Servicing

Ocwen Financial Corporation, a leading financial services holding company, recently announced that the company will close its residential servicing operations at its Houston facility.

Newbold Advisors, a Clearwater, Florida-based management consulting company that serves lenders, servicers, GSEs, MI companies, investment banks, and private investors in the financial industry, has announced the hiring of Detta Cutright as managing director of financial services as part of a continued, strategic growth strategy.

Altisource Portfolio Solutions S.A. recently announced in a press release. that Jim Leath has joined the company as the VP of enterprise sales and business development for all of the company’s services. Altisource provides mortgage, financial, and technology services for the real estate industry. They also provide marketplace and transaction solutions for the real estate, mortgage, and consumer debt industries offering both distribution and content.

MCS Valuations, LLC (MCSV), a nationwide provider of appraisals, broker price opinions, and other valuation-related products to the financial services industry, has named Rebecca English assistant VP of operations in Sandy, Utah, according to a recent press release.

First American Title Insurance Company, a provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation has launched its TILA-RESPA Integrated Disclosure (TRID) Tool Kit for First American-affiliated title agents.

Morgan Stanley recently released a report discussing the minutes from the April 28-29 Federal Reserve Open Market Committee (FOMC) meeting titled, “FOMC: Resolve Stirred, Not Shaken” written by Ellen Zentner, chief U.S. economist at Morgan Stanley.

California-based online real estate marketplace, Auction.com, has announced the addition of former LinkedIn and Yahoo! Engineer Lawrence Yuan as senior director of engineering.

Credit Plus Inc., a provider of intelligent insight for mortgage professionals based in Salisbury, Maryland, has announced in a press release that Colleen Knapp will be joining their sales team as SVP, national product specialist.

The Financial Regulatory Improvement Act of 2015, introduced last week by Senate Banking Committee Chairman Richard Shelby (R-Alabama) is aimed at providing regulatory relief for community and regional banks and credit unions, and proposes what Shelby calls "moderate" changes that would increase the transparency of the Federal Reserve.

The National Community Stabilization Trust (NCST) announced in a press release that Robert Grossinger will be the new president of the organization, effective immediately.