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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 Align Executives

Recent executive activity at mortgage service providers

Dec. 18, 2009


An executive was able to use his relationship with a friend he knew from high school to help score a senior position at a loan origination system developer. Meanwhile, two other mortgage service providers also announced changes at the top.

Default service provider Prommis Solutions LLC announced Tuesday the hiring of Susan Staley as vice president of loss mitigation. Staley previously was an asset manager for Fannie Mae REO at Chrisley Asset Management and previously worked at Fannie for 25 years.

Jerry White was hired as chief operating officer and chief financial officer of Avista Solutions, a news release Tuesday said. He will be responsible for day-to-day operations and financial management at the LOS provider.

White has known Avista co-founder and Chief Executive Officer Mark Phlieger since high school. He most recently worked as a CFO for a Metavante Banking Solutions subsidiary.

The new president and chief operating officer of the The First American Corp.'s information solutions group is Anand K. Nallathambi, a Dec. 4 press release indicated.

Among other things, Nallathambi will help prepare for the separation of First American, which is expected to be completed by April 2010, and help oversee the integration of First Advantage Corp.

First American also reported that Frank V. McMahon, chief executive officer of the information solutions group, has resigned.
photo of Jerry White
Avista photo of Jerry White

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

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