Among mortgage-related service providers to announce new executives were a default technology firm, a structured securities company and a due diligence firm.
John Vella — who previously served as executive vice president of GMAC-ResCap, chief administrative officer of Option One Mortgage Corp. and chief executive officer of EMC Mortgage — has been hired as the chief operating officer of Equator. In his latest gig, Vella will implement the growth strategy at the Los Angeles-based company — which says it provides automated technology for default servicing, REO and short sales.
Vella also was previously the president and chief operating officer of Aames Investment Corp. and a director at Freddie Mac and the Federal Deposit Insurance Corporation.
The new managing partner at Loan Value Group LLC is Craig Lipsay, the Rumson, N.J.-based company disclosed in April. He’ll work with institutional clients to implement a program directed at borrowers who are considering strategic defaults.
Lipsay’s resume includes stints as co-Head of the North American Strategic Solutions Group at Merrill Lynch and head of North American securitized product sales at Morgan Stanley.
Renee Haglund Tierney was appointed vice president and manager of Stewart National Title Services’ Minneapolis national commercial operations, a May 3 press release indicated. The 30-year title insurance veteran counts Chicago Title Insurance Co. among her prior employers.
The StoneHill Group announced earlier this month that Chuck Wells was named director of compliance and internal audit. He will oversee the regulatory compliance and internal audit functions, and he’ll evaluate and implement required action plans as well as new policies and procedures.
Wells started in the mortgage business in 1983 and spent time at HomeBanc Mortgage Corp. and Taylor Bean and Whitaker.
StoneHill also announced that appointment of Greg Vincent as account executive sales and marketing. He previously worked at MITTBROS Loan Advisory, The CIT Group and Superior Bank.
At NewOak Capital in New York, Chad J. Burhance was appointed managing director and head of NewOak Solutions, a statement last month said. He was also appointed to NewOak’s executive committee. Burhance’s prior employers include Lehman Brothers, Citigroup and State Street Investment Analytics.
“Mr. Burhance will lead expansion of NewOak Solutions beyond complex structured securities to comprehensive quantification of the risk and return characteristics, sensitivities and stress testing of multi-asset class, multi-currency portfolios including complex derivative instruments,” the announcement said.
