PHILADELPHIA, Nov. 17, 2015 /PRNewswire/ -- Selene Finance, LP, a leading specialty mortgage servicer, announced today that mortgage industry veteran Tom Donatacci is joining the firm on November 30 and will lead all business development efforts.
Joseph Pensabene, chief executive officer of Selene Finance said: "Our two top priorities are to accelerate the growth of our servicing operations and to position Selene as a premier residential special servicer to a broader group of investors and lender partners. As a recognized leader across the mortgage finance industry with a remarkable track record for achieving growth in all areas of the business, Tom will play an important role in helping us achieve these goals."
"The cost and complexity of servicing non-performing loans has never been greater, nor has the market's need for more high quality servicing options," said Mr. Donatacci. "Selene has demonstrated its commitment to the specialty servicing market and set itself apart from the competition delivering consistently strong performance results and customizable, creative solutions for investors. I am pleased to be joining Selene and to be working with Joe and his team."
Mr. Donatacci joins Selene Finance from Clayton Holdings, where he served as the executive vice president of sales. Prior to that, he was the senior managing director of sub-servicing and MSR transactions at GMAC ResCap where he was responsible for all fee-based, third-party businesses including primary mortgage servicing, master servicing and special servicing. Mr. Donatacci also held senior positions in sales, MSR trading and mortgage banking mergers and acquisitions at Lehman Brothers/Cohane Rafferty and PaineWebber.
About Selene Finance:
Selene Finance (www.selenefinance.com) was founded in 2007 and is a trusted name in the specialty servicing business. Selene is owned indirectly by investment funds managed by two respected names in the investment management industry — Oaktree Capital Management, L.P. and Ranieri Partners Management. Selene is one of only two servicers in the country selected to be a Ginnie Mae Single Family Master Sub-servicer. Selene has more than 500 employees at locations in Houston, TX; Jacksonville, FL; and Horsham, PA.
Selene Finance Mission Statement:
We believe in the power of creative solutions, where borrowers are treated with courtesy and respect, our associates thrive in a rewarding work environment, the experience we provide our clients is dependable and flexible, and our shareholders realize long-term returns.
SOURCE Selene Finance