Wingspan Taps GSE Tech Authority as SVP of Information Management

Specialty loan servicer ""Wingspan Portfolio Advisors"":http://www.WingspanAdvisors.com said Tuesday the company has appointed E.J. Kite to the newly created position of SVP of information management.

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A mortgage technology veteran with 26 years' experience, Kite is responsible for leading Wingspan's expanding technology infrastructure, reporting and analytics capabilities, and integration of the specialty servicer's supporting software tools.

Kite joins Wingspan from ""Fannie Mae"":http://www.fanniemae.com, where he spent three years as director of management information systems (MIS), building out the GSE's Credit Performance Management reporting infrastructure.

He began his career with ""Freddie Mac"":http://www.freddiemac.com in 1984, where he spent 20 years in multiple technology roles, providing key resources for the GSEs' growth in portfolio size and technological advancements.

Kite left Freddie Mac in 2005 to work for Resurgent Capital Services, a subsidiary of Sherman Financial, where he served as a senior director and led the company's operations and analytic teams.

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Steve Horne, Wingspan Portfolio Advisors' founder and CEO, was working for Resurgent at that time and was responsible for hiring Kite. ""Five years later, we were successful in bringing E.J. to Wingspan,"" Horne said.

""We are experiencing exponential growth in the current environment of high defaults and the great interest in enhanced servicing solutions resulting from ‘Foreclosure-Gate' and Dodd-Frank,"" Horne continued. ""The precision of the workflows we require means that information needs to be available to our people quickly and with great accuracy. That's where E.J.'s talents and experience come into play.""

Kite is a skilled veteran when it comes to creating infrastructure to manage large volumes of complex mortgage information and delivering it in a practical and functional form for specific application, employing a methodology he calls the ""Results-Oriented Approach.""

Designed to achieve results by integrating teams and precisely aligning information and users, Kite says his methodology is perfect for Wingspan's high-touch approach to challenging borrower situations.

""Wingspan Portfolio Advisors performs one of the most difficult tasks in the lending industry,"" Kite commented, ""bringing borrowers back from the brink of foreclosure and restoring value to loans that were considered hopeless. I am excited about the challenge and committed to bringing everything I've learned in my 26 years of experience to this dynamic company.""

Wingspan Portfolio Advisors, headquartered in Carrollton, Texas, specializes in handling severely delinquent loans, bringing them back to performing status or managing foreclosure alternatives to reduce loss severity, including accelerated short sales.