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Experience 1 Inc., Irvine, Calif., holding company for Advantage Title Inc. and Title365 Inc., said that Eric Swenson has become the company’s chairman of the board.

Jay Sidhu has stepped down as the chairman of Atlantic Coast Financial because he believes the Jacksonville, Fla.-based lender was failing to “mitigate or significantly reduce risks facing the bank.”

In the May issue of Origination News, we published our annual ranking of the mortgage industries leading originators by volume. There is also a listing of top originators by units. Christopher Vincent Hussain repeated as the No. 1 originator.

There may be a simple reason why Wells won’t buy mortgages from a certain lender.

Quicken Loans Inc. plans to increase staffing at its Cleveland Web Center by at least 25%, as the company will add 100 new employees to the more than 300 already working at the location.

Carrington Mortgage Services promoted Ray Brousseau to executive vice president of mortgage lending, where he will oversee its retail and wholesale origination business.

John Robbins, the former chairman of the Mortgage Bankers Association, has yet another new mortgage banking venture up and running.

There was a lot of shock, sadness, and yes, grief here at SourceMedia at the recent passing of Neil Morse. We knew Neil as a gifted mortgage writer, an indefatigable road warrior, a thoroughly professional public relations executive, and finally as a colleague for his work with our conference group. He died way too soon (he was 62). But he had an impressive life.

Gleacher & Co. Securities hired two veteran MBS traders who, respectively, worked for The Royal Bank of Scotland and Keefe, Bruyette & Woods.