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Executive Conversation: Rida Sharaf on providing REO liquidation for mobile homes

USRES leverages its expertise in asset management to navigate challenging regulatory hurdles
The mobile home industry is a close-knit community with long-standing relationships between varying participants. Developing relationships based on trust and cooperation has been paramount. Just as important is the understanding of the regulatory guidelines involved with managing and liquidating mobile homes. Every state (and in some cases, county) has different rules governing the various aspects of the management and sale of this asset class. Being able to quickly aggregate, process, and learn these laws and guidelines was of the utmost priority.
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Big changes at CIT: Exits reverse mortgage and servicing businesses

Completes sale of Financial Freedom
CIT Group, the parent company of CIT Bank, OneWest Bank, and Financial Freedom, announced Tuesday that it completed the previously announced sale of reverse mortgage company Financial Freedom to an unknown buyer. But that wasn’t the only piece of news that CIT dropped on Tuesday.
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SunTrust back in compliance with National Mortgage Settlement servicing rules

Remedies failure of one metric
SunTrust is back in compliance with all of the servicing requirements of the National Mortgage Settlement, the settlement’s monitor said in a report published early Tuesday. Joseph Smith, the monitor of the National Mortgage Settlement, said in the report that SunTrust did not fail any compliance metrics that his team tested during the second half of 2017.
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From HW Magazine

2018 Rising Stars: Allan Voltz

Senior Vice President of Pricing at Arch Mortgage Insurance
Allan Volt, senior vice president at Arch MI, leads three key pricing functions: price point management, research and development and implementation and analytics. In his role, Voltz is responsible for Arch MI’s RateStar risk-based pricing solution and has worked to evolve RateStar during Arch MI’s acquisition and integration with United Guaranty (UGC) over the past year.
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From HW Magazine

2018 Rising Stars: James Harp

Director of Real Estate Auction Service at Altisource
James Harp has been promoted  five times since he began his career with Altisource in 2008 at 26 years old. Starting as REO asset manager, Harp now serves as the director of real estate auction services, where he is responsible for the development of Altisource’s auction products.
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From HW Magazine

2018 Rising Stars: Rachael Faulkner

Vice President of Servicing Cash Management Operations at U.S. Bank
Rachael Faulkner, vice president of servicing cash management operations for U.S. Bank, transformed the course of her department from being process- and task-driven to customer-driven. Her team now sees a valued customer in front of them, not a task when they process their daily work.
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From HW Magazine

2018 Rising Stars: Joel Davis

Executive Director at Freedom Mortgage Corp.
With more than 15 years of call center and financial services experience, Joel Davis, executive director at Freedom Mortgage Corp., continues to find ways to improve the customer experience. Davis manages a team of more than 350 employees dedicated to customer care as well as other operational functions.
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From HW Magazine

2018 Rising Stars: Nicholas Corpuz

Vice President of Servicing Oversight at Subsequent QC
Nicholas Corpuz is vice president of servicing onsite at Subsequent QC (SQC), an MQMR sister company. Since joining SQC four years ago, Corpuz has played an instrumental role in developing the company’s vision to not only protect clients through the design of a servicing quality control platform denovo but also add value to their businesses by offering servicer and sub-servicer reviews.
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From HW Magazine

HousingWire's class of 2018 Rising Stars

The 46 young leaders energizing the industry
The 2018 Rising Stars represent the best young leaders in the mortgage industry. Many of our 46 winners are leading companies as C-level executives, making strategic decisions for their organizations or developing new and inventive ways to get things done. Others are contributing through product development, data management or finding new ways to engage with consumers. Across the board, their efforts and accomplishments are influencing the present and future course of our industry.
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Ocwen CFO Michael Borque resigns

Leaving to take a position at an undisclosed financial services company
After 4 years, Ocwen Financial Chief Financial Officer Michael Borque is resigning to move on to an unnamed financial services company. Details are scarce, but Borque is Ocwen's second prominent executive to step down in less than two months.
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