As individuals make their way through the industry and companies merge, keep watch on the important highlights in this activity update.
Flagstar Bank recently announced the addition of Kristy Fercho, who was previously SVO and Customer Delivery Executive for Fannie Mae, to lead Flagstar’s Mortgage Business. In 2016 alone, Flagstar originated $32 billion in home loans. Fercho spent 15 years with Fannie Mae, originally as the VP of human resources responsible for the company’s people strategy, talent acquisition, and cultural transformation. Since then, she served in customer management roles and oversaw mortgage production of almost 2,000 lenders. As of late, she managed customer delivery strategy and business performance of all Western U.S. customers, delivering single-family home loans to the agency. She is a mortgage industry veteran with knowledge in mortgage originations, servicing, fulfillment, risk management, and regulation.
Melvin Watt, Director of the Federal Housing Finance Agency (FHFA), recently announced Andre D. Galeano to Deputy Director of the Division of Federal Home Loan Bank Regulation. Prior to this position, Galeano served in various positions in the FHFA since 2002. Additionally, Galeano served as Associate Director of examinations for the FHLBanks, Associate Director of credit risk for Fannie Mae and Freddie Mac, and Examiner-in-Charge of Fannie Mae.
ZVN Properties has recently announced the hiring of Kiyoshi D. Hunt as VP of Strategic Partnership. Hunt has over 23 years experience working in professional sales and management with local and national organizations over multiple business segments. Utilizing his “client first” approach, he has a proven track record of high level business development and service management, problem resolution skills, and is an expert in creating efficiencies and processes to assist clients in achieving their goals. Hunt has worked in the REO industry since 2009, and has excelled in forming strategic partnerships. Prior to joining ZVN Properties, he has successfully created synergies among multiple companies in the REO industry to protect vacant properties by working with national property preservation companies, banks, and other organizations in the industry.
International Document Services, Inc. (IDS), a mortgage document preparation vendor, announced recently the promotion of former Manager of Development Beckie Santos to the newly created position of Manager of New Product Development. In her new role, Santos will leverage her development experience to work closely with the IDS development team as well as operations, quality assurance, and compliance to help shape and guide future solutions. Santos joined IDS in 2004 as a developer. During her tenure in development, she became known as a go-to developer for difficult projects. In 2010, Santos was promoted to Manager of Development. In her new position, Santos will also oversee the global integrity of IDS systems. She will further work to make certain that releases run smoothly, coordinating with both customer support and development to certify that all updates are clean and efficient.
ClosingCorp, recently announced that Springboard Home Loans, a not-for-profit mortgage lender working to expand homeownership, has begun using its SmartFees solution, an automated fee solution that delivers real-time closing cost data from more than 20,000 individual service providers. With this move, Springboard will now be able to expedite Loan Estimate and Closing Disclosure production through its integration with ClosingCorp and Ellie Mae’s mortgage management solution, Encompass.