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ARTICLES

  • Berkadia appoints new managing director for mortgage banking team

    Tom Genetti will report directly to Senior Managing Director Richard Levine
    Berkadia announced Friday that Tom Genetti has been appointed as managing director to its mortgage banking team. Genetti said he's eager to expand Berkadia's penetration in the Southeast and to bring unmatched debt solutions and exceptional service to a new client base.
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  • Bainbridge Companies hires five new executives to position for growth

    Bainbridge says it expects significant growth in East Coast operations over next 3 to 5 years
    Luxury multifamily firm Bainbridge Companies, recently hired five members to its executive team in support of its growth initiatives in the Mid-Atlantic region. As the single-family industry struggles to prop up sagging originations and fight low inventory, resulting in a tough season full of layoffs, the multifamily industry appears to be running strong. The ability of firms to hire for growth is a good indicator that things are going swimmingly in the multifamily industry.
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  • Navy Federal Credit Union names Mary McDuffie president and CEO

    McDuffie promoted from chief operating officer
    Navy Federal Credit Union is about to have a new leader. The world’s largest credit union announced Thursday that it is promoting Mary McDuffie to serve as its new president and CEO. Previously, McDuffie served as the credit union’s chief operating officer.
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  • Class Appraisal names Gary Ferguson as its new CTO

    Ferguson will lead Class Appraisal's new tech development efforts
    Class Appraisal named Gary Ferguson as its chief technology officer to spearhead its pursuit of tech solutions. Ferguson has 20 years of experience in enterprise application development and has spent most of his career in the mortgage industry. Prior to joining Class Appraisal, Ferguson was CTO at Centric Technology Solutions.
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  • Goldman Sachs honors Better Mortgage CEO Vishal Garg

    Garg recognized as one of the most intriguing entrepreneurs in 2018
    Goldman Sachs recently recognized Better Mortgage Founder and CEO Vishal Garg on its 100 Most Intriguing Entrepreneurs 2018 list, highlighting his efforts in the housing sector. Garg said Better Mortgage considers the recognition to be a testament to the success of the company's larger mission.
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  • BMO Harris confirms face-to-face mortgage employee layoffs

    The bank is consolidating behind a call-center strategy, could eliminate 170 jobs
    BMO Harris recently confirmed that it is indeed cutting back its face-to-face mortgage operations with a round of layoffs. According to The Chicago Tribune, the company still won’t put a number on the amount of jobs it will eliminate but the Milwaukee Journal Sentinel said it could be 170 jobs based on an internal document it reviewed when the news of the cuts first broke.
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  • Washington Post: HUD staffer shuffled to new agency, confusion and suspicion reigns

    In a surprise move, HUD Assistant Secretary Suzanne Israel Tufts has joined the Interior Department as acting inspector general
    In a highly unusual move, U.S. Department of Housing and Urban Development Assistant Secretary Suzanne Israel Tufts was moved to the Interior Department to serve as acting inspector general overseeing four investigations into Secretary Ryan Zinke’s conduct.
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  • Uber co-founder's real estate tech company Haus hires new CEO

    Names former Trulia exec Jonathan McNulty as its new CEO
    Haus, Uber Co-Founder Garrett Camp’s real estate tech company, hired Jonathan McNulty as its new chief executive officer. Along with McNulty’s addition to Haus’ C-suite, Haus is launching a new digital platform to help homebuyers and sellers go through the real estate process on their own for free.
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  • ComplianceEase names Sanjay Tibrewal vice president of product management

    Will be responsible for the roadmap and execution of risk management products
    ComplianceEase, a provider of automated compliance solutions, has named Sanjay Tibrewal vice president of product management. ComplianceEase President John Vong said Tibrewal's "entrepreneurial spirit combined with his technological expertise" will enable the company to better service its clients.
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