Truckee-Clear Capital has appointed Barry Bates as the company's vice president of portfolio due diligence.

Clear Capital brought Mr. Bates on board to help reconcile and research property values within appraisals, BPOs, automated valuation models and other valuation products.

His prior positions include vice president and chief appraiser of Commerce Security Bank, Sacramento, Calif.; vice president and regional chief appraiser, Wells Fargo REIG, Sacramento; and vice president and director of appraisal, Ameriquest Mortgage, Orange, Calif.


Indianapolis-Oak Street Mortgage has named Ken Bilyeu as director, secondary marketing. He joins Oak Street Mortgage from Bank One where he most recently held the title of director of secondary marketing.

In his new role at Oak Street Mortgage, Mr. Bilyeu will be responsible for the secondary marketing activities that include pricing, hedging, and secondary market sales of the firm's loan production.Mr. Bilyeu comes to Oak Street with 13 years of experience in the financial services industry.


St. Louis-Love Funding Corp. said that Carolyn Whatley has joined the company as vice president. Ms. Whatley is a 20-year veteran of the mortgage banking and apartment development industry.

Prior to joining Love Funding, Ms. Whatley served as vice president of Reilly Mortgage Group Inc., where she was responsible for the origination of multifamily and health care loans. She is experienced with FHA, Fannie Mae and Freddie Mac placements.


New York-Lang Gibson and Katherine Lynch have joined Merrill Lynch to spearhead its collateralized debt obligation research effort.

Mr. Gibson joins Merrill Lynch from Bank of America where he ran the structured credit products research effort. He recently won Risk magazine's Derivatives Research of the Year Award. Prior to that, he worked at First Union Securities, covering structured products.

Ms. Lynch also joins Merrill Lynch from Banc of America. Prior to that she worked at Fitch for four years on CDOs and asset-backed securities.

New York-Didi Parks recently joined J.P. Morgan's Institutional Trust Services division as vice president.

Prior to joining J.P. Morgan, Ms. Parks had worked at Clayton in Shelton, Conn., a firm that provides due diligence and transaction support services for the loan market. Ms. Parks had been a vice president there and focused on marketing and client-related activities.

She had also launched the monthly Clayton publication, The Bottom Line, which focuses on loan portfolios and information services.


Charlotte-Household Mortgage Services has appointed Ron Esser to vice president of pricing. Mr. Esser has nine years experience in product and pricing, including six years with Decision One Mortgage, Member HSBC Group.

He will manage pricing for flow, business, bulk and mini bulk at Household Mortgage Services.

Household Mortgage Services has also appointed Mike Brenning as national sales director.

Mr. Brenning, who has eight years of experience in capital markets and sales, will lead the strategic direction by adding to the sales force, laying a more defined corporate infrastructure, and enhancing online technology.

Greensboro-AIG United Guaranty's domestic consumer group, which includes companies that insure second mortgages, home-equity loans and student loans, has made three officer-level promotions.

Pam Gavin, who joined AIG United Guaranty in May 2004, was elected vice president with responsibility for national accounts. Previously she was a first vice president and senior group product manager for consumer products with Washington Mutual in Seattle. Ms. Gavin has 18 years of experience in the mortgage industry, primarily in consumer lending sales and management.

Bill Palmer, the group's new assistant vice president for business planning and financial analysis, has seven years of experience in the lending industry, also with a focus on consumer lending. Before joining AIG United Guaranty in 2000, he was with KPMG Consulting.

Christy Scott was promoted to assistant vice president with responsibility for the student loan program. She has 14 years of experience in the student loan industry and joined AIG United Guaranty in 2003 after serving as assistant vice president for private loan originations at Educaid, Wachovia's student lending division.

Greensboro-FirstPoint Mortgage Res-ources, an Equifax system affiliate and sales agent that provides residential mortgage credit services including credit reports, flood certificates, automated appraisal valuation modeling and more, has hired Michael Hodges as regional account sales executive.

Mr. Hodges will service banks and mortgage companies in the multistate southeastern territory.

He comes to FirstPoint with over 20 years of sales and client relations experience, including work with mortgage lenders, banks and credit unions.


Horsham-GMAC Institutional Advisors has appointed Brent Morris and Lily Wang as vice presidents in the firm's Levered Finance Group.

In his new role as part of the portfolio management team, Mr. Morris will focus on the origination and evaluation of mezzanine debt and B-note transactions from third-party sources and GMAC Commercial Mortgage.

Morris joins GMAC Institutional Advisors after five years at Deutsche Bank.

Ms. Wang is part of the asset-backed securities portfolio team with responsibility for evaluating asset-backed and residential mortgage-backed securities for the structured finance collateralized debt obligation program.

She joins GMAC Institutional Advisors after three years with Declaration Management, a subsidiary of John Hancock Financial Services. Her prior experience also includes Freddie Mac and the Construction Bank of China.


Seattle-Washington Mutual Inc. has named Alan Magleby as senior vice president of investor relations.

Mr. Magleby, who most recently was senior vice president and deputy director of investor relations for J.P. Morgan Chase & Co., will oversee all aspects of Washington Mutual's investor relations function, including day-to-day management of the investor relations team and be a primary contact for the investment community.

He will be located in New York.

Copyright 2004 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.mortgageservicingnews.com

Next in News ►