Tag Archives: Attorneys & Title Companies

Thompson & Knight LLP has gained two new partners for its Real Estate Capital Markets division, announcing the addition of attorneys William M. O'Connor and Evelyn H. Seeler to the company's New York office. In their new positions with the law firm, O'Connor and Seeler will be responsible for handling clients within the Real Estate and Capital Markets unit, as well as restructuring and bankruptcy matters.

The technology division of Jack Henry & Associates, Inc. (JKHY), is experiencing an uptick in interest from credit unions, announcing that more than 16 existing credit union clients have recently opted to engage the company's outsourcing module through JKHY's Symitar unit. JKHY's Symitar division encompasses both in-house and outsourced platform options, and credit unions are increasingly migrating from the in-house offering, Episys, to the outsourced version, EASE.

Consumer Financial Protection Bureau director Richard Cordray recently presented the agency's budget to lawmakers on the House Financial Services Committee.

Zillow, Inc., has named a new vice president of partner relations, with the announcement that Robert D. Bemis has been appointed to the leadership role. In his new position for the online real estate company, Bemis will be responsible for creating new partnerships with real estate brokers and agents, as well as multiple listing services (MLS) around the nation.

The mortgage subsidiary for Citigroup settled claims that it misrepresented government-backed loans Wednesday by agreeing to pay $158.3 million in damages. The payout means that CitiMortgage acknowledges that it qualified nearly 30,000 bad loans for government insurance, a move that bilked the Federal Housing Administration out of millions of dollars as more than 30 percent of the mortgages went into default. The settlement resolves a suit filed by the civil fraud unit at the office of Manhattan U.S. attorney.

Carrington Capital Management has finalized a legal agreement with American Home Mortgage Servicing, Inc. The transaction concludes a lawsuit filed by Carrington against AHMSI in 2009.The terms of the settlement are confidential and no additional details were made available regarding the closure of the legal matter. In an official statement from Carrington Holding Company, LLC, the company noted that the recent deal "resolves the disputes reflected in the action, along with any other disputes between the parties in the past."

Avison Young is starting the new year with the addition of two new principals to the company's Illinois-based operations. The commercial real estate services firm has hired data center experts Jim Kerrigan and David Horowitz to bolster its brokerage activities in Chicago.

In Pennsylvania, Brentwood Bank is launching a consumer-focused division targeting small to mid-sized businesses. The financial institution recently announced the addition of its Relationship Banking Unit, which will be dedicated to securing opportunities for the bank within the local business community. Through its new segment, Brentwood Bank will provide a relationship banker for borrowers and customers, ensuring that the same professional will handle the client's needs during the lifespan of the consumer's transactions.

Initiating a major expansion into four new regional markets, Caliber Funding LLC recently announced the hiring of more than 300 mortgage professionals. Caliber's personnel additions will serve to staff the company's operations in New England; the Great Lakes area; the Philadelphia, New Jersey, Delaware area; and greater Washington, D.C. Caliber's aggressive march into new markets will enhance its presence around the U.S., positioning Caliber for what the company hopes will be a pattern of significant growth during the year ahead.

Cornerstone Real Estate Advisors has named a new CEO for the company's European operations. The real estate investment group recently announced the appointment of Charles Weeks to the executive role.