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Eye on the Industry: Updates on Pavaso, LERETA, and More

UpdatesFrom new appointments to rewards and recognition, get the pulse of the mortgage industry in this weekly update.

Pavaso, a Texas-based digital mortgage closing technology company has announced the appointment of Brenda B. Clem as EVP of Capital Markets. “Pavaso is the developer of the industry's only digital closing platform that brings lenders, title companies and borrowers together in one single digital portal.” According to Pavaso, Clem is a mortgage industry veteran with over 30 years' experience in operations and secondary markets. Her focus at Pavaso will be on education and increasing awareness in the mortgage industry on how to improve residential lending through technology, including eNote, eMortgage, and eWarehouse adoption. Additionally, Clem co-chairs MISMO's eWarehouse workgroup and is a frequent speaker at industry events. She also authors articles for a variety of mortgage trade publications. "Brenda is already a familiar face in the mortgage industry, and we are honored to have her on our team," said Mark McElroy, CEO, Pavaso. "She will be one of Pavaso's top spokespersons in leading the charge toward universal adoption of eMortgage. Brenda's passion, experience and her ability to articulate complicated information clearly make her an outstanding resource for Pavaso's clients, as well as for the industry as a whole."

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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 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 to 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.”  Stringfellow has spent most of her career focused on client relationships and was recognized for her efforts by being nominated for MReport’s 35 under 35 Women in the Workplace. Stringfellow received her Bachelor of Arts degree from Sacramento State University in 2005 and a Master of Business Administration from the University of Phoenix in 2007.

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UnderwritingUnited Wholesale Mortgage has passed Quicken Loans to become the top non-bank purchase lender in America, according to a statement released by the company citing an industry report. UWM produced $11.2 billion in loan volume during the second quarter, with $8.3 billion of its business (74 percent) being attributed to new home purchases, compared to Quicken Loans, which purchase loans made up only 31.6 percent of its second-quarter loan volume. “This is a major accomplishment for us at UWM, and highlights the efforts of more than 2,700 team members here who are dedicated to helping our mortgage broker clients be the hero to their borrowers and the realtors they work with,” said Mat Ishbia, President and CEO of United Wholesale Mortgage. “The high amount of purchases going through the mortgage broker channel reinforces that borrowers don’t want to communicate with a call center loan officer that is 1,000 miles away or use an app that is more sizzle than substance. They prefer local, they want an expert, and they want the process to be fast and easy – and that’s what mortgage brokers provide.”

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The KLR Group, a Boston-based full-service due diligence firm, servicing residential mortgage lenders, servicers and investors with individualized review products and services have announced the new hire of Andrea (Andi) Cochrane to the position of SVP. As SVP, Andi will be responsible for the direct client interaction and development of individualized solutions and quality delivery of product and services. According to KLR, Cochrane has over 20 years of industry experience. Her specialties include: Underwriting, Quality Control, Pipeline Management, and Process Management. Under KLR her duties will be client focus areas such as lowering loan/MSR rejection, due diligence systems/platforms, and workflow improvement/efficiency. Cochrane’s previous positions include Promontory Financial Group, Urban Lending Solutions, First Federal Bank of CA, Acoustic Home Loans, Long Beach Mortgage.

About Author: Radhika Ojha

Radhika Ojha, Online Editor at the Five Star Institute, 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 Dallas, Texas. You can contact her at Radhika.Ojha@theMReport.com.

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