From HW Magazine

2017 HW Vanguard: Jay Bray

CEO at Mr. Cooper
Over the last year, Jay Bray has led Nationstar through a major transformation to become a customer-centric company with a new brand name for its mortgage servicing and originations operation – Mr. Cooper.
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Expert: Construction lending prepares to meet its perfect storm

Trillion-dollar industry greatly underserved
The construction lending industry is ripe for change as it struggles to keep up with the world’s changing technologies. One expert told HousingWire the industry remains in the stone ages when it comes to managing its mortgages. But now, it is preparing for the “perfect storm.”
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Blighted Michigan homes expose residents to hazardous materials if demolished

Includes risk of asbestos exposure, illegal dumping, and contaminated soil
House demolitions through the Hardest Hit Fund’s Blight Elimination Program in Michigan could expose residents to hazardous materials and other risks, according to a new report conducted by the U.S. Army Corps of Engineers on behalf of the Office of the Special Inspector General for the Troubled Asset Relief Program. Here’s a list of the most likely risks, along with the ways to fix them.
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Having the right infrastructure is key to disposition efficiency

Dedicated teams for buyers and sellers just as important as technology
In the best of circumstances, disposition is a challenging business process. When you add in the complexity of unforeseen events, like this year’s hurricanes in the Southeast and wildfires in the West, it only underscores the importance of having the right infrastructure in place to support maximum efficiency when it comes to the successful marketing and selling of foreclosed properties.
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PHH adds Albert Celini as senior vice president, risk and compliance

Will become chief risk and compliance officer on Jan. 1, 2018
The management shakeup at PHH Corp. continued Monday when the company announced that it hired Albert Celini as senior vice president, risk and compliance. But Celini will only serve in the role for a little over a month. On Jan. 1, 2018, Celini will assume the role of chief risk and compliance officer, replacing Leith Kaplan, who will step down on Dec. 31, 2017.
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Chronos Solutions

Executive Conversation: Matt Slonaker and Kristina Krutchik on an effective disposition strategy

Chronos Solutions leverages RealtyBid experience with hard-to-sell assets
The biggest differentiator for us is the fact that we’re not a pure vendor in the auction space, we have asset management, title and settlement, etc., and bundling the entire process under one vendor is very important as volumes are decreasing. Why have five or six vendors when you can have one?
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Goldman Sachs forgives $71 million in mortgage debt

Part of $1.8 billion consumer relief obligation in $5 billion settlement
Goldman Sachs forgave nearly $71 million in mortgage debt over the last several months, as the company works to meet its $1.8 billion consumer relief obligation that is part of the company’s $5 billion settlement reached in April 2016 over toxic mortgage bonds, the settlement’s monitor said in a new report.
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Servicers: We've got your answers on disposition strategy

Find out how our hosted white papers can help
While overall U.S. foreclosures were down 20% in the second quarter compared to last year, 13% of metro areas saw an increase in foreclosures this year, including Houston, Oklahoma City, and Hartford, Connecticut — all up by double digits. If you’re a servicer, the potential for increased foreclosures could catch you flat-footed. Luckily, HousingWire has you covered.
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