Former leaders leave to pursue new business venture
Altisource has named a new leader to take its Origination Solutions business forward as two former leaders exit the firm.
Justin Vedder becomes COO with responsibility for driving growth in the business which offers integrated and consultative products, services, and solutions for mortgage market participants of all sizes.
These include Trelix™ Mortgage Fulfillment Services, CastleLine® Insurance Services, the Lenders One cooperative, Granite Risk Management™, Mortgage Builder® Loan Origination System, Springhouse® Valuations, and Premium Title™ and Settlement Services.
Vedder is promoted from his current role of VP of national sales, Origination Solutions and has 17 years of management experience in the mortgage and insurance industries.
Prior to joining Altisource he was with CastleLine where he assisted in the development and launch of the Certified Loan Program.
An industry thought leader, Vedder has spoken nationally on various topics including mortgage fraud, loan production and defects, repurchase management, auditing of lenders, insurance and various other mortgage banking-related matters.
Former executives depart
His appointment to the COO role follows the departure from Altisource of Bryan Binder and Jason Garmise, who joined Altisource in 2015 through the acquisition of CastleLine and are to pursue a new business venture.
Altisource CEO William Shepro says Binder and Garmise have left the business “extremely well positioned” to move forward; and hailed the Origination Solutions business’ new COO.
“Justin’s business acumen, combined with his indispensable role in shaping the way customers leverage Altisource’s extensive offerings by utilizing the ‘One Altisource’ model, are great indicators of the potential growth he can help deliver while leading the Origination Solutions initiative.”