RECOVCO Earns Approval Of Global Rating Agency
NEW YORK, Aug. 14, 2014 /PRNewswire/ —
National due diligence, quality control and mortgage fulfillment provider RECOVCO has earned the approval of global rating agency DBRS following a rigorous on-site review of infrastructure, staff and capabilities. RECOVCO joins the small handful of due diligence companies that have made this prestigious list.
“Transparency and access to detailed reports and assessments is vital so investors can select a due diligence provider with a high level of confidence,” commented Randy Lightbody, RECOVCO’s chief executive officer. “This affirmation of our processes, staff and capabilities is a testament to the hard work and dedication of the entire company and positions us for continued growth. To earn approval from such a respected agency certainly is a feather in our cap and we appreciate the recognition.”
In order to earn a place on the list, DBRS prepares in-depth reports based on audits that include thorough examination of the following:
— Principals’ market experience
— Underwriting staff experience
— Ability and tools to accurately interpret compliance statutes
— Quality control procedures
— Software (compliance, valuation, anti-fraud, data checking, etc.)
— Disaster recovery procedures and testing
— Systems and data checking capabilities
— Security measures to ensure compliance with consumer privacy laws.
RECOVCO, headquartered in East Meadow, NY and with offices in Irving, TX, Orlando, FL and Las Vegas, NV, touches over 8,000 files per month, providing fulfillment, due diligence, servicing solutions, valuations, quality control, and forensic auditing services that banks, mortgage companies and insurance companies use to ensure the loans of today and the past are pristine, free of possible repurchase issues, and in compliance with all current laws and regulations.
Company Bolsters Business Development Team With Three Key Appointments
NEW YORK, July 10, 2014 /PRNewswire/ —
National due diligence, quality control, and mortgage fulfillment provider RECOVCO, today announced the appointment of three managing directors. Reporting to Blane Bauch, the company’s chief sales and marketing officer, Michael Moore, Greg Botto, and Bill Pearson immediately bolster the business development team with coveted professionals that collectively bring nearly one century of experience and exceptional track records to the company.
In their respective roles, each will play a pivotal role in business development to grow the company’s resources and service offerings nationally.
“As we continue to establish our unique and deep expertise in fulfillment, quality control, and due diligence, and with mortgage profits down, we are seeing a rising demand for our proven variable resource model of services,” said Randy Lightbody, the company’s CEO. “Moore, Botto, and Pearson bring an exceptional level of expertise to our team which puts us in a strong position to take advantage of existing opportunities and explore new ones. We are clearly committed to improving our business partners’ bottom line while building a business development dream team to continue our expansion efforts.”
Moore brings more than 29 years’ experience to this role. Most recently, he served as COO of Genpact Mortgage Services leading all mortgage operations including Underwriting, Processing, Closing, Imaging, Call Center and other Lender Services. He has also held executive roles at Bank of America, where he lead a team of 1,200 employees across nine US delivery sites which were responsible for $7.2B in annual production, and KPMG Consulting.
A 30 year industry veteran, Botto has held leadership roles at world-class financial services & banking companies. As the executive vice president, North America at Quatrro Mortgage Solutions, he was responsible for P&L for the North America division, improving operational efficiencies and incorporating ever-changing compliance regulations. He also served in executive roles at Global Network Financial Services and Franklin Templeton Funds.
Pearson boasts 32 years of broad based mortgage lending experience with extensive knowledge across all lending activities, including originations, structured finance transactions, business process improvement and project management. Most recently, as EVP of Corporate Strategy at Advantium Capital, he was responsible for strategic partnerships and lead fulfillment needs for originators and servicers. He has also held leadership roles at ISGN and Solomon Edwards.
RECOVCO, headquartered in East Meadow, NY and with offices in Irving, TX, Orlando, FL and Las Vegas, NV, Recovco touches over 8,000 files per month, providing servicing solutions, valuations, quality control, due diligence, underwriting, fulfillment, and auditing services that banks, mortgage companies and insurance companies use to ensure the loans of today and the past are pristine and free of possible repurchase issues and in compliance with all the new laws and regulations.
Blane Bauch named chief sales and marketing officer for RECOVCO
RECOVCO, a national due diligence firm and mortgage quality control and valuation service provider based in New York, has added Blane Bauch as chief sales and marketing officer.
In this newly created role, Bauch will lead the company’s expansion efforts with direct responsibility for RECOVCO’s national sales team and sales consultant network.
Bauch joins RECOVCO from ServiceLink, where he served as senior vice president national sales executive for the last six and a half years. He reports to Randy Lightbody, RECOVCO’s chief executive officer.
“We are thrilled to have Blane join our executive team in this critical role, which will have broad impact as we expand our footprint,” Lightbody said. “We have a real opportunity to accelerate our growth by matching our solutions to the current and future needs of our business partners. Blane’s demonstrated record of leadership and deep rooted relationships will accelerate our growth.”
For the last 14 years as SVP national sales executive at both ServiceLink and Stewart Lender Services, Bauch was responsible for growing the origination and servicing lines of business with many of the top 30 national mortgage banks, and managing to multi-million dollar revenue goals and budgets.