RoundPoint Financial Group Names Dave Worrall as Executive Vice President and National Servicing Manager

CHARLOTTE, N.C., July 13 /PRNewswire/ -- RoundPoint Financial Group, a leading integrated mortgage servicing and origination firm, announced today that it has named Dave Worrall as its new Executive Vice President and National Servicing Manager.  Mr. Worrall brings to RoundPoint significant experience servicing loans at the national level for major public and private institutions. 

At RoundPoint, Mr. Worrall will manage loan servicing for RoundPoint's entire portfolio, leading its unique asset management approach to servicing.  He will report directly to RoundPoint's new CEO, Kevin Brungardt.  Mr. Worall's hiring is part of Mr. Brungardt's strategy to continue advancing RoundPoint as a leading, special servicer.  The firm continues to add key industry people to further establish its national reputation.

"RoundPoint Financial Group is an industry leader with an excellent reputation for high-touch service, asset management and top-notch proprietary software," said Mr. Worrall.  "Kevin has set forth an impressive plan for growth, and I'm excited to help move it forward."

Prior to joining RoundPoint, Mr. Worrall served as a Director at CitiMortgage's CHAP bank, the fourth largest lender in the U.S., where he had direct responsibility for loss mitigation on Citi's risk-owned portfolio, Master Servicing, and sub-servicing relationships.  Prior to joining Citi Mortgage, Mr. Worrall worked for Fannie Mae as its Vice President of Operations for its National Servicing Organization.  Prior to Fannie Mae, Mr. Worrall also held senior roles at Rescap and GMAC-RFC.

He holds an MBA from Texas A&M, where he attended as a Ford Distinguished Scholar, and a B.A. in English Literature from Florida State University, where he graduated Magna Cum Laude.

"Having Dave Worrall join our team is a great addition to RoundPoint's capabilities and institutional knowledge base," said RoundPoint Financial Group CEO Kevin Brungardt. "Dave's accomplishments in servicing Fannie Mae's multi-trillion dollar loan portfolio and specific expertise in special servicing and distressed asset management make him uniquely suited to assist RoundPoint achieve its goals for growth in 2010 and beyond.  We could not be more pleased to have him aboard."

ABOUT ROUNDPOINT FINANCIAL GROUP

Headquartered in Charlotte, North Carolina, RoundPoint Financial Group, Inc. is a fully integrated mortgage firm with four distinct subsidiaries focused on special servicing, asset management, originations and technology.  RoundPoint Mortgage Servicing Corporation is a national mortgage servicer approved by HUD, Freddie Mac and Fannie Mae.  RoundPoint Capital Group, Inc. is an asset management firm specializing in residential mortgage loans and structured transactions.  RoundPoint Mortgage Company originates mortgages across the country and has created special programs to assist financial institutions in refinancing their distressed assets.  SBX Technologies, Inc. is a leading edge technology company that creates innovative solutions for the mortgage banking industry with a focus on loss mitigation.  

For more information, please visit:  www.roundpointfinancialgroup.com

SOURCE RoundPoint Financial Group