Housing Wire

Housing Wire

Merchants Capital expands mortgage team, creates two new VP roles

Merchants Capital recently announced it expanded its mortgage banking division, appointing Lisa Lundeen and Toni Gilbert to newly created roles. Working out of the company’s Saint Paul, Minnesota, office, Lundeen has been appointed to the position of vice president of government-sponsored enterprise portfolio management and Gilbert joins as the vice president of insurance compliance.

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Class Valuation snatches up another AMC

Class Valuation, a real estate collateral valuation and appraisal management company, has acquired Janus Valuation & Compliance. The deal is the second AMC acquisition the Michigan-based 2019 Tech100 winner has made in the last six months and one of several big steps Class Valuation has taken since it was acquired by Narrow Gauge Capital in March 2018.

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HouseCanary appoints new chief product officer

HouseCanary, a real estate technology company, recently announced Niti Bashambu joined the company as its new chief product officer. HouseCanary CEO and Co- founder Jeremy Sicklick said Niti’s long track record of success and expertise in product strategy makes her the ideal candidate to shepherd the company’s product offerings.

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PRMI hires Steven Sless to manage reverse mortgage division

PRMI has hired Steven Sless as its reverse mortgage division manager. In his new role, Sless will be opening the lender’s first consumer-direct retail branch that deals exclusively with reverse mortgages in Maryland. Sless will also work alongside PRMI’s HECM Business Development Manager George Morales to expand the lender’s footprint in the reverse mortgage space.

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OCC taps new head of Large Bank Supervision

The Office of the Comptroller of the Currency has tapped Maryann Kennedy as senior deputy comptroller of Large Bank Supervision. As such, the OCC said Kennedy will oversee the nearly 800 staff members who supervise the nation’s largest banks and federal branches and agencies, which hold more than $10 trillion in total consolidated assets.

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Commercial lender Berkadia expands mortgage banking team

Commercial mortgage lender Berkadia recently announced it has added three new directors to its mortgage banking team. Berkadia EVP and Head of Mortgage Banking Hilary Provinse said the additions enhance the company’s regional and product expertise and are another step in the company’s ongoing efforts to cultivate best-in-class talent in every major market.

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