From promotions and new appointments to branch expansion and new partnerships, get the latest buzz on the industry in this weekly update.
Altisource Portfolio Solutions (Altisource), a provider of services and technologies to the mortgage and real estate industries has announced the appointment of Justin Vedder as COO of its Originations Solutions business. According to a statement by Altisource, in his new role, Vedder will be responsible for the growth of Altisource’s Origination Solutions business which brings together the integrated and consultative products, services and solutions needed by mortgage market participants of all sizes throughout the loan origination and secondary market execution process. Altisource’s Origination Solutions Platform includes Trelix Mortgage Fulfillment Services, CastleLine Insurance Services, the Lenders One cooperative, Granite Risk Management, Mortgage Builder Loan Origination System, Springhouse Valuations, and Premium Title and Settlement Services. Previously, Vedder served as VP of National Sales, Origination Solutions where he was instrumental in growing the company's Origination Solutions customer base and driving long-term strategic client relationships. Prior to joining Altisource, he was the EVP at CastleLine where he assisted in the development and launch of the Certified Loan Program. Vedder is a renowned thought leader and has spoken nationally on various topics including mortgage fraud, loan production and defects, repurchase management, auditing of lenders, insurance, and various other mortgage banking-related matters. Vedder’s appointment follows the departure of Bryan Binder and Jason Garmise, who joined Altisource in 2015 through the acquisition of CastleLine.
California-based Churchill Mortgage, which provides conventional FHA, VA, and USDA residential mortgages across 46 states, has announced the opening of its newest branch in San Dimas, California to enhance borrower service throughout the Golden State. The company said that Mike Hardy and Rick Mount will both serve as regional managers for Churchill’s operations in Southern California. Working together as a team since 2010, Hardy and Mount have more than 45 years of qualified experience in the mortgage industry guiding borrowers towards debt-free homeownership. Hardy’s background also includes experience as a Financial Advisor which allows him to better understand his borrower’s individual financial needs. Mount, prior to his work with Hardy, held several senior positions responsible for all aspects of the loan process. “In a market as competitive as California, Rick and Mike’s leadership will be vital to helping borrowers make well-educated, thoughtful decisions regarding their next home purchase. We look forward to supporting their team as we continue to expand our Southern California presence,” said Mike Hardwick, president of Churchill Mortgage.
Lenders One Cooperative, a national alliance of independent mortgage bankers has announced that Michael Kuentz has been promoted to the role of CEO of Lenders One. Kuentz previously held the title of President. In his new role, he will assume responsibility for Lender One's day-to-day operations and strategic execution as well as continue to lead and manage the cooperative’s sales effort, the cooperative said in a statement. “Michael and I have worked closely over these past two years and I could not be more pleased with his promotion,” said Bryan Binder, Lenders One’s outgoing CEO. “The state of our cooperative is extremely strong, and our value proposition and opportunity set are both as attractive as they have been in many years. This strength combined with our incredibly talented management team gives me great confidence that the future of the cooperative has never been brighter and the timing is right for Michael to take the helm.” “As one of the largest cooperatives of independent mortgage bankers and the market leader in innovation, Lenders One is always looking for new ways to deliver value to our members,” said Matt Clarke, COO & CFO of Churchill Mortgage and Board Director of Lenders One. “Michael has been instrumental in rapidly bringing new ideas and solutions that help our members succeed, and I am highly confident that Michael will continue to be a strong leader both for Lenders One and across the mortgage industry.”