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Mortgage Servicing News

| November 01, 2004 | COPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

CALIFORNIA

Truckee-Clear Capital has appointed Barry Bates as the company's vice president of portfolio due diligence.

Clear Capital brought Mr. Bates on board to help reconcile and research property values within appraisals, BPOs, automated valuation models and other valuation products.

His prior positions include vice president and chief appraiser of Commerce Security Bank, Sacramento, Calif.; vice president and regional chief appraiser, Wells Fargo REIG, Sacramento; and vice president and director of appraisal, Ameriquest Mortgage, Orange, Calif.

INDIANA

Indianapolis-Oak Street Mortgage has named Ken Bilyeu as director, secondary marketing. He joins Oak Street Mortgage from Bank One where he most recently held the title of director of secondary marketing.

In his new role at Oak Street Mortgage, Mr. Bilyeu will be responsible for the secondary marketing activities that include pricing, hedging, and secondary market sales of the firm's loan production.Mr. Bilyeu comes to Oak Street with 13 years of experience in the financial services industry.

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Source: HighBeam Research, People.

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