Prommis Solutions LLC, a provider of financial services industry processing solutions, has announced that Dick Volentine has joined its business team as corporate counsel. Volentine joins Prommis after serving for 10 years as associate general counsel at Fannie Mae, where he negotiated and drafted contracts, managed transactional issues involving mortgage-backed securities (MBS), and advised business leaders on mortgage servicing, loss mitigation, risk management and compliance issues.
As corporate counsel for Prommis Solutions, Volentine is responsible for all legal department functions, including litigation management, contract administration, risk management and regulatory compliance. Volentine will manage our team of in-house counsel and paralegals and he will serve on the executive leadership team, providing advice and guidance to the senior management of the company.
Volentine brings to Prommis 30-plus years of experience as in-house counsel for a variety of banking, mortgage lending, insurance and financial institutions. Prior to working at Fannie Mae, Volentine spent nine years as assistant general counsel for Prudential Insurance Company, where he was chief legal officer for the company's bank and thrift subsidiaries. During his career, Volentine also served in the legal departments of Chase Home Mortgage, Altus Bank, the FDIC, Home Federal Savings and Loan, and Citicorp. Volentine graduated summa cum laude with a degree from Spring Hill College in Mobile, Ala., and thereafter received his juris doctor degree from the University of Alabama School of Law. He is admitted to the bar in Alabama, Missouri, Florida and Georgia.
"Adding Dick's abundance of knowledge and experience in the mortgage industry to our team is a huge gain for Prommis," said Denis Brosnan, chief executive officer of Prommis Solutions. "We are excited to bring someone with such intellect and composed professionalism and we look forward to making use of his legal and business acumen in the future."
For more information, visit www.prommis.com.