Nationstar Mortgage Announces New Leadership Appointments
LEWISVILLE, Texas -- April 2, 2014
Nationstar Mortgage Holdings Inc. (NYSE: NSM) (“Nationstar”), a leading
residential mortgage services provider, today announced two new leadership
appointments that will leverage the strengths of its executive team to support
the strategic expansion of the company’s platform and service offering to all
As Nationstar has grown, with over 2.3 million customers, the company has
maintained its focus on providing solutions to homeowners and loan performance
for investors. Nationstar views its focus on the customer as a core
competitive strength that will provide significant opportunities to deliver
services across the entire spectrum of residential real estate.
David Hisey Appointed to Chief Strategy and External Affairs Officer
To maximize the company’s ability to capture future growth opportunities,
David Hisey, Nationstar’s current Chief Financial Officer, will be assuming
the newly created position of Chief Strategy and External Affairs Officer. Mr.
Hisey will lead several key departments that have been aligned to develop and
drive implementation of the company’s strategic plans and external relations
efforts. Those departments include Corporate Strategy & Development, Customer
Relations, Government, Agency & Industry Relations, Compliance, and Corporate
Prior to joining Nationstar, Mr. Hisey held various executive roles at Fannie
Mae, including Deputy Chief Financial Officer, during his seven year tenure.
“We place the utmost importance on building and fostering our external
relationships,” said Nationstar Chief Executive Officer, Jay Bray. “David’s
wealth of experience working with senior agency and industry leaders across
the mortgage and real estate market makes him the ideal person to lead these
departments. As Nationstar continues to build out our diversified real estate
services platform, it is imperative that we have a dedicated team with a
thoughtful leader, like David, at the center of our strategic plan for
Robert Stiles Appointed to Chief Financial Officer
Robert Stiles will expand his responsibilities and assume the Chief Financial
Officer role at Nationstar. Mr. Stiles is the current Chief Financial Officer
of Solutionstar, a wholly-owned subsidiary of Nationstar. Previously, Mr.
Stiles served as the Chief Financial Officer for Altisource Portfolio
Solutions, a publicly-traded real estate solutions provider, for three years.
Before joining Altisource, Mr. Stiles was the Director & Controller for
Centerline Capital, a real estate finance company. Mr. Stiles has also held
senior financial leadership positions with Viacom, Time Warner and KPMG. He is
a Certified Public Accountant.
Mr. Bray commented, “Robert brings over 20 years of accounting and financing
experience to the Chief Financial Officer position. Since joining
Solutionstar, Robert has helped grow this business into a major contributor to
Nationstar’s overall corporate success. We’re excited to have someone with
Robert’s knowledge and proven experience on our executive leadership team as
we continue to focus on earnings growth and delivering attractive returns to
our shareholders as we expand our business.”
The new leadership appointments will be effective following the filing of
Nationstar’s first quarter 2014 Form 10-Q.
About Nationstar Mortgage Holdings Inc.
Based in Lewisville, Texas, Nationstar offers servicing, origination, and real
estate services to financial institutions and consumers. Nationstar is one of
the largest servicers in the United States and operates an integrated loan
origination business that mitigates servicing portfolio run-off and improves
credit performance for loan investors. Our Solutionstar business unit offers
asset management, settlement, valuation and processing services. Additional
corporate information is available at www.nationstarholdings.com.
Forward Looking Statements
Any statements in this release that are not historical or current facts are
forward-looking statements. These forward-looking statements include, but are
not limited to, statements regarding: estimates of future profitability and
growth. Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
performance, or achievements to be materially different from any future
results, performances or achievements expressed or implied by the
forward-statements. Certain of these risks and uncertainties are described in
the “Risk Factors” section of Nationstar’s Form 10-K for the year ended
December 31, 2013, and other filings Nationstar makes with the SEC, which are
available at the SEC’s website at http://www.sec.gov. We caution you not to
place undue reliance on these forward-looking statements that speak only as of
the date they were made. Unless required by law, Nationstar undertakes no
obligation to publicly update or revise any forward-looking statements to
reflect circumstances or events after the date of this release.
Nationstar Mortgage Holdings Inc.
Marshall Murphy, 469-549-3005
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