Selene Finance, LP, a specialty mortgage servicer, has added Tom Donatacci is to lead all business development efforts in the role of EVP of Business Development.
Donatacci previously served as EVP of Sales at Clayton Holdings. Prior to Clayton, he was the Senior Managing Director of sub-servicing and MSR transactions at GMAC ResCap. Here, he was in charge of all fee-based, third-party businesses including primary mortgage servicing, master servicing, and special servicing.
Donatacci also occupied a few senior positions in sales, MSR trading, and mortgage banking mergers and acquisitions at Lehman Brothers/Cohane Rafferty and PaineWebber.
"Our two top priorities are to accelerate the growth of our servicing operations and to position Selene as a premier residential special servicer to a broader group of investors and lender partners," said Joseph Pensabene, CEO of Selene Finance. "As a recognized leader across the mortgage finance industry with a remarkable track record for achieving growth in all areas of the business, Tom will play an important role in helping us achieve these goals."
"The cost and complexity of servicing non-performing loans has never been greater, nor has the market's need for more high quality servicing options," Donatacci noted. "Selene has demonstrated its commitment to the specialty servicing market and set itself apart from the competition delivering consistently strong performance results and customizable, creative solutions for investors. I am pleased to be joining Selene and to be working with Joe and his team."