ComplianceEase, San Francisco, has promoted its executive vice president, David Girling, to the position of president and chief executive officer.The compliance and risk management automation company's co-founder and former CEO, John Vong, will remain as chairman of the board, while another co-founder, Anita Kwan, will become chief operating officer and retain responsibility for finance, business operations, and administration. In his new position, Mr. Girling will be charged with expanding the company's already extensive roster of partnerships with loan origination systems and loan document providers as well as with Wall Street firms and other mortgage market participants. He brings over 20 years of experience in the financial services industry, including leadership positions with Shearson Lehman Mortgage, GE Capital Mortgage Corp., and PricewaterhouseCoopers. ComplianceEase can be found on the Web at http://www.complianceease.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25