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The Industry Pulse

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Which companies are merging, and what professionals are moving? See some highlights in this update of the housing and mortgage industries.

 

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Toronto-Dominion_Bank_logo.svgTD Bank has appointed Rick Bechtel as executive vice president, head of U.S. mortgage banking, and Scott Lindner as national sales director. Bechtel has more than 27 years of banking and management experience, most recently serving as managing director, head of mortgage banking, at CIBC. He has also built and led successful sales teams at both Wells Fargo and Chase. In his new role, Bechtel will oversee all aspects of the lending business. He will be responsible for driving growth and optimizing best-in-class technology, while maintaining the bank’s risk appetite and unique focus on the customer. Lindner has 30 years of experience in the financial services industry. Most recently, he served as senior vice president, head of retail banking, at Scottrade. Previously, he had managed over 100 retail bank branches for The Bank of New York and was responsible for JPMorgan Chase’s mortgage origination business in Connecticut and New York state north of New York City. At TD Bank, Lindner will work to grow the business through a combination of sales-force expansion and integration with the retail bank.

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NorthsightNorthsight Management LLC, a mortgage field services provider, based in Scottsdale, Arizona, finalized its merger with ASONS Construction Inc., a highly regarded regional REO and property preservation service provider. The procurement of ASONS marks the second and final M&A milestone for Northsight since August 2017. ASONS Construction Inc., based in Muncie, Indiana, is one of the oldest and most integrated industry firms of the region. It was incorporated when the founders purchased a foreclosed home and grasped first-hand the maintenance required. Over the years, ASONS expanded to provide field and property preservation services for US Government Agencies, financial institutions, and private sector institutions.

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SitusReal estate business and technology solutions provider, Situs, has entered into a definitive agreement to acquire MountainView Financial Solutions, a service provider to the financial services industry. The transaction, which is subject to customary closing conditions, is expected to be completed on or before January 31st. Headquartered in Denver, Colorado, MountainView is a valuation and risk analytics business for the financial services sector. MountainView's professionals will work alongside Situs to deliver a spectrum of risk management and transaction services, and build on the group's foundation of valuation and regulatory advisory services.

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17-0330-MCTrading-600x450Mortgage hedge advisory and secondary marketing software firm, Mortgage Capital Trading Inc. (MCT), announced that Ian Miller has joined the company as Chief Marketing Officer (CMO). In this newly created position, he will be responsible for ensuring that MCT’s marketing strategy effectively supports the company’s business plan and helps drive growth. “We are elated to have Ian the MCT team and head the marketing strategy,” said Curtis Richins, president of MCT. “We've grown our business considerably over the past several years and had a need to ensure that our brand accurately reflects the robust suite of products, services, and technology we now offer within company divisions.”

About Author: David Wharton

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David Wharton, Online Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 15 years of experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected]

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