LenderLive Network Inc., a company that provides business process outsourcing and technology to the financial industry, has appointed Stephen Hewins as its new executive vice president of operations. Hewins will provide leadership for all phases of mortgage fulfillment operations, which includes LenderLive’s end-to-end fulfillment and component services. Hewins has nearly 20 years of experience in the mortgage banking industry with Wachovia, which is now owned by Wells Fargo. Most recently he was program manager and senior vice president of the Wachovia Pick-A-Payment Refinance Program, which focused on the deconstruction of the $120 billion Pick-A-Payment portfolio in order to mitigate enterprise liquidity risk and preserve capital. Hewins managed the origination of 50,000 Federal Housing Administration (FHA) and Fannie Mae refinance and modification applications of distressed assets in an eight-month period. He also opened two mega sites in less than 60 days that supported origination and fulfillment activities with more than 700 full-time employees. "Stephen has a rich mortgage industry background and an outstanding ability to analyze complex problems and cultivate productive business partnerships," said Rick Seehausen, chief executive officer of LenderLive Network, Inc. "He is an organizational leader, and we know he will bring a wealth of leadership and industry knowledge to our company." Hewins’ other positions at Wachovia included head of strategic planning, senior vice president, wholesale strategic initiatives leader and vice president and national operations coordinator. He began his career at First Union Mortgage Corporation (which was acquired by Wachovia) as a mortgage loan counselor and later had several managerial positions, such as vice president of the wholesale Internet business segment and assistant vice president of post-closing. For more information, visit www.lenderlive.com.
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