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""Sperlonga Data and Analytics"":http://www.SperlongaData.com, a subsidiary of national real estate asset management firm ""MMREM"":http://www.mmrem.com/, has announced the hiring of Brent Stokes, a 26-year mortgage industry veteran, for the newly created position of SVP.
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Sperlonga Data and Analytics provides a centralized interface for servicers and homeowners associations (HOAs) to help stakeholders minimize losses associated with transaction delays and lost revenues caused by HOA claims.
Sperlonga facilitates payment of delinquent HOA claims so servicers and investors can obtain clear title and remarket owned real estate faster. The company also provides HOA delinquency checks for use as analysis tools while servicers contemplate approval of a loan modification request, or when servicers try to pre-determine final net proceeds at the beginning of a short sale request.
In his new position with the firm, Stokes will lead Sperlonga's efforts to provide its HOA identification, reconciliation, and payment services to lenders, investors, servicers, homeowners associations, and other stakeholders in the mortgage space.
[COLUMN_BREAK]Stokes has a diverse background in lending, lending management, title insurance and settlement services, foreclosure audits and processes, and product management.
He has worked for companies such as Chase Home Loans, Stewart Title, and First American Title in key production management and national accounts roles. He joins Sperlonga after helping the company as a product development and management consultant.
""Brent is one of the most knowledgeable and dynamic executives in the industry,"" said Matt Martin, chairman and CEO of Sperlonga Data & Analytics and founder and CEO of MMREM. ""We are blazing new trails with our Sperlonga offerings and Brent will bring invaluable experience and leadership as we grow and innovate.""
Stokes sees a tremendous need within the industry for HOA services. He says the solutions offered by Sperlonga ""are bridging the expensive gap between servicers and HOAs in order to help move REO inventory and improve the national market.
Among the new concepts Sperlonga is pioneering is a national database of HOAs down to the property address/unit level, facilitating and handling delinquent HOA claims on foreclosures, as well as providing early warning default analytics to credit risk managers by tracking non-payment of homeowners association dues.
""It is truly exciting to be part of an innovative company that is focusing on such an unmet need for all stakeholders in the real estate industry,"" Stokes said. ""Sperlonga is making a big difference for investors, servicers, and HOAs alike as we fill this critical void in the mortgage marketplace.""
