Solutionstar, a wholly owned subsidiary of Nationstar Mortgage (NSM), has hired Chad Neel as the company’s new executive vice president of servicing solutions.

In this role, Neel is tasked with leading and growing the company’s existing servicing solutions business lines, including the auction and online marketing platform and the asset management, REO closing, short sale management, recovery and field services businesses.

Neel will also focus on launching new product, technology and service offerings for existing and new customers.

“We’re looking forward to leveraging Chad’s broad experience and successful operational track record by having him lead several of our business units,” said Solutionstar President Shawn Stone. “We believe he will immediately add value and expect we’ll soon see the development of new products and services.”

Neel joins Solutionstar from McCarthy and Holthus, where was director of corporate strategy. Earlier in his career, Neel spent more than 10 years at Lender Processing Services, serving as Senior Managing Director and division president for several different business units during that period.

“Solutionstar is a rapidly growing organization providing exceptional products and services to the real estate and mortgage industries,” Neel said. “I’m looking forward to helping the company expand into new areas.”