, he served as CFO at Xplore Technologies and as EVP, CFO, and Treasurer at Falconstar Software, a New- York-based public company. POTESTIVO & ASSOCIATES GROWS TEAM WITH TWO NEW ATTORNEYS Potestivo & Associates, P.C. announced the hiring of Marc Wagman, who will serve as Supervising Bankruptcy Attorney in the Chicago office, and Cheryl Cook, who will serve as Supervising Bankruptcy Attorney in the Rochester office. Potestivo & Associates, P.C. provides legal solutions to the real estate finance and credit industry. Headquartered in downtown Rochester, Michigan, the firm also maintains full-service operations in Rochester, Michigan, and Chicago, Illinois, with a satellite office providing select services in Grand Rapids, Michigan. Brian Potestivo, President- Managing Attorney, said, "We are fortunate to have Marc and Cheryl join our team. ey are both knowledgeable and capable in bankruptcy practice and will be a valuable asset to the firm." COMPLIANCEEASE ANNOUNCES NEW VP OF PRODUCT MANAGEMENT ComplianceEase, a Silicon Valley-based provider of automated compliance solutions to the financial services industry, announced that it has named Sanjay Tibrewal as VP of Product Management. In this role, Tibrewal will be responsible for the vision, roadmap, and execution of ComplianceEase's portfolio of mortgage-compliance and risk- management products, including its flagship product ComplianceAnalyzer with TRID Monitor. Tibrewal brings more than a decade of B2B and B2C product-management experience and more than a decade of engineering experience to ComplianceEase. "We're pleased to have Sanjay on the ComplianceEase team," said John Vong, President of ComplianceEase. "His entrepreneurial spirit combined with his technological expertise will allow us to develop and deliver the solutions that our clients need to be successful and compliant." LERETA ANNOUNCES CHIEF STRATEGY OFFICER LERETA, LLC, a national provider of real estate tax and flood services for mortgage servicers based in Covina, California, has tapped Eric Christensen as the Chief Strategy Officer for the company. Christensen is responsible for product development, corporate strategy, marketing, and M&A transactions. Christensen, who most recently was the founder and managing director of Credit Data Solutions, has spent his career developing knowledge around financial software, predictive modeling and analytics, credit-risk technology, and decisioning software. His expertise extends in fraud management, competitive strategy, business planning, sales, and marketing, as well as risk management and regulatory relations. "Eric's deep and varied experience in the financial industry makes him perfect to help usher LERETA into a new era where technology and people help provide the best level of service to our customers," said John Walsh, CEO of LERETA. "We welcome his knowledge and passion for bringing positive change to the industry." I N M E MOR I A M BANK OF AMERICA VICE CHAIRMAN TERRENCE P. LAUGHLIN PASSES AWAY Bank of America announced the death of Terrence P. Laughlin, Vice Chairman and Head of Global Wealth and Investment Management. He was 63 years old. "Terry was a builder and a problem solver, and one of the finest individuals I've had the privilege to know and work alongside," said CEO Brian Moynihan. "His leadership on global wealth and investment management, helping to build a consolidated banking and wealth-management business, is without a peer in our industry. Recently, he helped expand our company's presence in Pittsburgh, his beloved city where he is so well-admired and respected." Laughlin previously served as Bank of America's Chief Risk Officer. He also led the company's Legacy Asset Servicing group. "Terry was instrumental in helping our company recover from the crisis and get us to where we are today, the world's best bank," Moynihan added. Before joining Bank of America, Laughlin was a member of the investor group that acquired IndyMac Savings Bank from the FDIC. Subsequent to the acquisition of IndyMac, it was renamed OneWest Bank, and he served as CEO. Laughlin was a member of the board of the Urban Institute and the Brooklyn Museum.