Executive Change: ProVest Names Jim McDermott Vice President of Operations

ProVest, a process server provider for the mortgage default industry, today announced the appointment of Jim McDermott as vice president of operations. In this position, McDermott will be responsible for managing active clients, employees and new service processing cases while working with attorneys, mortgage servicers and government personnel to enhance efficiencies in the service process.

McDermott brings more than 15 years of strategic and tactical expertise managing default services, foreclosure, bankruptcy, collections and credit risk/MIS for HSBC’s Mortgage and Finance divisions to his position. While at HSBC, McDermott held several management positions including vice president of foreclosure, vice president of bankruptcy, vice president of credit risk/MIS and manager of collections. Through his extensive career experiences he became proficient in financial analysis, internal control systems, revenue enhancement, compliance and budget forecasting.

Most recently, he was director and vice president of default services at HSBC Mortgage, where he was responsible for day-to-day management of loss mitigation, bankruptcy, foreclosure, REO and vendor management for 400 employees in the Philippines, Pomona, Calif, Elmhurst, Ill. and Tampa, Fla. McDermott’s portfolio management responsibilities entailed oversight of a $72 billion portfolio and 500,000 loans. He was also responsible for recruiting, training, developing, and evaluating seven vice presidents with 35 intermediate-level management staff.

“McDermott has developed a strong presence in the market through effective decision-making, building loyal partnerships and increasing profitability,” Scott Strady, CEO of ProVest, said. “He is a skilled communicator with problem-solving, analytical and global business knowledge who knows how to execute a plan. We are proud to continue to bolster our staff with leaders that share in our desire to better the mortgage industry.”

About ProVest
ProVest leverages industry expertise and technology to manage the service of process for companies specializing in default law. The company works with some of the most noted and trusted legal firms in the business with a goal of continuing to streamline the manner in which documents are served. For more information about ProVest visit its Web site at www.provest.us.