iServe Servicing announces hire of Richard Cimino as CEOMortgagePress.comiServe Servicing, National Asset Direct, Richard Cimino
iServe Servicing, a wholly-owned subsidiary of National Asset
Direct Inc., has announced the addition of Richard Cimino as chief
executive officer of the company, continuing their unprecedented
growth during these uncertain economic times.
Cimino brings considerable experience in the mortgage servicing
industry, most recently as president of the servicing division for
New Century Mortgage, a position he held for five years. Prior to
that promotion, Cimino served as executive vice president and
manager of loan servicing at the firm. During his tenure at New
Century, Cimino launched a full-service servicing platform reaching
approximately 240,000 loans, equating to $45 billion. In addition,
Cimino oversaw more than 650 employees in the Santa Ana, Calif. and
Fishers, Ind. locations.
In total, Cimino has over 33 years experience in the consumer
finance, real estate and mortgage banking industry with such
companies as New Century, Ford Consumer Finance, CFR and Aspen
"We are very excited to bring Richard into the iServe family,"
said Jeffrey Kaplan, NAD's president and chief executive officer.
"His deep experience in the industry, knowledge of what we do at
iServe, and unique vision of the future of the market makes Richard
a great addition. He brings credibility to our program and some of
the best connections in the business. He is exactly the type of
senior person we want at the helm, guiding iServe and growing it
through this difficult but potentially rewarding time."
"aving Richard come on board as the face of iServe means a great
deal to a growing firm like ours," said Louis Amaya, NAD's chief
investment and operations officer. "Richard's in-depth knowledge of
servicing, coupled with his ability to communicate its importance
to the industry and to homeowners is critical to his new role. As
the head of iServe Servicing, Inc., Richard will draw on his
extensive background and relationships to further grow our business
in new markets, effectively manage the risk, and positively
communicate all that we are doing to the key players: our clients,
the ratings agencies, regulators in Washington, and our investors.
There is no one better for this role."
"I am very impressed by the impact that iServe has had since
they've begun," said Cimino. "The firm is only two years old, and
already they have made a name for themselves as a risk-taking,
flexible, exciting young firm. They have already experienced
significant growth, which shows great potential for iServe to
develop into a large, established industry leader. I look forward
to tapping into my experience and relationships both nationally and
internationally to help iServe navigate this current market and
capitalize on new opportunities."
For more information, visit www.iServeCompanies.com.