Countrywide Financial Corp., which is slated for sale to Bank of America, has lost its chief information officer, Richard K. Jones -- a 12-year veteran of the lender -- to technology giant Fiserv Inc. On Friday Fiserv said it had hired Mr. Jones to be its CIO and executive vice president. At Countrywide, Mr. Jones also held the title of managing director. A publicly traded company, Fiserv sells information and technology systems to mortgage lenders, servicers, and other types of financial institutions. The companies can be found online at http://www.countrywide.com and http://www.fiserv.com.
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About 43% of Americans upgraded their homes last year, and 33% plan to remodel in the next year, according to a recent survey from Redfin.
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Sun Belt states saw a noticeable surge in liens filed last year, with Florida accounting for 17% of the national total, according to Benutech.
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CEO Tim Spence said folding in the acquired bank has gone to plan so far, but the biggest point of risk is still on the horizon.
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Surge, which claims to serve some of the nation's larger wholesale players, said the lender's behavior was reminiscent of its spat with Black Knight.
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Questions about the single-report option and whether VantageScore should be introduced before FICO 10T arose during a hearing on broader legislative proposals.
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SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.
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