*Looking For Excellence*
**The Latest Promotions, New Hires And Layoffs**
***Just this week we have seen that new appraisal rules have gone into effect. Also think week the Treasury Secretary said that Dodd-Frank is not going away and will be enforced. What does this mean? More regulation is here now and more is coming. As a result, lenders and vendors alike are looking to hire experienced executives that can help them grow their businesses in this very tense market. Here are two cases where we have seen this trend play out:
****First, Carrington Mortgage Services, LLC has hired Brad Nease as senior vice president, capital markets. In this newly created position, Mr. Nease will lead the secondary marketing efforts for the company’s fast-growing loan origination business, and will be responsible for product development, investor relations, loan trading and warehouse lending.
****Mr. Nease comes to Carrington from ICON Residential Lenders, where he was COO of capital markets. Prior to that, Mr. Nease was a partner for 12 years with the hedge advisory firm Mortgage Capital Management, and previously held executive management positions with IndyMac Bank, Impac Funding Corporation, and Cal Fed Bank.
****“We’re pleased to add someone with Brad’s experience and expertise to our team,” said Steve Patton, Carrington’s executive vice president of mortgage lending. “These are clearly challenging times in the secondary market, and having someone with Brad’s track record and skills will help us manage these challenges and position our company for continued success.”
****Second, Urban Lending Solutions, a provider of residential and commercial mortgage products and services, has promoted Michael Forgas to president. Forgas recently joined the company as chief strategy officer.
****“I am confident that Mike will continue to grow this company,” said Chuck Sanders, chief executive officer and founder of Urban Lending Solutions. “He has the experience and industry connections to grow our existing lines of business and diversify our client base. This is a very exciting time for our company.”
****Forgas is the former long-term CEO of National Real Estate Information Services, and was successful in growing it into a nationally recognized leader in the title, appraisal, and settlement services business. Forgas has been very active in issues facing the residential real estate service’s industry through the Title/Appraisal Vendor Management Association (TAVMA) and the Real Estate Service’s Providers Council (RESPRO). He is a past president of TAVMA and has been a member of its executive committee since its formation. He is also a member of the RESPRO Board of Directors.