Ex-1st Nationwide CEO Joins OTX

November 15, 2002, 3:00 p.m. EST 1 Min Read

Walter "Terry" Klein, formerly president and chief executive officer of First Nationwide Mortgage Corp., has joined Ocwen Technology Xchange as its executive vice president and national sales manager.Mr. Klein has also served as chairman and CEO for both Sears Mortgage Corp. and PNC Mortgage. In his new role, Mr. Klein will be responsible for leading OTX's sales initiatives for OTX products such as REALTrans, REALServicing, and REALSynergy. Arthur Ringwald, OTX's president and CEO, said Mr. Klein's servicing experience "rounds out the mortgage origination, default management, and special servicing experiences of the OTX senior management team." OTX can be found on the Web at http://www.otx.com.

For reprint and licensing requests for this article, click here.

MORE FROM NATIONAL MORTGAGE NEWS

Q3 nonbank earnings: What you may have missed

Nonbanks with servicing portfolios saw earnings dip, while expenses for most shot up in anticipation of more origination volume.

By Maria Volkova

3h ago
Originations

$500 billion a year: Luxury Mortgage's Adamo on non-QM potential

The Great Financial Crisis changed not only how Luxury Mortgage operated, but what its name stands for, shifting from the high-end of the market, founder David Adamo said.

By Brad Finkelstein

3h ago
Refinance

Mortgage applicants see surging rejection rates

Rejections for mortgage credit outpaced almost every other borrowing category, according to the Federal Reserve Bank of New York.

By Spencer Lee

November 21
Credit scores

CFPB's Chopra: AI can be the key to fairer credit scoring

Consumer Financial Protection Bureau Director Rohit Chopra said the FICO credit-scoring model has drawbacks in price, predictiveness and market competition, and stakeholders should develop a more open-sourced model that uses artificial intelligence.

By John Heltman

November 21
Servicing

Why and how the MSR market is consolidating

Smaller players face challenges when it comes to mortgage servicing rights, and larger ones have varying motivations, experts at an industry meeting say.

By Bonnie Sinnock

November 21
Mortgage rates

Mortgage rates move on higher inflation expectations

The 30-year fixed rate mortgage average resumed its climb that started in September, as the benchmark 10-year Treasury price still reflects views on inflation.

By Brad Finkelstein

November 21