Fannie Loss Mit Veteran Joins Prommis Solutions
Susan Staley joins Atlanta-based default processing services provider Prommis Solutions as vice president of loss mitigation. In her new role, she will be responsible for the oversight of the loss mitigation outsourcing operation including the development of new products and services and strategic initiatives within the loss mitigation department. Staley spent more than 25 years at Fannie Mae (FNM), where she led the development of servicing pilots to establish new loss mitigation policies and procedures and managed internal loss mitigation efforts and operations, Prommis Solutions said. Her work resulted in a patent issued to Fannie in July for a method and system for evaluating loan workout scenarios. Most recently, Staley was a Fannie real estate owned (REO) asset manager at Chrisley Asset Management. She also received the Dale P. Riordan Award for the development of the Distressed Assets Reporting and Tracking System (DARTS). Prommis Solutions offers default processing services, loss mitigation, REO closing and other mortgage-related services to mortgage servicers, investors, insurers and law firms. Write to Austin Kilgore.