Specialized Loan Servicing LLC, Littleton, Colo., has hired Oscar Southall as senior vice president of default operations.
Southall joins SLS after nearly a decade of executive responsibilities at Litton Loan Servicing, Houston, a Goldman Sachs company.
At Litton Southall held the title of vice president of default administration where he oversaw foreclosure collections, loss mitigation and charge offs in the firm's Houston, Dallas and Atlanta centers.
He also was responsible for all short sales and deeds-in-lieu for the entire servicing portfolio and had responsibility for overseeing day-to-day operations, including investor and vendor management, staffing and employee compensation.
In a statement, SLS noted that the firm has increased its servicing portfolio by $8 billion over the past nine months while adding 150 new employees. The subservicer has been in business since 2003.
