Lake Forest-Provantedge Technologies has named Ronald L. Askew as chief executive officer. Mr. Askew comes to Provantedge with a background in commercial and mortgage banking, along with investment banking.
Most recently Mr. Askew was managing director at Askew Kabala and Co., a regional investment-banking firm, headquartered in Orange County, Calif., where he will continue to maintain his board position as chairman.
District of Columbia
Washington-The Mortgage Industry Standards Maintenance Organization, an organization established by the Mortgage Bankers Association, has named its new residential governance committee members for the 2004-2005 term. MISMO develops electronic commerce standards for the mortgage industry.
The governance committee is elected from a cross-section of the residential real estate finance industry and provides oversight for MISMO's administration and policy development.
The committee consists of 16 MISMO subscriber organizations that serve two-year terms, with half the seats up for election each year.
The following people were elected or re-elected to positions on MISMO's governance committee for the 2004-2005 term:
David Barkley, director of e-commerce relations, Freddie Mac; Lisa Bolelli, vice president of program management, First American Corp.; Adam Hall, information technology Web development manager, IndyMac Bank; Craig Foote, data architect, Fidelity Information Services; Mike Bixby, director of e-data, Info1/LandAmerica; Todd Luhtanen, chief technology officer, Dynatek Inc.; Ed Ransden, senior systems architect, CitiMortgage; and Ty Jenkins, president and chief executive officer, DocuTech Corp.
Chicago-Allen Koranda, chairman and CEO of MAF Bancorp, has been elected to a two-year term as chairman of the board of directors of the Chicago Federal Home Loan Bank. He has been a
member of the FHLB board for seven years.
A member and past chairman of the board of directors of the Illinois League of Financial Institutions, Mr. Koranda also serves on the board of directors for America's Community Bankers.
Eagan-AllRegs has promoted Douglas Smalley to vice president/chief technology officer and hired Ardis Kolar, a 20-year industry veteran, as a mortgage process specialist.
Mr. Smalley, who was the firm's product development manager, has been with the firm since 1996.
Mr. Kolar was formerly SVP/corporate operations manager at TCF Mortgage in Minneapolis.
The firm also announced a reorganization of its advisory board with the additions of David Matthews, former president of RBC Mortgage, Scott Cooley, founder of Contour Software, Joseph Doyle, president of TCF Mortgage, and Terry Schopfer, president of TenA Companies.
St. Louis-Terry G. Davis has been named chief financial officer of American Equity Mortgage. In his new position, Mr. Davis will focus on cash management and maximization and risk management.
Since joining American Equity Mortgage in 1998 as corporate controller, he has directed all accounting and treasury activities. Prior to American Equity, he served as corporate controller for Aurora Foods and held various managerial positions with Kellwood Co. and was senior in-charge auditor with Arthur Andersen.
New York-Deutsche Bank Securities Inc. said that Victoria Averbukh has joined the firm as a director and will be responsible for collateralized mortgage obligation (CMO) research and analysis. She will be based in New York.
Ms. Averbukh joins Deutsche Bank after seven years at Citigroup, where she most recently focused on the CMO market within their mortgage strategy group.
Uniondale-Arbor Realty Trust Inc., a REIT managed by Arbor Commercial Mortgage LLC, has named Scott Warshaw as director of asset management.
Mr. Warshaw has more than 15 years of property management experience.
Prior to joining Arbor Realty, he served as the assistant director of residential property management with Macklowe Management Co. Inc., a Macklowe Properties Co.
Wayne-GHR Systems Inc. has appointed Ted Morse senior vice president of sales and business development for its Mortgage Automation Solutions division.
Mr. Morse joins GHR from Fiserv where he spent the last five years as senior vice president of sales, marketing and business development.
Plano-LandSafe Inc., a provider of real estate information and closing services and a subsidiary of Countrywide Financial Corp., has promoted Steve Boland to president and managing director of LandSafe. As president of LandSafe, Mr. Boland will head its four real estate closing services companies.
As a 15-year veteran of the mortgage banking industry, Mr. Boland most recently served as president and chief operating officer of LandSafe Credit, where he was responsible for the organization's automated credit reporting products and fulfillment operations.
McLean-Freddie Mac has named Michael Swell vice president of the Securities Sales and Trading Group. Mr. Swell joined Freddie Mac in 1992 as an institutional sales representative in SS&TG.
Seattle-WaMu Capital Corp. has hired Bob Titus and Eric Londa as part of its continued expansion in the capital markets business.
Mr. Titus, a 12-year veteran of Lehman Brothers, will serve as senior pass-through trader and will be based in the company's New York office. Prior to joining WaMu Capital Corp., he was the senior mortgage options trader for Lehman Brothers since 1993.
Mr. Londa, formerly with Deutsche Bank and Countrywide Securities, will be based in the company's New York office.
Prior to joining WaMu Capital Corp., he was the director, head of private label MBS for Deutsche Bank, managing the implementation of all risk management systems including analytics and models.
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