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Ocwen CEO Retires, Former PHH Executive to Assume Role
Ocwen Financial Corporation (NYSE: OCN) president and CEO Ron Faris will retire at the end of June, the financial services corporation announced Thursday. Glen Messina, former president and CEO of PHH Corp. (NYSE: PHH) — which Ocwen acquired earlier this year — will step into the top spot. “As president and CEO, Ron guided Ocwen […]
RMS Parent Ditech Appoints New CEO
Ditech Holding Corp., the parent company of Reverse Mortgage Solutions, announced Wednesday it has appointed board chairman Thomas F. Marano as CEO and president of the company, effective immediately. Marano replaces interim CEO and president Jeffrey Baker, who will continue to serve as president of RMS. “We are pleased to appoint an executive of Tom’s […]
How Reverse Mortgage Professionals Can Prevent Wire Fraud
Real estate transactions—including reverse mortgage transactions—are increasingly a target for scammers, as seen by title and closing professionals on an ongoing basis. But there are precautions and measures loan originators and others who participate in the reverse mortgage market can take in order to avoid the unfortunate consequence of a borrower’s funds being stolen. “The […]
ReverseVision Exec Receives MBA Tech All-Star Award
Reverse mortgage technology executive Wendy Peel was honored this week by the Mortgage Bankers Association with its 2018 Tech All-Star Award. Peel, who serves as vice president of sales and marketing for national software provider ReverseVision, accepted the award Monday during the MBA’s annual Technology Solutions Conference & Expo in Detroit. It is the 17th […]
Reverse Mortgage Originators Name Their Favorite Educational Resources
When potential borrowers want to learn more about reverse mortgage products, many professionals look to their in-house resources, like company websites, to begin the education process. For Beth Paterson, executive vice president at Reverse Mortgages SIDAC in St. Paul, Minn., her website’s articles are a primary “education piece.” “Our website is designed as educational, not […]