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Old Republic Subsidiary Expands Number of Senior Executives
   

Old Republic Default Management Services hired Donna Thompson to act as the senior vice president of REO management. The company also hired John Snelgrove to oversee the company's operations in his new role as senior vice president of operations.

Thompson will administer REO portfolios and manage the valuation and sale of acquired properties. She has 20 years of experience in REO management and specialized experience in default services, most recently as a director of a major loan servicing mortgage company. Thompson has a business and educational background in the real estate, oil and gas industries. Additionally, she is an active member in several default services and industry-related organizations.

"Donna has an excellent reputation in the mortgage industry," said Carl Brown, Old Republic Default Management Services' president. "During her career, she has managed significant REO portfolios for several respected institutions. Her ability to develop and manage staff and external business partners has been key to her success. This solid management track record, a keen understanding of customers' needs, and effective business skills, will help us grow and manage our business."

Snelgrove possesses more than 15 years of management and specialized experience in default services, most recently as a senior vice president at a national default services subsidiary of a major national underwriter. He has a bachelor of arts degree in political science from the University of Connecticut and is an active member in several default services and industry-related organizations.

"I have known and worked with John for several years," Brown added. "His leadership, management abilities, understanding of our customers' needs, and his admirable business skills will serve him well in the important role that he will have in growing and managing our business."

Old Republic Default Management Services is headquartered in Irvine, California. The company continues to expand its national platform and aims to achieve its mission of providing specialized services to lenders in the loss mitigation, default services, foreclosure and REO arenas.



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