Banco Popular de Puerto Rico

Evan Nemeroff joined SourceMedia in January 2011 as a reporter for Mortgage Servicing News� Managing REO. Topics that he writes about includes REO asset management, loan modifications, foreclosures, default servicing, property preservation and inspections. He also covers fraud and risk management for National Mortgage News. Nemeroff is a graduate from the University at Buffalo where he studied communications and public relations.

Steve Bailey, as Chief Servicing Officer, is responsible for directing PennyMac’s loan servicing operation, including implementation of the methods and programs directed at improving the value of acquired loans, as well as setting and managing performance goals for all aspects of the servicing and loan administration functions. Prior to joining PennyMac in April, 2010, Mr. Bailey served as the Mortgage Servicing Executive at Bank of America where he was responsible for overseeing a loan portfolio of over 14 million loans valued at over $2 trillion in outstanding debt, with operations that included more than 15,000 employees in 10 locations across the U.S. Prior to this role, Mr. Bailey served as Chief Executive Officer of Loan Administration for Countrywide Home Loans, following a progressive career in a variety of management and leadership positions in Servicing Operations since joining the company in 1985. Mr. Bailey holds a BA in Classical Guitar Performance from the University of Southern California.

A twenty-five year veteran of the industry, Michael spent most of his career at Chevy Chase Bank, including ten years as director of its secondary marketing operation. His more recent experience was with HECM lending, as co-founder of a bank-owned firm that originated reverse mortgages through a network of community banks and credit unions. He just recently joined Ginnie Mae, where he is responsible for the management of its relationships with its issuers.

Kite joins Wingspan from Fannie Mae, where he spent three years as the MIS director, building out the Credit Performance Management reporting infrastructure. He began his career with Freddie Mac in 1984, where he spent 20 years in multiple technology roles, providing key resources for the GSEs’ tremendous growth in portfolio size and technological sophistication. Kite left Freddie Mac in 2005 to work for Resurgent Capital Services, a subsidiary of Sherman Financial, where he served as a senior director and led operations and analytic teams. Steve Horne, Wingspan Portfolio Advisors’ CEO, who was working for Resurgent at the time, was responsible for hiring E.J. Kite. “Five years later, we were successful in bringing E.J. to Wingspan,” says Horne, who founded the company in 2008. “We are experiencing exponential growth in the current environment of high defaults and the great interest in enhanced servicing solutions resulting from ‘Foreclosure-Gate’ and Dodd-Frank,” he notes. “The precision of the workflows we require means that information needs to be available to our people quickly and with great accuracy. That’s where E.J.’s talents and experience come into play,” Horne says. “We’ve been very technology focused since the start, and adding E.J. to our team will take us to even higher levels of technology sophistication.” Wingspan was named “Servicer of the Year” by Mortgage Technology magazine for 2009-2010 for its success with technology.Kite is highly experienced in creating infrastructure to manage large volumes of complex mortgage information and delivering it in highly useful form for finely directed applications, employing a methodology he calls the “Results-Oriented Approach.” Designed to achieve impressive results by integrating teams and aligning information and users with great precision, Kite feels his methodology is perfect for Wingspan’s very successful high-touch approach to extremely challenging borrower situations. “Wingspan Portfolio Advisors performs one of the most difficult tasks in the lending industry,” Kite says, “bringing borrowers back from the brink of foreclosure and restoring value to loans that were considered hopeless. I am excited about the challenge and committed to bringing everything I’ve learned in my 26 years of experience to this dynamic company.”

Jay Brinkmann retired as the chief economist of the Mortgage Bankers Association in 2014 and now resides in New Orleans.