John Vella has been named chief revenue officer for Altisource Portfolio Solutions, a provider of mortgage, financial and technology services for the real estate industry.
Previously, Vella was chief operating officer. Prior to joining Altisource, he had served in a number of C-level roles at companies throughout the real estate and mortgage industry, including a stint as executive vice president where he was responsible for special servicing for GMAC/Rescap.
He also held roles as president and CEO of EMC Mortgage Corp. (a subsidiary of JPMorgan Chase); CEO of Household Automotive; chief sales officer of Option One Mortgage; and director at Freddie Mac and the FDIC.
In his new position, Vella will focus on Altisource's growth initiatives and diversifying the reach of the company's product suite to the real estate and mortgage industries. This includes managing and expanding key client relationships; growing the company's mortgage origination servicing business through its Lenders One and Wholesale One cooperatives and Mortgage Builder software solutions; introducing innovative mortgage technology products; and continuing to expand the company's default services business.
Vella will continue in his executive role at Equator Business Solutions, a provider of default software solutions for services, real estate and mortgage industry professionals and vendors.