Which companies are merging, and what professionals are moving? See some highlights in this update of the housing and mortgage industries.
On Wednesday, AmeriFirst Home Mortgage announced the addition of its new leader, Doug Long, a seasoned mortgage industry veteran, who is serving as Southeast Divisional President."Doug combines the exact qualities we look for in leaders of our company. He is an individual with the utmost integrity who understands how to successfully combine the nuances of production and marketing with exceptional organizational leadership skills to motivate his team," said David Gahm, Co-CEO and Co-Founder of AmeriFirst Mortgage Banking Group.
"Doug combines the exact qualities we look for in leaders of our company. He is an individual with the utmost integrity who understands how to successfully combine the nuances of production and marketing with exceptional organizational leadership skills to motivate his team," said David Gahm, Co-CEO and Co-Founder of AmeriFirst Mortgage Banking Group.
According to Mark Jones, Co-CEO and Co-Founder of AmeriFirst, the company is excited to bring on Long, as AmeriFirst assembles an incredible team in the Southeast region that has limitless potential for growth. “Doug truly embodies the quality of talent we are bringing to AmeriFirst," said Jones. "We couldn't be more excited to have someone like Doug serve as a standard-bearer for our organization."
CoreLogic announced on Monday that it has been selected to provide the Department of Housing and Urban Development (HUD) with a comprehensive set of valuation and workflow solutions to mitigate losses to the Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund (MMIF). Valuation and Disposition Services are designed to improve strategies for disposition in targeted delinquencies, determine disposition strategies and establish property values with a high level of confidence.
“We are extremely pleased to be providing HUD with Valuation and Disposition Services. It represents the new standard for excellence, providing more informed decision making and speeding up the workflow process while preserving and protecting the value of the MMIF,” said Walter Allen, Executive of Government Solutions for CoreLogic. “Given our position as a market leader in data, analytics and valuation services, we welcome the opportunity to participate in the effort to optimize returns on distressed assets.”
Auction.com announced Tuesday its new online platform to successfully execute mortgage foreclosure sales of Ohio properties in conjunction with Private Selling Officers (PSOs). With the signing of Ohio House Bill 390, foreclosure sales of properties may be conducted online by a PSO. The sales are hosted completely online through Auction.com's online platform, creating a more optimal, streamlined and transparent experience for buyers and sellers of distressed assets.
"Buyers gain confidence to bid when they have detailed insight into the asset and understand the process," said Javid Jaberi, EVP of Operations for Auction.com. "House Bill 390 enables buyers to view asset information from their own computer or mobile phone, enabling them to bid on assets completely online from the comfort of their homes or businesses. These resources enable faster transaction timelines, lower holding costs and increased numbers of potential bidders, better ensuring that assets are sold at market price."
Fannie Mae introduced the innovative solutions that build on the strong foundation of Day 1 Certainty and further simplify the mortgage process for lenders and servicers. Fannie Mae's new solutions will help make the housing finance system stronger and safer while meeting customers' needs by simplifying the process, increasing certainty, and lowering costs.
"Fannie Mae was proud to introduce Day 1 Certainty last year and we have worked tirelessly to build on the benefits it provides. We continue to listen and learn from our many customers who have signed up for one or more of our Day 1 Certainty services, and we are using that feedback to make the mortgage process faster, less expensive, and easier for everyone," said Timothy J. Mayopoulos, Fannie Mae President and CEO. "We are committed to delivering more innovative solutions that help solve our customers' most important business challenges and creating a stronger and safer 21st century housing finance system."
Black Knight, Inc. announced this week that First Bank Mortgage, a division of First Bank, has signed a three-year renewal for LoanSphere MSP, Black Knight’s industry-leading servicing system. MSP’s single, comprehensive platform will be used by First Bank Mortgage to manage its mortgage servicing processes, including loan boarding, payment processing, escrow administration, default management and more. MSP’s innovative technology will continue to support First Bank Mortgage’s efforts to remain compliant with regulatory requirements.
“We appreciate First Bank Mortgage’s confidence in our MSP system to continue managing the company’s servicing portfolio and supporting its compliance initiatives,” said Joe Nackashi, Black Knight President. “We are proud to have served First Bank Mortgage for a quarter of a century, and are pleased to continue supporting the company’s processes with innovative software and dynamic data and analytics capabilities.”