Default Business Not Slowing

The industry trades reported today that foreclosure pipelines in states across the country are growing again, even in the wake of some states' efforts to slow them down. This is causing some default servicers and third-party service providers to add staff. Recently, WFG Default Services Group, Simi Valley, Calif., added two new executives.

The company has hired industry veterans Steven Dunsmore and Dean Kirchen to manage its default services group. The Williston Financial Group family is a full service provider of title insurance and real estate settlement services for lender, commercial and residential transactions nationwide.

Dunsmore will serve as Senior Vice President, Title Operations Manager-Default Services for both WFG National Title and WFG Title Insurance Company. In that role, he will work with Kirchen to oversee the day to day operations and development of the group’s default services operation. He comes to WFG National Title over 30 years of industry experience, 29 of which were spent as Senior Vice President with one of the nation’s largest title underwriters. He has extensive experience with default and REO title services. He is also an active member of the California Land Title Association.

Kirchen will take the role of Senior Vice President, Title Operations Manager-Default Services. He will work with Dunsmore to manage the daily operations and strategic development of WFG National Title’s default services group. He brings to WFG National Title over 26 years of title industry experience, having spent the majority of that time with one of the nation’s leading underwriters. During that time, he helped create the infrastructure and procedures still being used by that underwriter to process foreclosure title related products throughout California. Kirchen graduated from Marshall School of Business at the University of Southern California where he received a Bachelor of Science degree in Finance and Business Economics.

“WFG’s clients are increasingly seeking a centralized provider of default services able to manage large orders while maintaining quality and attention to detail,” said Donald O’Neill, WFG National Title EVP of Institutional Services. “Steve and Dean are highly regarded throughout the industry for their experience and expertise delivering top quality default services. Both are extremely customer-focused, and we are confident our existing and new clients will benefit from their knowledge and background.”