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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Retroactive interpretations have bedeviled mortgage servicers and the market for older loans. The industry will be watching other cases in New York closely now.
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If Experian eventually charges for VantageScore 4.0, it will be offered for at least a 50% discount compared to what Fair Isaac Corp. charges for its FICO score.
October 14 -
The San Francisco-based banking giant reported a 9% annual jump in quarterly profits. It also made official its appointment of CEO Charlie Scharf as chairman.
October 14 -
The megabank's multiyear effort to simplify its business model and improve its risk management is starting to pay off in the form of more consistent profitability and improved returns, CEO Jane Fraser told analysts.
October 14 -
Fannie Mae and Freddie Mac's credit risk-transfers and some older private-label mortgage-backed securities have exposures to the Washington DC area.
October 14 -
Lebda, who died over the weekend in an ATV accident, built one of the first online financial marketplaces in 1998.
October 14