Radian Guaranty adds Camillo Melchiorre as SVP, loss managementMortgagePress.comRadian Guaranty, Camillo Melchiorre, HOPE NOW Alliance
Radian Guaranty Inc., the primary mortgage insurance subsidiary
of Radian Group Inc., has announced the appointment of Camillo
(Cam) T. Melchiorre to the position of senior vice president, loss
management.
Prior to joining Radian, Melchiorre served as executive vice
president of strategic sales for LandAmerica Lender Services, a
provider of mortgage servicing products and technology. He was also
executive vice president of business development and co-owner of
MSTD Inc. of Baltimore, Md., where he played a key role in the
development of BackInTheBlack (A
HREF="http://www.bitb.net">www.bitb.net), a Web-based
residential mortgage default servicing platform. MSTD Inc. was sold
to LandAmerica Financial Group in 2006.
Melchiorre also held the position of vice president of servicer
relations for Freddie Mac in McLean, Va., where he was responsible
for the company's servicing policy, industry communications and
education and training, as well as 2,500 residential mortgage
servicers.
Prior to that, Melchiorre served at Radian's predecessor
company, Commonwealth Mortgage Assurance Corporation (CMAC), where
he managed claims, recovery and quality control teams, started the
Loss Mitigation department and helped create a homeownership
counseling program. Mr. Melchiorre was also a charter member of the
Freddie Mac Servicer Advisory Board representing the mortgage
insurance industry, where he helped to develop the Freddie Mac
Servicer Performance Profiles, the industrys first such
metrics.
Recently, Melchiorre was invited to serve as co-chair of the
technology committee for the HOPE NOW Alliance, which is the
national organization of counselors, mortgage servicers and
investors committed to preserving homeownership.
For more information, visit www.radian.biz.
