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Eye on the Industry: CFPB Announces Leadership Changes

 

 

The Consumer Financial Protection Bureau (Bureau) announced the following additions to its executive team:

Desmond Brown will serve as the Deputy Associate Director for the Consumer Education and Engagement Division. Brown has more than two decades' experience working with national and local organizations to increase financial well-being and economic opportunities for consumers. He first joined the Bureau as a program specialist for the Office of Financial Empowerment in 2012. He earned his Masters of Policy Management from Georgetown University, and his B.S. in Political Science from Southern Connecticut State University.

Jason Brown will serve as Assistant Director for Research. Brown has 16 years of Federal service, most recently as Associate Commissioner in Office of Research, Evaluation, and Statistics at the Social Security Administration. Prior to this appointment he served in numerous capacities as an economist at the Department of the Treasury. Brown earned his B.A. in Economics from Texas A&M University and Ph.D. in Economics from Stanford University.

Karla Carnemark will serve as the Deputy Chief of Staff. Carnemark joins the Bureau with more than 20 years of experience in public service, project management and government affairs. She has worked with senior-level government executives from the U.S. Department of Defense, U.S. Department of Commerce and the U.S. Department of Transportation. Carnemark also served on Capitol Hill on the staff of Rep. Deborah Pryce (Ohio). Carnemark received her B.A. from Lynchburg College.

Ren Essene will serve as Chief Data Officer. Essene has served at the Bureau in a number of capacities since 2011. She previously worked at the Federal Reserve, and her career in information management and housing issues spans over 25 years. Essene earned her B.S. in Architecture from the University of Illinois at Urbana-Champaign and M.P.A. from the Kennedy School of Government at Harvard University.

Bryan A. Schneider will serve as Associate Director in the Supervision, Enforcement and Fair Lending Division. Schneider most recently served as the Secretary of the Illinois Department of Financial and Professional Regulation, a cabinet-level agency. He worked for the Walgreen Co. for 15 years in numerous capacities, from Divisional VP and Assistant General Counsel to Senior Attorney. Schneider earned his B.S. in Accounting from Trine University, his M.B.A. from DePaul University and J.D. from the University of Wisconsin Law School.

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Ellie Mae, a cloud-based platform provider for the mortgage finance industry, announced that Mr. Cooper, a non-bank mortgage servicer and a mortgage lender, has deployed the Encompass Digital Lending Platform and Encompass TPO Connect for its wholesale and non-delegated channels. 

TPO Connect optimizes lender’s wholesale and investor’s non-delegated correspondent channels through a fully equipped, customizable, and interactive web experience built on the Encompass Digital Lending Platform, allowing lenders with multiple channels to leverage a single solution.

As a result of its acquisition of Pacific Union Financial in February 2019, Mr. Cooper acquired the Wholesale and Non-delegated Correspondent lending channels and technologies. This amounted to a total of five differing Loan Origination Systems (LOS) to manage and maintain, including some that were unable to support the mandatory URLA changes expected in 2020 and others that were inefficient and required supplementary manual upkeep.

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Cloudvirga, a California-based digital mortgage point-of-sale software provider, announced the integration of EXOS real-time appraisal, closing, and signing technology into its digital mortgage platform. 

The partnership enables Cloudvirga to leverage EXOS’ cloud-based technology to streamline mortgage processes such as appraisal, title closing, and scheduling into a seamless mobile experience for both borrowers and mortgage lenders.

“By adding the EXOS technology to Cloudvirga’s digital mortgage tech stack, we’ve managed to accomplish something that’s unheard of in the mortgage industry—a fully digital consumer and originator experience from end-to-end,” said Daniel Sogorka, CEO at Cloudvirga. “Our goal has always been to make the mortgage process as painless and straight-forward as possible for both mortgage lenders and their customers. This partnership is a testament to that commitment.”

About Author: Mike Albanese

A graduate of the University of Alabama, Mike Albanese has worked for news publications since 2011 in Texas and Colorado. He has built a portfolio of more than 1,000 articles, covering city government, police and crime, business, sports, and is experienced in crafting engaging features and enterprise pieces. He spent time as the sports editor for the "Pilot Point Post-Signal," and has covered the DFW Metroplex for several years. He has also assisted with sports coverage and editing duties with the "Dallas Morning News" and "Denton Record-Chronicle" over the past several years.
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