OOMC

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AcronymDefinition
OOMCOption One Mortgage Corporation
OOMCOut-of-Merit Capacity (Electric Reliability Council of Texas, Inc.)
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References in periodicals archive ?
Teji Singh is senior vice president of servicing operations for Option One Mortgage Corporation in Irvine, California.
Faith Schwartz is the Washington, D.C.-based senior vice president of government, housing and industry relations at Irvine, California-based Option One Mortgage Corporation. She served as chair of the Mortgage Bankers Association's (MBA's) first Non-Conforming Credit Lending Subcommittee in 1996 and again chaired the subcommittee in 2005, and has served on MBA's board of governors.
Fabiola Camperi is senior vice president of loan servicing at Option One Mortgage Corporation in Irvine, California.
Now that 2004 home-loan data has been filed under new Federal Reserve Board Home Mortgage Disclosure Act (HMDA) regulations, the industry must respond appropriately to attempts to use the data in ways that negatively portray the industry, counsels Jim Gazdecki, vice president, government affairs, Option One Mortgage Corporation, Irvine, California.
At Option One Mortgage Corporation, we've made a significant increase in real-time data use, but we try to push it out at the right time--not just every time we can.
At Option One Mortgage Corporation, we provide servicing for a variety of fixed-rate mortgage (FRM), hybrid and adjustable-rate mortgage (ARM) products.
"It certainly has been a challenge for a company like ours because we don't have pre-emption like the national banks do," says Faith Schwartz, senior vice president for government affairs at Irvine, California-based Option One Mortgage Corporation.
To those who see a future with more machines and fewer humans performing business tasks, John Vella, chief administrative officer for Option One Mortgage Corporation, Irvine, California, said, "Technology is not the answer to a lot of issues today." Indeed, he said, Option One is "spending a lot on people and training costs" to meet the company's subprime mortgage servicing needs.
At Option One Mortgage Corporation, we've developed a detailed and comprehensive staffing model.
In March, Schwartz joined Option One Mortgage Corporation, Irvine, California, a subsidiary of H&R Block, in a newly created position designed to leverage her background.