""Aklero Risk Analytics, Inc."":http://www.Aklero.com, a Pennsylvania-based provider of automated data and document validity assurance for the mortgage industry, has appointed Richard J. Downing as EVP of sales.
Downing is a veteran of the mortgage and consumer data industries, with more than 30 years' experience in working to deliver technology-based consumer lending solutions to residential and equity lenders.
""We are thrilled to be bringing Rich onto our team because he brings to the company an unparalleled understanding of the loan quality and risk management needs of the mortgage market,"" said Brian K. Fitzpatrick, Aklero's CEO.
Fitzpatrick continued, ""He chose to work here because he recognized that we are challenging the traditional Ã¢â‚¬Ëœlow tech' methods of analyzing loan quality and risk by providing clients with proven technology that provides a compelling value proposition.""
Downing joins Aklero with an extensive track record in business and sales strategy development, most recently as[COLUMN_BREAK]
SVP at Kroll Factual Data. He also served as president of the Credit Network.
""I am delighted to be joining a team of high energy professionals who are redefining the standards for data quality in mortgage lending and delivering tangible benefits to lenders and investors across the spectrum,"" Downing said.
""I was attracted to Aklero because of their commitment to innovation and the creative solutions they've developed to help our clients meet the challenges of a changing marketplace,"" he added.
Downing has served on the board of directors for the Credit Data Information Association and the Mortgage Advisory Council and has been recognized by that association for his work on the Mortgage Credit Reporting Standards Task Force.
He has also been a member of the Mortgage Bankers Association and the Massachusetts Mortgage Bankers Association.
Aklero's proprietary Q-Close Loan Quality and Risk Analytics Platform provides loan audits and automated deficiency detection, allowing users to identify, fix, and understand problems in mortgage loan files.
Augmenting its technology platform the company also provides forensic analysis, mortgage quality control audits, due diligence loan reviews, and other operational solutions that can be tailored to suit clients' needs.
Aklero's customers include mortgage lenders, institutional investors, investment banks, government agencies, community banks, credit unions, mortgage insurance companies, and other financial institutions.