Metrocities Taps Ringwald as Unit Prez

Industry veteran Arthur D. Ringwald has been named president of loan production at Metrocities Mortgage LLC, Sherman Oaks, Calif.Mr. Ringwald, who praised Metrocities' "proven purchase-loan, Realtor-centric strategy," was most recently president and chief executive officer of Ocwen Technology Xchange Inc. from April 2001 to January 2003, Metrocities said. He previously held positions as president and CEO of Ellie Mae, and from 1993 until its acquisition by NationsBank, he served as Bank of America's group executive vice president, overseeing all residential, second-lien, and home equity mortgage financing. Following NationsBank's acquisition of BoA in 1998 until early 2000, he served as executive vice president of retail mortgage lending, according to Metrocities. Earlier in his career, Mr. Ringwald was executive vice president and national production executive at Sears Mortgage Corp.