Business NewsPR NewsWire • Franklin Credit Management Corporation Names New Executive Vice President and Managing Director of Servicing and Asset Recovery Operations

Franklin Credit Management Corporation Names New Executive Vice President and Managing Director of Servicing and Asset Recovery Operations

Franklin Credit Management Corporation Names New Executive Vice President and Managing Director of Servicing and Asset Recovery Operations

NEW YORK, Jan. 8 /PRNewswire-FirstCall/ -- Franklin Credit Management Corporation ("FCMC"), the mortgage servicing subsidiary of Franklin Credit Holding Corporation (OTC Bulletin Board: FCMC) and a specialty consumer finance company primarily engaged in the servicing and resolution of performing, reperforming and nonperforming residential mortgage loans, including specialized loan recovery servicing, and in the analysis, pricing, due diligence and acquisition of residential mortgage portfolios for third parties, today announced that, effective January 11, 2010, Jimmy Yan will join FCMC as Executive Vice President and Managing Director of its servicing and asset recovery operations. Mr. Yan was most recently employed by Deutsche Bank Securities Inc. as Vice President, a position he held for over four years, during which time he was responsible for managing a dozen mortgage servicers and the servicing and recovery of over 100,000 mortgage assets. Prior to his position with Deutsche Bank Securities, Mr. Yan had been employed by FCMC as manager of the default operations of its servicing department. Mr. Yan holds a Bachelor of Science degree in finance from the University at Buffalo at the State University of New York.

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