Default Servicing Technologies (DST), an Illinois-based provider of web-based automated tools for asset managers and mortgage servicers to manage REO properties, has announced the hiring of Doring Lloyd as the firm's VP of business development.
Immediately prior to joining DST, Lloyd served as key accounts manager with New York-based Ernst Publishing Company. She has held sales executive positions with a number of firms in the financial services industry since joining TransUnion in 1996. With DST, Lloyd will lead the sales and marketing departments as the VP of business development.
"Doring is an excellent choice for this important position," said Amy Bergseth, VP of operations for DST. "She has connected well with with the rest of our management team and works well with the team as we work with prospects and customers. Her experience has given us a new perspective and her industry contacts have already enlarged our prospect universe. We're very glad to have her."
Lloyd is optimistic about the prospects for DST's offerings based on upcoming home equity loan rests, Home Affordable Refinance Program (HARP) loans, and Home Affordable Modification Program (HAMP) loans. She also sees opportunity to add components to DST's software offerings, which include the DispoSolutions REO management platform and the ValuationSolutions enterprise collateral valuation management technology, to meet clients' changing needs. DST announced earlier this month that it had added custom task capabilities to the DispoSolutions platform.
"I saw the opportunity to move to DST as a natural next step in my career," said Lloyd. "I'm very interested in the servicing side of the business and understand the challenges executives working there are facing right now. Our software can help mitigate their risks, improve their REO disposition and make them more money. It's a great time to be in this business."