Teji Singh and Melinda Napoli have been named executive vice presidents at EMC Mortgage Corp., Lewisville, Texas. Ms. Singh will concentrate on the development of EMC's proprietary servicing default system and will be based out of the company's office in Irvine, Calif., EMC said. She has more than 17 years of mortgage and financial industry experience and previously served as EVP and chief loan administration officer for ResMae Mortgage Corp. and senior vice president and chief servicing officer at Option One Mortgage Corp. Ms. Napoli, also based in Irvine, will focus on re-engineering the operation of EMC's real estate owned department, the company said. Ms. Napoli previously served as SVP of continuous improvement at ResMae and held various posts with Option One, First Union Bank, and Associates Financial Services. EMC also appointed Katherine "KC" Reynolds vice president in the company's Customer Relations Division. The company can be found online at http://www.emcmortgage.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.
April 17 -
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.
April 17 -
Questions about the single-report option and whether VantageScore should be introduced before FICO 10T arose during a hearing on broader legislative proposals.
April 17 -
SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.
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