MortgageReverse

Celink Promotes New VP of Financial Systems and Automation

Reverse mortgage subservicer Celink has a new vice president of financial systems and automation.

The Lansing, Mich.-based company elevated Patricia Cotter to the position, which will oversee Celink’s automation efforts in its accounting department and elsewhere.

“Patty’s innate ability to systematically dissect an issue, process a transaction, and develop a solution, along with her thorough understanding of broader implications, make her a natural fit for this important new role,” Celink’s CFO Rebecca Green said in a statement announcing the promotion.

Cotter has spent 30 years working in the accounting field, with particular expertise in system analysis, design, and implementation. She has worked in both the public and private sectors, according to Celink’s statement.

“I see this work as a means of better aligning the financial interests of Celink clients and borrowers,” Cotter said. “I’m delighted to have this opportunity and look forward to the unique challenges this industry presents.”

The largest subservicer of Home Equity Conversion Mortgages, Celink last year picked up the $900 million portfolio of Financial Freedom loans from CIT Group (NYSE: CIT). The company also appointed its first-ever general counsel, Martha Belcher, at the end of 2017.

Written by Alex Spanko

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