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Default Service Providers Add Executives

Recent executive activity at mortgage service providers

March 2, 2010


Around a dozen service providers, including several that offer default services, recently announced executive appointments. One of those companies was a big mortgage insurer that also announced its president was recognized as one of the 75 most powerful women in business.

Radian Guaranty Inc. President Teresa Bryce has been named one of the 75 Most Powerful Women in Business by Black Enterprise Magazine, the Philadelphia-based mortgage insurer reported last week. She was chosen from among hundreds of competing candidates also considered to be leaders.

Bryce joined Radian in 2006 as general counsel and corporate secretary, then ascended to chief risk officer in 2007. She became president in 2008.

"Bryce's extensive mortgage banking expertise and her experience as an industry subject-matter expert caught the attention of Black Enterprise and, as a result, she was selected from hundreds of candidates from across the country for the honor," Radian said in the statement.

Today, Radian said Robert Griffith was appointed chief operating officer and will be reporting to Bryce. His latest job was senior vice president for Bank of America where he oversaw a national network of loan fulfillment centers. He was previously a director for the Mortgage Bankers Association.

Christine Conner was appointed senior vice president, national account manager, at Stewart Lender Services, according to an announcement last month. Stewart nabbed Conner from First American Corp., where she served as strategic accounts director.

The new senior managing director for real-estate-owned and loss mitigation operations at The National Groups is Mitchell Oringer, according to a Feb. 22 statement. He most recently worked for Titleserv National Default and reportedly has 20 years' experience.

Also joining Glastonbury, Conn.-based National Groups -- parent of National Default Servicing LLC -- was Richard T. Fikani, who was hired as managing director of default services for the parent.

The StoneHill Group said last week that Robert J. Voll was appointed national director of sales and marketing. StoneHill -- which said it provides quality control, due diligence and processing services -- noted that Voll most recently worked as a sales executive with Kroll Factual Data.

Diane M. Cardinal was elected to the board of directors of Lenders Asset Management Corp. -- or LAMCO, an announcement last month indicated. Cardinal, who recently retired from U.S. Bank, National Association's, foreclosure asset management group, was brought on board to "aid in strategic direction and the growth of LAMCO's REO portfolios."

Default service provider Prommis Solutions LLC lured Tina Jones away from SunTrust Mortgage Inc., according to a February statement. As vice president of bankruptcy, Jones will coordinate non-legal services for two business partner law firms. In addition to SunTrust, she previously worked at GreenPoint Mortgage.

Also hired by Prommis was Michael Blair, who will serve as vice president of default processing services. His last stint was chief operating officer at Franklin Credit Holding Corp., though he worked at Key Bank prior to that.

CCG Catalyst, which provides strategic guidance for mortgage lenders and financial institutions, said in a Feb. 16 press release that Thomas D. Switzer was named partner and senior consultant at the Phoenix firm. Switzer will develop strategies for technical banking processes

Lake Forest, Calif.-based National Creditors Connection Inc. said last week that it promoted Justin Meece to east region director of sales and appointed Mark Shapiro to national account manager. The company provides field services.

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

[email protected]

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