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Altisource Portfolio Solutions SA has announced that John Vella has been appointed to the newly-created chief revenue officer position across Altisource’s brand portfolio, reporting to Chief Executive Officer William B. Shepro.
“John has decades of real estate and mortgage industry experience and a remarkable track record in sales leadership," said Shepro. "Our management team has been impressed with his ability to articulate and execute against a strategic vision. We are confident that in appointing John as chief revenue officer, we are creating a means to institutionalize his experience and success that will drive our revenue growth strategy in this opportunistic time in the mortgage and real estate market.”
As chief revenue officer, Vella will focus on the company’s growth initiatives and diversifying the reach of Altisource’s product suite to the real estate and mortgage industries. Top priorities for Vella will include managing and expanding key client relationships, growing Altisource’s mortgage origination servicing business through its Lenders One and Wholesale One cooperatives and Mortgage Builder software solutions; introducing innovative mortgage technology products and continuing to expand Altisource’s default services business. Vella will continue in his executive role at Equator Business Solutions, the leading provider of default software solutions for services, real estate and mortgage industry professionals and vendors.
“Altisource has a world class set of products and services to help the mortgage and real estate industry meet its complex end to end needs," Vella said. "Along with our expertise working with the largest financial institutions in the country, Altisource can uniquely deliver the right mix of products and services that can help our customers improve their operations and focus on efficient, compliant growth.”
Vella is a 30-year real estate industry veteran who has served in a number of C-level roles at companies throughout the real estate and mortgage industry during his career. Prior to joining Altisource, Vella was the executive vice president responsible for special servicing for GMAC/Rescap. Previously, he held roles as president and chief executive officer of EMC Mortgage Corporation (a subsidiary of JPMorgan Chase); CEO of Household Automotive; Chief Sales Officer of Option One Mortgage and director at Freddie Mac and the FDIC.