People in the News
By MBA Insights Staff
August 12, 2019
MISMO Hires Jonathan Kearns as Vice President of Technology
MISMO, the mortgage industry's standards organization, hired Jonathan Kearns as Vice President of Technology. Under MISMO's management by the Mortgage Bankers Association, Kearns will also serve as MBA Associate Vice President, Product Development.
Kearns' hiring comes on the heels of MBA's $2 million investment in MISMO--announced in March--to enable the organization to expand its resources in support of key initiatives. Kearns will help take the lead on MISMO's top priorities of focus, including: a uniform dataset for private label mortgage-backed securities; a standardized closing instructions template; harmonized remote online notary standards; common standards to encourage business-to-consumer communications on smartphones and tablets; and appraisal and rent roll standards for commercial and multifamily lenders.
"Jonathan is a thought leader in the mortgage technology space, with substantial experience developing technology and product strategy," said Mike Fratantoni, President of MISMO and MBA Chief Economist and Senior Vice President of Research and Industry Technology. "Jonathan is going to energize MISMO's ability to develop standards and new technology initiatives that will benefit small and large companies and the entire industry."
Kearns, who previously served on MISMO's Residential Standards Governance Committee, comes to the organization most recently from DocMagic, Inc., which acquired eSignSystems, where he had been since 1999. He held various leadership titles through mergers and acquisitions over the past two decades, and was most recently Senior Vice President of Technology.
"We are excited to have someone with Jonathan's experience and acumen join MISMO," said Rick Hill, Executive Vice President of MISMO and MBA Vice President of Technology. "His background with digital technologies and product development will enable MISMO to better serve the entire mortgage industry."
For more information about MISMO, visit www.mismo.org.
Cloudvirga Promotes Dan Sogorka to CEO
Cloudvirga, Irvine, Calif., promoted Daniel Sogorka to CEO. Sogorka, who joined Cloudvirga as Chief Revenue Officer in January this year, has more than 20 years of experience in the mortgage industry.
Prior to joining Cloudvirga, Sogorka was President of EXOS Technologies and Executive Vice President of Servicelink, a $1 billion revenue subsidiary of Fortune 500 title insurance giant Fidelity National Financial. Before that, he was a Division President with Black Knight. His career contributions to the mortgage industry have earned Sogorka the Mortgage Bankers Association's MBA Insights Tech All-Star award and October Research's Innovator of the Year award.
David Applegate to Step Down as CEO of Common Securitization Solutions
Fannie Mae, Washington, D.C., and Freddie Mac, McLean, Va., announced David Applegate will step down as CEO of Common Securitization Solutions LLC, a joint venture established by the companies in 2013 to build and operate a new single securitization infrastructure.
Applegate joined CSS in November 2014 and oversaw launch of the Common Securitization Platform and the Uniform Mortgage-Backed Security.
The CSS Board of Managers has launched a search for his replacement, which will include both internal and external candidates. Applegate will stay on board for the transition. Spencer Stuart has been hired to conduct the search.
MQMR Hires Stephen Sherman as COO
Mortgage Quality Management and Research LLC, Los Angeles, hired Stephen Sherman as Chief Operating Officer, responsible for overseeing MQMR's day-to-day operations and managing the firm's long-term growth strategy.
Sherman brings more than 30 years of experience in mortgage servicing, secondary marketing, warehouse lending, commercial real estate sales, corporate consulting and REO management services. Prior to joining MQMR, he founded Sherman Consulting, a mortgage and real estate consulting firm that specialized in providing managerial coaching, risk assessment reviews and process improvement plans. He also co-founded Blueprint Asset Management, an REO asset management service dedicated to managing and liquidating high-value real estate. In addition, Sherman also formed and served as COO of Green River Financial and Infinity Valuation Services, two sister companies of leading real estate service provider Green River Capital LC, a subsidiary of Radian Group Inc.
WFG National Title Insurance Co. Names Gregg Christensen Senior Business Development Officer
WFG National Title Insurance Co., Portland, Ore., appointed Gregg W. Christensen as senior business development officer for the company's New York City-based national commercial services division.
Christensen comes to WFG with more than 25 years of commercial real estate and title insurance expertise. Prior to joining WFG, he worked with the national commercial services team of another large national title insurer. Before that, he served as publisher and senior vice president of sales for ALM Real Estate Media Group, where he was one of the company's top producers.