Infusion Technologies, parent firm of National Quick Sale and REO Sentinel, hired Jim Satterwhite, a participant in the mortgage servicing industry, as executive vice president and chief operating officer.
Satterwhite has over twenty years of experience in the mortgage and financial services space, most of which was in servicing, default management, community outreach and home retention.
He is formerly from JPMorgan Chase, Fidelity National Default Solutions, and Resolution Trust Corp. (RTC) executive and is the current chair of the HOPE NOW MHA Short Sale Committee.
At JPMorgan, the new hire's focus ranged from managing Chase’s prime default group to serving as the director of Community Outreach Services, a unit that works with borrowers and non-profit organizations to support home retention efforts.
Satterwhite was also responsible for managing support services for more than 300 Chase non-profit partner groups and for oversight of the Chase community revitalization group. This included coordinating all REO donations, discount sales actions as well as regional mortgagor counseling events. Satterwhite also worked regularly with the Treasury Department, the Federal Housing and Finance Agency, the Department of Housing and Urban Development and congressional think tanks regarding loan default policy and best practices.
Before JPMorgan, he was senior vice president at Fidelity National Default Solutions, managing operations, technology development and implementations while he was the primary manager of the government solutions and caims business units. Satterwhite also lead large project initiatives and major client relationships for London Bridge, and default administration executive posts with ABN AMRO and the RTC. At the RTC, he served on the national oversight board, established the first governmental REO property transfer and management program, and oversaw government-contracted loan servicers to ensure compliance with regulations, applicable laws and sound industry practices.
”Infusion has created two new technologies with far-reaching impact in this crisis for millions of Americans and every lender/servicer that is dealing with REO problems,” Satterwhite said. “I am very pleased to be a part of this effort to bring innovation and technology to where they are most needed.”