Patricia McCarthy has joined Dovenmuehle Mortgage, a mortgage subservicing company, as vice president of insurance administration.
An industry veteran, McCarthy has worked with every aspect of the mortgage process during her career. Prior to joining Dovenmuehle, she held the position as vice president of mortgage warehouse lending at Hinsdale Bank for more than 10 years. While at Hinsdale Bank, she managed two divisions within the department, over $1 billion in warehouse lines of credit and 25 clients, moving upwards of $40 million per day.
Throughout her more than 30-year career, McCarthy has managed compliance, mortgage operations, loan processing and customer service departments.
In her new role, McCarthy will oversee Dovenmuehle’s insurance department with responsibility for hazard and flood insurance administration, loss drafts, research and the insurance department call center.
“Insurance is a critical component of the mortgage servicing process, requiring keen attention to detail and a firm grasp of the regulations governing it across all levels,” says Glen Braun, senior vice president for Dovenmuehle, in a release. “Patricia brings a wealth of experience in managing the complex, highly regulated financial aspects of mortgage operations, making her an idea choice to oversee these critical escrow functions.”
“As one of the longest-standing mortgage subservicers, Dovenmuehle’s reputation for stability, compliance and excellence is well known,” McCarthy adds. “I welcome the opportunity to join such an outstanding organization and contribute to its on-going success and growth.”