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M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Service Providers Shake Up Boards, Management

Recent executive activity at mortgage service providers

Jan. 7, 2010


Three mortgage service providers recently announced changes to their boards, while executive appointments were disclosed by several other firms.

Roslyn B. Payne resigned as a director of The First American Corp., the Santa Ana, Calif.-based company said on Dec. 31. Payne is president of Jackson Street Partners Ltd.

Loan Value Group LLC announced last month that Richard Santulli was elected chairman of the company. Santulli was the former chairman and chief executive officer of NetJets Inc.

In addition, Michael Goodman has become a director on Loan Value's board and will serve in the executive role of managing partner. Goodman's directorship is the result of Corridor Quadrant's ownership stake in the Rumson, N.J.-based firm. He is former CEO of J.G. Wentworth.

Larry Bird was hired as vice president of mortgage servicer relations, serving as a corporate consultant, for the Foreclosure Response Team, a statement Tuesday indicated. Bird will be responsible for strategic planning, marketing strategies and business development.

Dorado Corp. announced last week that Dave Parker was promoted to vice president, business development, from his job as director, business development. Prior positions held by Parker include director of sales platform development at Wells Fargo, chief operating officer at MortgageHub and CEO at Praxis Technology Group.

Clayton Holdings LLC announced this week that Edward S. Robertson was hired as managing director in charge of commercial real estate services. In his new position, Robertson will focus on due diligence, asset management and advisory practices. He previously served as chief financial officer of Washington Mutual's commercial group, Barclays Group's Latin American business and Cerberus Capital Management's Aegis Mortgage.

The new chief legal officer at Mortgage Cadence Inc. is John Levonick, according to a statement Wednesday. Levonick, who was also given the title of chief compliance officer, reportedly has 10 years' experience with mortgage compliance issues including the Real Estate Settlement Procedures Act, the Equal Credit Opportunity Act and the Home Mortgage Disclosure Act.

photo of Larry Bird
Foreclosure Response
photo of Larry Bird

photo of Mike Ousley
Clear Capital photo of Mike Ousley
Mike Ousley was named executive vice president of Clear Capital's appraisal group, a Dec. 22 press release indicated. Ousley will oversee an internal team of 28 staff appraisers, a network of 10,000 contract appraisers and quality assurance and customer service professionals.

Sam Garcia worked in mortgage lending for twenty years prior to becoming publisher of in 2000.

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