![]() ![]() I am looking forward to raising the bar in the industry and to be working with Stavros and his team. Their clients are able to observe the servicing of their loans in real time as our team members service them with no filter or delay and their unique culture fosters a sense of teamwork with borrowers that drive customer satisfaction levels not seen in the mortgage industry historically. I joined TMS because their servicing performance is extraordinary. THE MONEY SOURCE is a USA domiciled entity or foreign entity operating in the USA. It is an expectation every MSR owner should be entitled to and deserves. "The market needs higher quality servicing options that not only provide quality servicing on performing loans at reasonable economics, but that can also deliver strong performance on delinquent loans while maintaining high customer satisfaction levels. "The challenges facing servicers has never been greater as the velocity of the business has accelerated due to record origination and refinance activity as well an ongoing wave of regulatory mandates," said Donatacci. But along being a great fit with our culture and core values, Tom's extensive experience and skillset, will help further accelerate our rapid growth in subservicing over the past four years while allowing us to strengthen our partnerships with our existing clients and continue to deliver rock solid servicer for our customers." From the moment we started to engage with Tom, it was apparent that he would be a perfect fit for TMS and its culture. “So, it was important that when we bring someone aboard that they align with those values. TMS Insurance is not an insurance company. "TMS is a core values driven organization, first and foremost,” said TMS President Ali Vafai. and is an insurance agency licensed affiliate of The Money Source Inc. He has also worked at Selene Finance LP, Clayton Holdings, GMAC Rescap, Lehman Brothers and PaineWebber. where he was the Chief of Staff for four years. "Our top priority is to continue to build on the growth of our subservicing business leveraging technology that raises the bar in the industry for transparency and servicer accountability and to deliver exceptional performance for our clients,” said Stavros Papastavrou, the founder and Chairman of TMS. “As a recognized and trusted leader in the mortgage finance industry with an extensive track record for achieving growth in mortgage servicing and related businesses, Tom will play an important role in helping us achieve our goals, not just in growth but maintaining the highest levels of client satisfaction."ĭonatacci comes to TMS from Impac Mortgage Holdings Inc. Seasonally adjusted M2 is constructed by summing savings deposits (before May 2020), small-denomination time deposits, and retail MMFs, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.įor more information on the H.6 release changes and the regulatory amendment that led to the creation of the other liquid deposits component and its inclusion in the M1 monetary aggregate, see the H.6 announcements and Technical Q&As posted on December 17, 2020.The Money Source Inc (TMS), a New York-based fintech and mortgage company, has hired Tom Donatacci as its new EVP of Business Development. As EVP, Donatacci will utilize his 35 years of experience in the mortgage industry to help further TMS’s expansion into the subservicing market. Before May 2020, M2 consists of M1 plus (1) savings deposits (including money market deposit accounts) (2) small-denomination time deposits (time deposits in amounts of less than $100,000) less individual retirement account (IRA) and Keogh balances at depository institutions and (3) balances in retail money market funds (MMFs) less IRA and Keogh balances at MMFs.īeginning May 2020, M2 consists of M1 plus (1) small-denomination time deposits (time deposits in amounts of less than $100,000) less IRA and Keogh balances at depository institutions and (2) balances in retail MMFs less IRA and Keogh balances at MMFs. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |