People Movers

Class Valuation snatches up another AMC

Acquires Texas-based appraisal management company Janus Valuation & Compliance
Class Valuation, a real estate collateral valuation and appraisal management company, has acquired Janus Valuation & Compliance. The deal is the second AMC acquisition the Michigan-based 2019 Tech100 winner has made in the last six months and one of several big steps Class Valuation has taken since it was acquired by Narrow Gauge Capital in March 2018.
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HouseCanary appoints new chief product officer

Bashambu previously served as IAC Applications chief analytics officer
HouseCanary, a real estate technology company, recently announced Niti Bashambu joined the company as its new chief product officer. HouseCanary CEO and Co- founder Jeremy Sicklick said Niti’s long track record of success and expertise in product strategy makes her the ideal candidate to shepherd the company's product offerings.
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PRMI hires Steven Sless to manage reverse mortgage division

Will open a HECM-focused retail branch in Maryland
PRMI has hired Steven Sless as its reverse mortgage division manager. In his new role, Sless will be opening the lender's first consumer-direct retail branch that deals exclusively with reverse mortgages in Maryland. Sless will also work alongside PRMI's HECM Business Development Manager George Morales to expand the lender’s footprint in the reverse mortgage space.
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OCC taps new head of Large Bank Supervision

Maryann Kennedy to take over as senior deputy comptroller
The Office of the Comptroller of the Currency has tapped Maryann Kennedy as senior deputy comptroller of Large Bank Supervision. As such, the OCC said Kennedy will oversee the nearly 800 staff members who supervise the nation’s largest banks and federal branches and agencies, which hold more than $10 trillion in total consolidated assets.
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Commercial lender Berkadia expands mortgage banking team

Lender adds three new directors
Commercial mortgage lender Berkadia recently announced it has added three new directors to its mortgage banking team. Berkadia EVP and Head of Mortgage Banking Hilary Provinse said the additions enhance the company's regional and product expertise and are another step in the company's ongoing efforts to cultivate best-in-class talent in every major market.
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Finance of America Reverse names Dan Hultquist VP of organizational development

Hires the reverse mortgage trainer and author to assist in education across channels
Finance of America Reverse has hired Dan Hultquist as vice president of organizational development. As such, the veteran reverse mortgage trainer will play a crucial role in developing the lender’s training and educational materials across channels, including those for professional partners in financial planning and real estate.
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HousingWire expands coverage to serve real estate agent community

KK Howley joins as real estate editor to cover news and analysis for agent / broker audience
Real estate agents face myriad challenges in simply earning a living. The emergence of real estate services and search engines as well as the advent of the iBuyer movement both pose major challenges to the ability of these agents to grow their businesses and serve homeowners in their local communities. HousingWire's coverage will better equip agents to help their clients make more informed home purchase and financing decisions, build stronger referral relationships and build sustainable businesses.
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University Lending acquires assets from Huron Valley Financial

Deal includes acquisition of HECM lender 1st Nations Reverse
University Lending has acquired assets from Huron Valley Financial, taking on 52 of its employees, including its wholesale lending division, HVF Partners, and its reverse mortgage channel, 1st Nations Reverse. The deal between the two Michigan-based companies will bring University’s total employee headcount to 440 and will make it the largest locally based first mortgage originator, University said.
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Fannie Mae officially names Hugh Frater its new CEO

Frater has served as the company's interim CEO since 2018
Fannie Mae announced Wednesday that interim CEO Hugh Frater has officially been appointed to the role. Chair of Fannie Mae’s Board of Directors Jonathan Plutzik said Frater's contributions over the last several months demonstrate his commitment to strengthening the GSE.
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Gateway Mortgage names new chief banking officer

Joe Siegel will oversee lending activities across channels
On the brink of its merger with Oklahoma's Farmers Exchange Bank, Gateway Mortgage Group named Joe Siegel chief banking officer. As such, Siegel will oversee commercial, consumer and specialty lending activities, as well as its retail banking services, for the company, which is set to rebrand as Gateway First Bank in the coming months.
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