Distressed Servicer Adds 300 Employees, New COO

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MORTGAGE EXPERT
3 · 26 · 12

A new chief of operations has been named to a growing special servicer that has added nearly 300 employees in just the past month.

Ed Delgado has been recruited as the new chief operating officer of Wingspan Portfolio Advisors, according to a statement Monday.

His new assignment starts on April 2.

Delgado was the chief executive officer of the Five Star Institute, an organization that has thrived as a result of the explosion of U.S. foreclosures. He’ll remain affiliated with the Dallas-based group as chairman of the Five Star National Servicing Association — a new trade group that claims to represent more than 90 percent of U.S. mortgage bankers.

He also spent time as a Wells Fargo senior vice president of government and industry relations and was a Freddie Mac executive who had responsibilities in loss mitigation, structured risk transactions, investor reporting and portfolio analysis.

The statement went on to tout growth at Carrollton, Texas-based Wingspan, which “has quadrupled its number of employees” during the past 12 months.

Just last month, Wingspan reported that headcount stood at more than 1,400 people.

Today’s announcement indicated that staffing has grown to nearly 1,700 employees.

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