iServe Servicing, a wholly-owned subsidiary of National Asset Direct, hired Richard Cimino as CEO.
Cimino was most recently president of the servicing division for New Century Mortgage, where he had a five-year stint. Before the promotion, Cimino was executive vice president and manager of loan servicing at the mortgage company.
During his time at New Century, Cimino launched a full-service servicing platform reaching around 240,000 loans, which is equivalent to $45 billion. Additionally, Cimino oversaw more than 650 employees in the Santa Ana, California and Fishers, Indiana locations.
In total, Cimino has over 33 years experience in the consumer finance, real estate and mortgage banking industry with such companies as New Century, Ford Consumer Finance, C.F.R. and Aspen Financial.