As individuals make their way through the industry and companies merge, keep watch on the important highlights in this activity update.
First American Mortgage Solutions announced on Tuesday that it is one of only a few vendors that are approved to offer data verification for all three components of Fannie Mae’s Desktop Underwriter®(DU®) validation service and Day 1 Certainty™ through First American FraudGuard®. “Our comprehensive verification solution provides lenders with one source to get representation and warranty relief on validated loan components from Fannie Mae,” said Kevin Wall, President of First American Mortgage Solutions. “By accessing all three reports in a streamlined workflow, lenders will benefit from greater speed and efficiency, supporting their efforts to enhance the borrower experience.”
Bank of America recently announced that former U.S. Secretary of State, John F. Kerry has joined as new chairman of its Global Advisory Council. The 14-member council was formed in 2013 to offer advice and insight, through senior bank executives, on the bank’s global strategy and operations. In addition, the council adds perspective on local market opportunities and trends and assists the bank with establishing relationships around the world. "Secretary Kerry’s insights into global affairs are of great value to our council as we focus on a rapidly changing world,” said Brian Moynihan CEO of Bank of America.
ServiceLink announced this week its new branding that aligns more closely with its parent company, Fidelity National Financial. Last month, FNF announced the distribution of its equity interest in Black Knight. Therefore, ServiceLink is no longer a Black Knight company, but remains a member of the FNF family of companies. This change in branding will not affect the day-to-day operations of ServiceLink with the exception of the logo design, color palette and removal of any reference to Black Knight.
Ocwen Financial Corporation announced on Wednesday that Christopher Whalen, Chairman of Whalen Global Advisors LLC, will serve as the company's new senior consultant and advisor. Whalen brings with him nearly three decades of financial experience, with a specific focus on the financial services, mortgage finance, and technology sectors. Ocwen expects to benefit from Mr. Whalen’s experience, knowledge, and insight of the mortgage finance sector, especially in areas such as strategy, risk management, and counterparty relations.
McCabe, Weisberg & Conway recently announced their membership in the state of Maryland in Five Star Institutes Legal League 100. The firm is an expanding regional firm which represents mortgage lenders, banks, mortgage servicers, and financial institutions in Pennsylvania, New York, New Jersey, Delaware, Maryland, Florida, Virginia, and the District of Columbia for over 40 years.