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Last Update

2010-08-19T00:00:00.000Z

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Background Information

Employment History

President and Chief Executive Officer
Pacific Financial Services

Chief Executive Officer
Pacific Financial Services

President
Mortgage Bankers Association of America

Director of Pacific Gulf Properties
Pedestal

President and Chief Executive Officer
Weyerhaeuser Company

Chairman and Chief Executive Officer
Optifi.com

Chief Executive Officer
Optifi.com

President and Chief Executive Officer
Optifi.com

President and Chief Executive Officer
Weyerhaeuser Venture Company

Chief Executive Officer
Weyerhauser Mortgage

Industry Veteran and Chief Executive Officer
Weyerhauser Mortgage

President and Chief Executive Officer
Weyerhauser Mortgage

Affiliations

Board Member
New Century Financial Corporation

Board Member
Pedestal

Education

bachelor's degree
Business and Agriculture
University of Wisconsin

Web References (44 Total References)


Kamakura Corporation. Blog - Lesson 4 from Failures in Silo Risk Management: New Century Financial Corporation

kamakuraco.com [cached]

Director Donald E. Lange was a former president of the Mortgage Bankers Association. is biography as listed on spoke.com is as follows:

Donald E. Lange Director Mr. Lange (60) has served on our board of directors since November 2002. Mr. Lange has served as the President and Chief Executive Officer of Pacific Financial Services, a mortgage banking and specialty finance company, since 1999. From March 2001 to February 2002, Mr. Lange served as President and Chief Executive Officer of OptiFI, a private company specializing in prepayment analytics. Previously, he served as the President and Chief Executive Officer of several specialty finance subsidiaries of Weyerhaeuser Company, including Weyerhaeuser Financial Services, Weyerhaeuser Mortgage Company and Weyerhaeuser Venture Company. Mr. Lange served as a director of Mortgage Electronic Registration System (MERS) from 1995 until 2002. In addition, he was a director of Pacific Gulf Properties from 1998 until 2001 and a director of Pedestal from 1999 until 2001. Mr. Lange was the President of the Mortgage Bankers Association of America in 1999. Mr. Lange received a bachelor's degree in Business and Agriculture from the University of Wisconsin.


Donald E. LangeNew Century ...

investorrelations.ncen.com [cached]

Donald E. LangeNew Century Financial Corporation || A New Shade of Blue Chip || Biography

...
Donald E. LangeDirector
Mr. Lange (60) has served on our board of directors since November 2002.Mr. Lange has served as the President and Chief Executive Officer of Pacific Financial Services, a mortgage banking and specialty finance company, since 1999.From March 2001 to February 2002, Mr. Lange served as President and Chief Executive Officer of OptiFI, a private company specializing in prepayment analytics.Previously, he served as the President and Chief Executive Officer of several specialty finance subsidiaries of Weyerhaeuser Company, including Weyerhaeuser Financial Services, Weyerhaeuser Mortgage Company and Weyerhaeuser Venture Company.Mr. Lange served as a director of Mortgage Electronic Registration System (MERS) from 1995 until 2002.In addition, he was a director of Pacific Gulf Properties from 1998 until 2001 and a director of Pedestal from 1999 until 2001.Mr. Lange was the President of the Mortgage Bankers Association of America in 1999.Mr. Lange received a bachelor's degree in Business and Agriculture from the University of Wisconsin.


Don Lange, an industry ...

www.fairisaac.com [cached]

Don Lange, an industry veteran with a distinguished career as CEO of Weyerhauser Mortgage in Los Angeles, has been recruited to be chairman and CEO of OptiFI.

