Loan Modification Firm Hires New President

Echo Loans, Foothill Ranch, Calif., announced today that Paul Rodriguez has been promoted to president of the company. The company's primary business focus is on the restructuring of unsustainable home loans through an 11-step loss mitigation process. Mr. Rodriguez's responsibilities will be all facets of the company's operations including production, development of products and services, recruitment and staffing. Mr. Rodriguez said "These are very challenging times for homeowners and lenders and we think we can play a key role in assisting consumers in keeping their homes and at the same time assist the lender in maintaining a return on their investment." His most recent positions were as executive vice president of Sage Credit Co., managing director of Quick Loan Funding Inc. and chief executive of Wall St. Funding Inc.