Service Link Expands Default Servicing Management Team
ServiceLink, a mortgage services subsidiary of Fidelity National Financial (FNF), announced three appointments for its default servicing division. Chris Bolger has been named senior vice president of default title/TSG services, Stacey Bayley has been named senior vice president/chief operating officer for AssetLink and William Breeden has been named senior vice president of default servicing. Bolger, who formerly served as vice president of National Default Title Services at First American Title Insurance, will lead the management of all operating elements of the business, service delivery to clients and the development of what the company characterized as "innovative default title products." Bayley will assume responsibility for the management of the AssetLink Operations Centers in Denver, Kansas City, West Palm Beach, Dallas and Buffalo; she was recently the VP of REO at Litton Loan Servicing. Breeden, former AssetLink chief operating officer, will develop and manage a series of collateral-based default services for ServiceLink, including what the company touted as an "innovative short sale solution," although it didn't provide further details on its plans in this area. It's worth noting that nearly every major default servicing shop is pursuing its own model for handling short sales; thus far, despite numerous unsubstantiated claims by industry players, it's not clear that anyone is pursuing a short sale model that differs dramatically from the rest of the field -- the reason is because most contracted and third-party default servicers are bound to operate within the confines of existing investor guidelines. For more information, visit http://www.servicelinkfnf.com. Disclosure: The author held no positions in FNF when this story was originally published. HW reporters and writers follow a strict disclosure policy, the first in the mortgage trade.