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Eye on the Industry: Updates on Fannie Mae, Global DMS and More

Industry

From rewards and recognition to expansion, new appointments and technology, get the latest pulse of the industry in this weekly update.

Fannie MaeFannie Mae was recently named among the 100 Best Places to Work in IT for 2018 by IDG's Computerworld, a technology media brand. The government-sponsored enterprise (GSE) was ranked 47th among large organizations on this list, which recognizes the world's 100 top organizations that challenge their technology professionals while providing great benefits and ample development opportunities. "Our developers, coders, engineers, and other technology professionals are delivering the 21st-century products and tools our customers need," said Kimberly Johnson, COO, Fannie Mae. "Fannie Mae's vital mission to provide access to reliable, affordable mortgage financing in all markets at all times is enabled by our employees in IT, whose work is transforming the housing market every day. We are continually focused on making it faster and simpler to get a mortgage." According to a statement released by Fannie Mae, the technology teams at the GSE are "driving innovation across the industry through new services, solutions, and agile methods for designing and developing solutions.

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Pennsylvania-headquartered cloud-based commercial and residential real estate valuation solutions provider, Global DMS, has announced the introduction of its eTrac Pre-Scheduler. The new tool streamlines the appraisal appointments, allowing lenders and AMCs that are leveraging eTrac to easily set pre-determined appraisal dates, apply specific parameters, and broadcast appraiser communications. The eTrac Pre-Scheduler empowers users with the ability to easily select multiple appraisal appointment dates per appraisal order, automatically search for applicable appraisers that are available to complete the order, and then present potential assignments to eligible appraisers along with the order and specified dates. The appraiser can then quickly accept the order by agreeing to one of the required dates, which can conveniently be done from their cell phone via email and/or text message. The end result is that the entire process of coordinating and completing appraisals becomes quicker, easier, and more efficient. In addition, Pre-Scheduler flexes with unique business processes or special requests from borrowers and clients, as users have the ability to define what appraisers must agree to before accepting orders.

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Planet Home Lending, LLC, a privately held mortgage lender and servicer headquartered in Connecticut, has announced that Dierk Hohman has joined the company as EVP, Chief General Counsel, and Enterprise Risk Officer. Hohman will oversee all legal, compliance and enterprise risk matters for the company. “His breadth of legal, compliance, and enterprise risk experience, and his entrepreneurial mindset will be a tremendous asset to the company as we continue to grow our distributed retail, correspondent, and servicing operations,” Planet Home Lending President and CEO Michael Dubeck said. Hohman has broad expertise in the mortgage, banking and financial sectors. He has previously advised financial intuitions on legal, compliance, and enterprise risk matters, litigation, and corporate and finance transactions.

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Iowa-based LenderClose, a fintech startup company empowering local lenders through its digital platform that streamlines the lending and underwriting process, has announced the addition of sales associate Mari Jo Massanet to its expanding team. Massanet will support the LenderClose sales team in achieving its aggressive growth goals. Her responsibilities include demonstrating the LendClose platform to credit union and community bank leaders, attracting new lender accounts, as well as onboarding and training new clients. “Mari Jo’s sales experience and her strong ability to understand and deliver on customer expectations will prove invaluable as we continue to grow our client base,” Omar Jordan, LenderClose CEO, said. “She will form an important bridge between our sales team and our partners – ensuring new clients enjoy a smooth onboarding experience and are set up for success with our platform.” Prior to LenderClose, Massanet held various sales roles for Ingersoll Rand in both Des Moines, Iowa, and Omaha, Nebraska. In her most recent position as a service sales engineer for the compressed air division, Massanet’s duties included collaborating with sales engineers to create solutions and proactively provide maintenance programs that best fit customers’ operations.

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Mortgage Network Inc., an independent mortgage lender operating in the eastern U.S., announced it has opened a new branch office in Bluffton, South Carolina. The new office (NMLS #1744882) joins the company's other Southeast branches located in Hilton Head Island, Columbia, and Mt. Pleasant in South Carolina and Charlotte in North Carolina. The Bluffton office will be managed by Brian Neumann (NMLS #174105), a 14-year veteran of the residential mortgage industry who has spent the past 12 years at Mortgage Network. A graduate of the University of South Carolina's Darla Moore School of Business, Neumann most recently served as a loan officer in the company's Hilton Head, South Carolina, office. He is licensed to do business in both South Carolina and Georgia. Neumann will be joined by senior loan officer Sam Cavanaugh, who has 12 years of experience in the mortgage and real estate industries. Cavanaugh has spent the past three years with Mortgage Network, also at the Hilton Head branch. Based in Danvers, Massachusetts, Mortgage Network is celebrating its 30th year in business. The company has now grown to over 400 employees, with 45 branch offices licensed in 27 states. The company provides a full array of residential mortgage products, from conventional to non-conventional loans, FHA and VA loans, mortgage refinancing, to reverse mortgages and more.

About Author: Radhika Ojha

Radhika Ojha is an independent writer and editor. A former Online Editor and currently a reporter for MReport, she is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her master’s degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas.
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