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Big Service Providers Make Big Executive Changes

Recent executive activity at mortgage service providers

March 15, 2010

By SAM GARCIA


A mortgage securitization executive was hired by a big investment house, while two big appointments were announced by The First American Corp.

Deutsche Bank Securities Inc. announced on March 5 that Steve Abrahams joined the company as a managing director and head of securitization and mortgage-backed securities research within the its global markets division. His 20 years' experience includes a stint as credit portfolio manager at Freddie Mac.

Anand K. Nallathambi was appointed chief executive officer of The First American Corp.'s Information Solutions Group, according to a press release today. He will continue to serve as the group's president and chief operating officer.

In addition, First American said Buddy Piszel was appointed chief financial officer of the same group. Piszel is CFO of the parent company and will continue to hold that position. But he will be replaced as CFO of the Financial Services Group.

Bradley Coburn was appointed vice president of valuations at UnitedTech Lender Services Inc. on March 1, the company said last week. At a prior job with JPMorgan Chase & Co., Coburn managed the quality metrics, performance metrics and appraisal training programs.

Over at BlitzDocs, Nancy Alley will serve as product manager, parent Xerox Mortgage Services said this month. With 15 years' experience, Xerox said Alley previously led the product management and engineering efforts of eSignSystems. She also used to work at GE Capital Corp.

Pamela Jones Harbour, the commissioner of the Federal Trade Commission issued a statement last week indicating she would resign on April 6. Harbour served on the commission for more than six years.


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

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