HOUSTON (Feb. 4, 2008) - Charles Newcomb has joined Home Retention Services Inc. as chief operating officer, reporting to Don O'Neill, president and chief executive officer of Stewart Lender Services.
A wholly owned subsidiary of Stewart Lender Services, Home Retention Services was created in 2007 to respond to demands of portfolio lenders and mortgage investors. It provides an economical and efficient way to allow qualified mortgage borrowers to retain their homes in the face of rapidly increasing payments associated with adjustable rate mortgages.
"Stewart Home Retention Services provides a method for loan servicers and investors to contact borrowers with the use of delegated authority to negotiate and modify loan terms, allowing borrowers to stay in their home and restructure the terms of the original loan," said O'Neill. "While not all borrowers will qualify for a modified loan, those who do will be provided an opportunity to retain their homes."
In his new role, Newcomb will oversee the ongoing operations of the company, focusing on portfolio analysis and home retention solutions.
Prior to joining Stewart, Newcomb held positions as the senior vice president of investor delivery for Aegis Wholesale Corp. and as its senior vice president of national operations. Newcomb's extensive experience also includes 19 years as regional vice president of consumer lending for Great Western Bank in Southern California.
Newcomb holds a bachelor of science degree in biology and economics from Jacksonville State University and a Six Sigma® certification from Villanova University.
About Stewart Lender Services
Stewart Lender Services, Inc. (SLS) (www.stewartlenderservices.com/) is a leading provider of mortgage information and services that accelerate loan origination process and reduce costs associated with post closing and loan servicing functions. SLS' suite of products and services includes: credit, valuation products, nationwide title and settlement services, electronic mortgage documentation solutions and background checks.
Stewart Lender Services is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), a customer-driven, technology-enabled, strategically competitive, real estate information, title insurance and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 9,500 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at www.stewart.com.