Saturday, January 22, 2011

Rennell Announces Launch of Resource Title National Agency, Inc.

Leslie Rennell, former President and CEO of Cleveland-based Resource Title Agency Inc., has announced the formation and launch of Resource Title National Agency, Inc., which has purchased some of the business assets of Resource Title. Rennell will serve now in the role of Owner and CEO of Resource National.

Resource National will be an independent, family-owned agency providing full title insurance and escrow services. The company will provide national lines of service in commercial, REO/default and relocation markets, as well as traditional title and settlement services in Ohio and nationwide.

“We will adopt Resource Title’s traditional focus on meeting customer needs efficiently and quickly” said Rennell. “We will be committed to using technology, experience and the work ethic of our team to be flexible and receptive to the expectations of our clients.”

With a wide range of local and national clients, the company customizes programs and processes to the needs of its customers, pairing best-in-class technology with team experience. In addition to delivering traditional title and escrow services, Resource Title National Agency, Inc. also offers unique and well-regarded services in the commercial, relocation, default and Real Estate Owned (REO) fields. The company prides itself on combining rapid delivery and speedy response times with industry-best claims and error rates.

Tuesday, January 18, 2011

Wingspan adds SVP of Information Management


Wingspan Portfolio Advisors, Carrollton, Texas,a provider of specialty and component loan servicing for the mortgage industry, announced the appointment of E.J. Kite, a mortgage information technology expert with 26 years of experience, to the newly-created position of senior vice president of information management.

Kite is now responsible for leading Wingspan’s award winning technology infrastructure, reporting and analytics capabilities, and integrating the many software tools that support the fast-growing specialty servicer, the company said. Wingspan Portfolio Advisors specializes in handling severely delinquent loans.

Kite joins Wingspan from Fannie Mae, where he spent three years as the MIS director, building out the Credit Performance Management reporting infrastructure. He began his career with Freddie Mac in 1984, where he spent 20 years in multiple technology roles, providing key resources for the GSEs’ tremendous growth in portfolio size and technological sophistication.

Kite left Freddie Mac in 2005 to work for Resurgent Capital Services, a subsidiary of Sherman Financial, where he served as a senior director and led operations and analytic teams.

“We’ve been very technology focused since the start, and adding E.J. to our team will take us to even higher levels of technology sophistication," said Steve Horne, Wingspan Portfolio Advisors’ CEO.

Wingspan was named “Servicer of the Year” by Mortgage Technology magazine for 2009-2010.

Monday, January 17, 2011

StoneHill Group Hires new Biz Dev Manager


The StoneHill Group, Inc., Atlanta, a nationwide provider of outsource services and staffing solutions to the mortgage industry, has hired Paige Petta as business development manager. Petta joins to further accelerate the company’s aggressive growth strategy in the Texas market, as well as nationally, and will be focused on the outsourcing and fulfillment services group.

The company offers quality control audits, due diligence and post closing and shipping. The company also provides contract underwriting services for lenders, handling more than 1,000 loans a month.

Prior to joining The StoneHill Group, Petta served as regional sales manager for Rapid Reporting, a provider of verification services for the mortgage industry, where she directed sales efforts in Texas, Oklahoma, Louisiana and New Mexico.

“Due to the current market conditions and regulatory environment, there is great demand for quality control, due diligence and mortgage fulfillment services,” said David Green, president of The StoneHill Group. “Over the next 24 months, we’re expanding our company’s presence in the mortgage market, and offering excellent customer service is critical to our growth."