The Carrington Companies announced it promoted Tom Huddleston to executive vice president of Vylla Title, its residential and commercial title business.
In his new role, Huddleston will continue to develop corporate business growth and facilitate the relationship between The Carrington Companies and its secondary markets.
“Tom Huddleston’s business management skills combined with his exceptional leadership continues to be a critical element driving growth for Vylla Title, as well as our institutional and consumer-facing businesses,” Carrington Companies CEO and founder Bruce Rose said in a release. “Under his leadership, Vylla Title has grown into a significant presence in the title and settlement services markets.”
Vylla Title’s business has grown under Huddleston’s direction as it evolved from being solely a provider of retail residential title services into a company that can accommodate bulk title search and insurance transactions and provide nationwide commercial title services to investor groups, law firms and other institutional customers. That growth was facilitated by the development and deployment of technology investments in robotic process automation and machine learning.
Huddleston said bringing residential-title-level workflow efficiencies to commercial title transactions is an essential part of creating long-term and repeat customer relationships. “As the homebuying market shifts from refinances to purchase loans, superior technology and automation become even more crucial to enhancing our customers’ experience on all levels,” he said.
Huddleston will continue his roles as the company’s primary liaison with the Government National Mortgage Association (GNMA), HUD and other governmental agencies, according to Wes Iseley, senior managing director and executive vice president of Carrington Mortgage Holdings.
Huddleston’s banking and title experience includes more than 20 years in lending and finance. Before joining Carrington in 2013, he created the first title captive operation for Mellon Financial and eight other captive title operations for large institutions.