Industry veteran Tom Donatacci, senior vice president of business development and subservicing for Residential Capital Corp. (ResCap), Horsham, Pa., has left the company.
At press time, Donatacci could not be reached for comment. A spokeswoman confirmed that he had left ResCap, noting that his separation was “absolutely voluntary.”
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A new due diligence firm created by a trio of former Clayton Holdings executives wants to shake up a static business model.
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Some banks, after shrinking their investment in servicing, may see value in the product.
