HORSHAM, Pa., March 21, 2016 /PRNewswire/ -- Selene Finance LP, a leading mortgage servicer specializing in non-performing loans, announced that Diane Bowser has joined the firm in a newly created position to oversee the special servicing operations for the business.
"Diane's extensive servicing experience will run a strong operation, bolstering Selene's solid reputation in the special servicing space," said Joseph Pensabene, president and chief executive officer of Selene Finance. "A compliant, high-performing operation allows us to continue to focus on the growth of our business and provide customizable, creative solutions for our investors."
"Selene is well-regarded in the industry, having differentiated itself from competitors with a unique blend of high-tech, high-touch servicing that delivers results for its clients," said Bowser. "I'm looking forward to joining Joe and his team and helping drive further success."
Bowser has an extensive career in the mortgage servicing industry, having overseen default management at a variety of large firms. She joins Selene Finance from Cenlar, where she was Senior Vice President of Servicing, and was responsible for many operational aspects of loan servicing for almost 200 diverse sub-servicing clients. Prior to that, she held several leadership roles at GMAC Mortgage, most recently as Senior Vice President of Servicing Strategy and Operational Excellence, where she created an efficient organizational structure and processes to address the evolving regulatory environment and improve the controls and quality of the operation. Bowser also held senior positions at RMH Teleservices and Fleet Financial, formerly Advanta Corporation. Bowser is a member of the Mortgage Bankers Association and the Incoming Call Center Management Institute.
Selene Finance uses proprietary technology combined with unmatched customer service to propose flexible and creative servicing strategies to address the different needs of nonperforming, re-performing, REO, and performing loans. Selene is able to service in all 50 states and has approval to service Fannie Mae, Freddie Mac, Ginnie Mae and Federal Home Loan Bank loans.
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.
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SOURCE Selene Finance LP