Source: TransUnion Settlement Solutions
In a strategic move to enhance its mortgage servicing offering, TransUnion Settlement Solutions today announced the hiring of industry veteran Bob Spector as vice president of servicing for the company.
Spector will be responsible for creating and implementing a strategic plan to enhance TransUnion's existing solutions for mortgage servicers.
TransUnion Settlement Solutions increased its presence in the servicing arena when it acquired AccuPost Corp. in 2004. Since then, the company has tailored its existing suite of risk management and regulatory compliance solutions to meet the needs of servicers. The end result is an offering that includes default management, loan review, mortgage assignment and lien release processing, document retrieval, portfolio due diligence, document imaging, trailing documents and government insuring services.
"With the addition of Bob, TransUnion continues to make great strides in the servicing arena," said Bill Sullivan, senior vice president of Sales and Marketing for TransUnion Settlement Solutions. "As the technology and outsourcing needs of servicers continue to grow, Bob gives TransUnion the experience and dedication necessary to bring internal resources together to develop new products and take our business to new heights."
Spector joins TransUnion from First American where he served as director of Sales responsible for post closing and lien release business development and sales initiatives. Prior to that he was the president of his own consulting firm targeted at improving efficiencies in the servicing industry. Spector spent the first 20 years of his career at ALLTEL where he rose through the ranks to become senior vice president of Business Partners. During his time with ALLTEL, Spector designed and developed the ALLTEL Interchange, an end-to-end Web-based solution that encompassed all aspects of the default management process (collections, loss mitigation, foreclosure, bankruptcy, REO, claims and associated service transactions).
"I am excited about the opportunity presented by a company with the resources of TransUnion," said Spector. "We believe this market to be wide open for a company like TransUnion to integrate itself into its customers' businesses. We plan to take full advantage of this opportunity by partnering with servicers."