Franklin First Financial Hires David P. Stein as COO

Feb 01, 2018

Franklin First Financial Ltd. has announced that David P. Stein has joined the company as Chief Operating Officer, responsible for overseeing all areas of operations within the company.

“We are excited to welcome David Stein to our Franklin First Financial Family,” said Fred Assini, Founder and Chief Executive Officer of Franklin First Financial. “As we enter our 25th year in business, David will be instrumental in streamlining our operations and effectively managing our growth so that we can achieve our goal of doubling our production this calendar year.”

A 22-year veteran of the mortgage industry, Stein brings decades of experience and knowledge to his new role. Stein was a founding partner at The Mortgage Corner of NJ. In 2005, The Mortgage Corner merged with Residential Home Funding Corporation, and there, he held the positions of Chief Operations Officer and Partner. Most recently, after relocating to South Carolina, Stein was named Executive Vice President of Business Development for the Southeast region of Residential Home Funding.

“I am excited to join the team at Franklin First Financial,” said Stein. “I look forward to helping shape the company for the next 25 years. We will use cutting-edge technologies and systems to help retain and recruit the best originators and operational staff throughout the United States. I am eager to start working with each and every person in this fine organization and want to thank Fred for his trust and confidence in me to help build his company to new levels.”

About the author

NationalMortgageProfessional.com

Link copied

Published

Feb 01, 2018

Regulation and Compliance

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

The Consumer Financial Protection Bureau (CFPB) today published new supervisory highlights describing the regulator's recent actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. The CFPB has also announced that it is working to addre...

Analysis and Data

Every Dollar A Fraudster Makes, A Financial Firm Loses $4.41

U.S. investment firms and credit lenders see a 9% annual increase in the financial impact of fraud.

Overall fraud increased at least 6% for 63% of financial firms within the past year, with digital channels accounting for half of the overall fraud losses, according to LexisNexis True Cost of Fraud Study: Financial Services and Lending Report — US and Canada Edition. U....