NAD Adds 3 to Management Team

National Asset Direct, a purchaser of distressed residential assets and loans, has hired Ray Schalk, Melissa Dant, and Jill Parker, all formerly of Accredited Home Lenders, to senior management positions. Before joining NAD's whole loan trading team, Mr. Schalk sold loans and participated in the securitization of subprime and alternative-A loans for Accredited's capital markets group. He will be responsible for all aspects of loan acquisitions, including maintaining communication with sellers at all levels, monitoring credit and real estate market trends, and managing NAD's pricing model. Ms. Dant, who has been named general counsel, will be responsible for all legal affairs of the entire company and its affiliates. She was formerly associate general counsel at Accredited Home Lenders. Ms. Parker, NAD's director of project management, is responsible for all NAD and iServe (mortgage, real estate, servicing) projects. She previously managed the project office for Accredited Home Lenders.