Acqura Loan Services, an end-to-end specialty servicing and loss mitigation service provider, has announced that it has named Nigel D. Brazier its new president. Brazier, who brings over 25 years of extensive financial, risk, operations and business development experience, will be instrumental in the implementation of Acqura's strategic imperatives and growth objectives, and will further develop the company’s unique risk based special servicing approach that leverages advanced analytics and proprietary technology to help lenders and investors optimize cash flow and resolve mortgage debt challenges.
"I am honored to be joining Acqura as president at this exciting time," Brazier said. "Acqura is a thought leader and an innovator in mortgage servicing. I'm very proud to have the opportunity to work with a seasoned executive team and advanced platform."
Brazier holds a bachelor's degree in accounting and a master's degree in finance from Miami University from which he graduated first in class.
Most recently as managing director of Fannie Mae's national servicing organization unit, Brazier designed and managed Fannie Mae’s external component servicing strategy by engaging numerous partners to aid servicers in managing credit risk. He was also a core member of the 2009 Home Affordable Mortgage Program (HAMP) campaign team which after reaching out
to nearly 400,000 borrowers, yielded potential credit savings of $1.5 billion. Brazier also served as vice president of credit sensitive assets, at Fannie Mae, where he developed special servicing strategies and protocols to manage risk associated with defaulted loans and performing loans at risk. Prior to that, Brazier served as vice president of finance, where he led numerous financial restatement projects and managed the single family finance organization.
Prior to his senior posts at Fannie Mae, Brazier served as the senior vice president of business development at Select Portfolio Servicing Inc. (Fairbanks Capital Corporation) where he managed the acquisition of more than $25 billion in newly originated servicing rights and led efforts
associated with the successful acquisition of Bank of America's (Equicredit) and CSFB's (Olympus) servicing platforms and related portfolios ($35 billion combined). Brazier also worked for GE Company nearly 18 years, where among numerous domestic and international roles, he led pricing and negotiated transactions for GE Capital Mortgage Services, and served as the CFO and Vice President of Finance for the company's mortgage servicing operations.
"Acqura is enormously fortunate to have Nigel," said Amy Brandt, CEO of Acqura. "Not only does he bring the depth and breadth of financial and management expertise that will be instrumental in our expansion, but he also possesses the vision to lead the continued evolution of our unique platform that seeks to proactively manage defaults and thereby minimize losses."
For more information, visit Acqura.net.