DS News - Bank of America

124 CALIFORNIA CoreLogic Adds Name to Case-Shiller Home Price Indices CoreLogic, an Irvine, California-based provider of global property information, ana- lytics, and data-enabled solutions, announced that its name is being added to the S&P/Case- Shiller Home Price Indices effective immedi- ately. e indices will know be known as the S&P CoreLogic Case-Shiller Indices. "Today's announcement reflects the es- sential role CoreLogic plays in powering global, industry-currency real estate indexes. e S&P CoreLogic Case-Shiller Indices and the CoreLogic HPI are used by more than 200 lenders, investment banks, government- sponsored enterprises, regulatory agencies, research institutions and the Federal Reserve," said Olumide Soroye, managing director, at CoreLogic. "We look forward to expand- ing our relationship with S&P Dow Jones Indices and continuing to develop data-driven solutions that power smart decision-making within the housing market." e S&P CoreLogic Case-Shiller Home Price Indices measure U.S. residential real estate prices, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions. David M. Blitzer, managing director & chairman of the Index Committee at S&P Dow Jones Indices, said, "In 2006, S&P Dow Jones Indices joined with Karl 'Chip' Case and Robert Shiller to publish and commercialize the S&P/Case-Shiller Home Price Indices, which were developed by them. In recogni- tion of CoreLogic's role as the data provider, the name of the indices is changed to S&P CoreLogic Case-Shiller Indices." First American Names New President of Direct Division First American Title Insurance Com- pany has announced the promotion of Judd Hoffman to the position of president of the company's Direct Division. e promotion will take effect on January 1, 2017. Current Direct Division President Curt Casperson will assist with the transition through the remainder of the year and will re- Carolina under the Landmark Network brand; new orders will begin to be processed for AppraisalPro under the Landmark umbrella immediately. According to the announcement, existing AppraisalPro will not experience any delays as a result of the transition; rather, they will be able to more easily place and track valua- tion orders by using Landmark's proprietary software, Landscape. LendingHome Appoints Chief Risk Officer Fintech mortgage marketplace Lending- Home has announced the appointment of expert risk leader Cynthia Chen as Chief Risk Officer. In her new position with LendingHome, Chen will be responsible for all aspects of mortgage risk management and analysis across LendingHome's portfolio of real estate loans. Her 12-year track record of providing risk and mortgage underwriting leadership at top institutions includes serving as a credit risk expert on engagements Fannie Mae for more than six years, leading the assessment of mort- gage portfolio losses and automated valuation models. She served in similar positions with Washington Mutual, Ally Bank, and E*Trade. Chen has also served as director of com- mercial credit portfolio analytics at Capital One, leading the team responsible for the al- lowance of loan and lease losses forecast for the bank's $50 billion commercial and small busi- ness portfolio. Her fintech experience includes working at OnDeck Capital leading that company's risk management function, creating a risk governance framework, and developing and implementing risk models. "With the hire of Cynthia as CRO, we've built out a world-class team with deep mort- gage and risk experience from some of the top financial institutions in the country," said Matt Humphrey, CEO and co-founder of Lending- Home. "By combining their human expertise with the accuracy and efficiency of our under- writing technology, we're better able to scale our platform to give even more investors access to our high-performing mortgage assets." e company also announced the formation of LendingHome Marketplace LLC, a special purpose entity that protects individual investors by reducing risk associated with LendingHome as a company, according to the announcement. LendingHome has originated more than $750 million in mortgage loans to date, and the com- main with First American Title through April 2018. Hoffman is based out of the company's Santa Ana, California, office. Hoffman began his career with First American Title six years ago in the position of sales manager in the company's Los Angeles office and since then has amassed a six-year track record of generating impressive results and promoting a positive workplace culture, according to First American. In 2012, Hoff- man's success in the sales manager role resulted in a promotion to vice president, county opera- tions and sales manager for both Los Angeles and Ventura counties in California. In that role, Hoffman oversaw all aspects of the title, escrow, and sales activities. In 2013, Hoffman's responsibilities were expanded to include executive regional man- agement of the division's Southern California operations. Also at that time, he was named chief revenue officer of First American Title's Direct Division, with the primary focus of driving growth in key strategic markets, ac- cording to the company's announcements. Prior to joining First American Title, Hoffman served as president and CEO of a publicly traded medical technology company. Landmark Network Acquires AppraisalPro Landmark Network, Inc., a Los Angeles- based appraisal management company that offers a full range of national valuation and technology solutions, has completed the acquisition of national appraisal management company AppraisalPro, according to an an- nouncement from Landmark Network. "We are excited to bring the AppraisalPro operation into the fold at Landmark Network," said Erik Richard, CEO. "Along with our Maine operation center, this adds to our exist- ing presence on the east coast, and will allow us to enhance our coverage in the southeastern United States." AppraisalPro was founded in 2006 and developed a nationwide client base by focusing on technology and continuously upgrading procedures to ensure that clients receive timely and thorough services. "I am grateful to have had the opportunity to grow my company's reputation into what it is today," said Jared Bonner, AppraisalPro CEO. "With the many changes, added regulations and compliance costs, we feel our clients will be best served with us joining a larger, established company with the same priorities and values." AppraisalPro management will continue to operate in their existing location of North

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