An individual's propensity to pre-pay a loan, or "Prepayment Speed", is one of the most significant drivers of the profitability of a loan.Traditional methods used to determine Prepayment Speed have been limited to "pool" or "loan level" approaches.These methods depend solely upon macro-economic factors and loan type characteristics to draw general conclusions about aggregate loan pre- payment propensities.These approaches, however, ignore the unique characteristics of the borrower that can be extremely useful in determining their likely Prepay Speed.The technology developed by Marketswitch, which has been licensed exclusively to OptiFI, merges household level behavioral analysis with financial security pricing technology to unlock the value of understanding the impact of unique customer attributes on Prepayment Speed.With this understanding, loan organizations will be able to increase their loan level knowledge of valuation prior to funding a loan, thus making more fair and profitable loan decisions.
...
"We intend to create an industry standard that will transform prepayment risk into business opportunity," said Lange."We expect that just as FICO scores are used for more than 3 out of 4 mortgage applications in the United States, OptiFI Scores will be just as common.And, by increasing the portfolio management efficiency, OptiFI will benefit the consumer, as well as the lender."
Lange recently served as president of the Mortgage Banker's Association of America and is also a director for Pedestal, a B2B mortgage exchange, and MERS, the electronic registration system for mortgages.In addition, Lange chaired the MBA Technology Committee while an officer with the MBAA.
About Fair, Isaac
Fair, Isaac is a global provider of customer analytics and decision technology.Widely recognized for its pioneering work in credit scoring, Fair, Isaac revolutionized the way lending decisions are made.Today the company helps clients in multiple industries increase the value of customer relationships.Fair, Isaac has made the Forbes list of the top 200 U.S. small companies eight times in the last nine years.


Today's News

www.prnewswire.com [cached]

IRVINE, Calif., Nov. 12 /PRNewswire-FirstCall/ -- New Century Financial Corporation (Nasdaq: NCEN) today announced that two mortgage banking and financial executives, William J. Popejoy (64) and Donald E. Lange (57), have been appointed to the company's board of directors, increasing the size of the board to nine members while continuing with the seven previously serving directors.

...
Popejoy and Lange have distinguished careers in the fields of mortgage banking, savings and loan, executive management and government. (Photo: http://www.newscom.com/cgi-bin/prnh/20021112/LATU050 ) "I am extremely pleased that Bill Popejoy and Don Lange have agreed to join our board bringing decades of mortgage banking experience to New Century," said Robert K. Cole, chairman and CEO.
...
Popejoy and Lange have distinguished careers in the fields of mortgage banking, savings and loan, executive management and government. (Photo: http://www.newscom.com/cgi-bin/prnh/20021112/LATU050 ) "I am extremely pleased that Bill Popejoy and Don Lange have agreed to join our board bringing decades of mortgage banking experience to New Century," said Robert K. Cole, chairman and CEO.
...
Lange, a Certified Mortgage Banker (CMB), currently is president and CEO of Pacific Financial Services, a mortgage banking and specialty finance company.Lange served as president of the Mortgage Bankers Association of America (MBA) during 1999.He served the Weyerhaeuser Company for 28 years as president and CEO of several subsidiaries including Financial Services, Mortgage Company, Real Estate Venture Company and Republic Federal Savings.Additionally, he was CEO of OptiFI, Inc., a firm specializing in prepayment analytics that was a joint venture of Fair Issac Company and Marketswitch.He currently serves on the MBA Commercial Board of Governors.Formerly, he was a member of the MBA Board of Governors from 1996 through 2001 and the boards of the Mortgage Electronic Registration System (MERS) and Pacific Gulf Properties.
...
I look forward to assisting the management team in enhancing shareholder value with sustained growth and profitability strategies," said Lange.
New Century Financial Corporation is a leading nationwide specialty mortgage banking company that, through its subsidiaries, originates, purchases, sells and services residential mortgage loans secured primarily by first mortgages on single-family residences.At September 30, 2002, New Century originated loans through 69 retail sales offices operating in 26 states and 20 wholesale sales offices, including 10 regional processing centers, operating in 16 states and employed 2,271 Associates.
Click here


DONALD E. LANGE ...

www.sec.gov [cached]

DONALD E. LANGE Director

...
Mr. Lange has served as the President and Chief Executive Officer of Pacific Financial Services, a mortgage banking and specialty finance company, since 1999.From March 2001 to February 2002, Mr. Lange served as President and Chief Executive Officer of OptiFI, a private company specializing in prepayment analytics.Previously, he served as the President and Chief Executive Officer of several specialty finance subsidiaries of Weyerhauser Company, including Weyerhauser Financial Services, Weyerhauser Mortgage Company and Weyerhauser Venture Company.Mr. Lange served as a director of Mortgage Electronic Registration System (MERS) from 1995 until 2002.In addition, he was a director of Pacific Gulf Properties from 1998 until 2001 and a director of Pedestal from 1999 until 2001.Mr. Lange was the President of the Mortgage Bankers Association of America in 1999.
...
Donald E. Lange, Fredric J. Forster and Richard A. Zona.

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