Clayton Holdings, a provider of loan due diligence, surveillance and consulting services to the mortgage industry, named Joe D’Urso president and chief operating officer of the company.
In this role, D’Urso will oversee all of Clayton’s U.S. business units.
He has 23 years of experience in the financial services industry having served in leadership roles for companies such as Merrill Lynch and Goldman Sachs.
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
The top five producers had an average dollar volume of VA and USDA loans of more than $35 million in 2023.
