Maryland-headquartered technology development firm, Indisoft has announced the appointment of Frank Pallotta to its advisory board. An established leader in the mortgage industry, Pallotta also brings a wealth of experience in the capital markets.
“We are very excited to add Frank to our advisory board,” said Sanjeev Dahiwadkar, CEO and Founder of IndiSoft. “His expertise in capital markets, extensive industry network and deep business knowledge will be of inestimable value to fulfilling our vision and executing our strategy.”
Pallotta is currently the owner of Steel Curtain Capital Group, LLC, a mortgage advisory firm, which was founded in 2009. He was instrumental in building and leading some of the largest residential mortgage teams on Wall Street and helped design the industry’s first private label rewards program tied to the payment performance of underwater mortgages. This program won TIME Magazine’s Top 50 Inventions of 2010 by employing the use of borrower behavior and incentive theory to dramatically reduce mortgage default rates.
Pallotta has held key positions and senior capital markets roles at Morgan Stanley, Credit Suisse, and Goldman Sachs & Co. leading origination, sourcing, structuring and distribution of loans and securities. He is currently building Canada’s first multi-lender, aggregation and securitization platform designed to provide additional liquidity and increased distribution to Canada’s residential housing market.
He continues to maintain many senior relationships with some of the largest financial and regulatory institutions in Washington, D.C. and across country. Pallotta is a graduate of St. John’s University in New York, with a bachelor’s degree in finance.