Xome Hires Rayman Kaur Mathoda as Chief Executive Officer
August 06 2018 - 4:30PM
Business Wire
Xome® Holdings LLC (“Xome”), an indirect wholly-owned subsidiary
of WMIH Corp. (NASDAQ: WMIH), today announced the appointment of
Rayman Kaur Mathoda as Chief Executive Officer. Mathoda will be
responsible for all Xome operations, continuing to offer enhanced
solutions and exceptional service to its clients.
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Rayman Mathoda Executive Vice President
& Chief Executive Officer, Xome Holdings LLC (Photo: Business
Wire)
“Rayman brings a 20-year track record of success in the real
estate market. She is a strategic thinker with operational savvy
who is uniquely qualified to leverage technology, tools and
intellectual property to expand Xome’s third-party exchange, title,
valuation and field services businesses,” said Jay Bray, Chairman
and CEO of WMIH Corp., the holding company for Xome. “I’m thrilled
to welcome her experience, energy and leadership to Xome.”
In her role, Mathoda will oversee the growth of Xome throughout
all segments, including the expansion of third-party opportunities
across the exchange, title, valuation and field services businesses
and the transition of the recently acquired Assurant Mortgage
Solutions business. She will also continue to position Xome’s
proprietary technology in the exchange segment as a digital
platform for buying and selling homes.
“Xome is a leading technology-driven solutions provider within
the industry,” said Mathoda. “Setting our sights toward the future,
we believe we’re uniquely positioned to meet the changing needs of
our customers in the real estate and mortgage sectors, and I look
forward to being a part of the journey.”
Prior to joining Xome, Mathoda led Genesis Capital as Co-CEO and
member of the Board of Directors, originating over $2 billion in
loans to the nation’s top real estate developers, with zero losses,
and documented strong investor returns. Before then, she was a
focal point in the transformation and success of mortgage and
real-estate enterprises, including serving as President of Hudson
& Marshall, Chief Operations and Revenue Officer for ALAW, and
Chief Administrative Officer at OneWest Bank.
About Xome
Xome Holdings LLC is a real estate solutions provider serving
mortgage servicers, originators, real estate professionals,
financial institutions and home buyers and sellers. Xome offers
asset management, property disposition, title, close, valuation and
field services through an integrated, technology driven platform.
Based in the Dallas area, Xome is an indirect wholly owned
subsidiary of WMIH Corp. (NASDAQ: WMIH). For more information,
please visit www.xome.com.
About WMIH Corp.
WMIH Corp.’s (NASDAQ: WMIH), formerly known as Washington
Mutual, Inc., operations consist primarily of Nationstar Mortgage,
which provides quality servicing, origination and transaction-based
services related principally to single-family residences throughout
the United States. Nationstar is a recognized leader in the
mortgage industry with more than two decades of experience, and
with its flagship brand, Mr. Cooper®, is one of the largest
mortgage servicers in the country. A subsidiary of WMIH also
operates a legacy reinsurance business in runoff mode. Additional
information regarding WMIH may be found at www.wmih-corp.com.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
including, but not limited to, WMIH’s and Xome’s expectations or
predictions of future financial or business performance or
conditions. All statements other than statements of historical or
current fact included in this press release that address
activities, events, conditions or developments that we expect,
believe or anticipate will or may occur in the future are
forward-looking statements. Forward-looking statements give our
current expectations and projections relating to our financial
condition, results of operations, plans, objectives, future
performance and business and these statements are not guarantees of
future performance. Forward-looking statements may include the
words “anticipate,” “estimate,” “expect,” “project,” “intend,”
“plan,” “believe,” “strategy,” “future,” “opportunity,” “may,”
“should,” “will,” “would,” “will be,” “will continue,” “will likely
result,” and similar expressions. Such forward-looking statements
involve risks and uncertainties that may cause actual events,
results or performance to differ materially from those indicated by
such statements. Certain of these risks are identified and
discussed in documents WMIH and Nationstar have filed or will file
from time to time with the SEC. These risk factors will be
important to consider in determining future results and should be
reviewed in their entirety. These forward-looking statements are
expressed in good faith, and WMIH believes there is a reasonable
basis for them. However, there can be no assurance that the events,
results or trends identified in these forward-looking statements
will occur or be achieved. Forward-looking statements speak only as
of the date they are made, and WMIH and Xome are not under any
obligation, and expressly disclaim any obligation, to update, alter
or otherwise revise any forward-looking statement, except as
required by law. Readers should carefully review the statements set
forth in the reports that WMIH and Nationstar have filed or will
file from time to time with the SEC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180806005569/en/
for Xome® Holdings LLCFor Investor Inquiries
Contact:Richard Delgado,
214-687-4844richard.delgado@mrcooper.comorFor Media Inquiries
Contact:Christen Reyengamediarelations@nationstarmail.com
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