MGIC Promotes Danny Garcia-Velez To VP, Business Development

Aug 12, 2020

Embrace Home Loans formed a partnership with Ameriprise Financial that will provide Ameriprise's wealth management advisors and clients with mortgage financing and services

Director of Events

Mortgage Guaranty Insurance Company promoted Danny Garcia-Velez to vice president, business development after serving as the company's marketing program manager since 2017.

He previously served as vice president at the Homeownership Preservation Foundation, leading program and counseling efforts. Photo of Danny Garcia

"Danny's reputation is that of a problem-solver, a creative and critical thinker, and a leader in his relatively short tenure with MGIC," said Jay Hughes, executive vice president, sales and business development. "His diverse skill set is a valuable asset as we continue to transform our business."

About the author

Navi Persaud

Director of Events

Navi Persaud is Director of Events at NMP.

Link copied

Published

Aug 12, 2020

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....