Bank Consolidation Continues; the Basics of What All These Servicing Sales Mean for Lenders

Wednesday, March 26th, 2014

"The reason the golf pro tells you to keep your head down is so you can't see him laughing." Someone, somewhere, is laughing at the press' focus on "the return" of the subprime lending business. Well, maybe not, but certainly the American public is seeing it in the press.

On the jobs front, AmeriSave Mortgage Corporation is currently looking for a new President to lead the company into its 13th year of business and beyond. The candidate must have a minimum of 15 years' experience in an executive role in the mortgage industry; specifically in retail lending, call center environment, as well as the TPO market. The lender and its 200 employees is looking for an inspirational leader with strong business development, sales, operations and secondary marketing experience who is able to lead AmeriSave to reach its strategic goals and objectives. Headquartered in Atlanta, AmeriSave Mortgage Corporation is one of the nation's leading online retail mortgage lenders with a very successful third party channel as well. It has full agency approvals and is retaining servicing. 

A few thousand miles away, independent retail mortgage banker VITEK Mortgage Group is seeking a senior level Compliance Officer/Leader for its Sacramento headquarters. VITEK has been in business for more than a quarter-century and has both FNMA & GNMA seller/servicer approvals. The CO will lead an established and talented compliance team, manage and continue implementation of a fully developed CMS, as well as training MLOs and business partners on compliance topics, and must be able to drive an appreciation of the value of compliance within all levels of the organization, crossing functional areas with ease. The ideal candidate should have 5-10 years' mortgage banking / mortgage compliance experience along with a Bachelor's degree in Finance, Business Administration or related field. 

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