New Position, New Hire for Sperlonga

""Sperlonga Data and Analytics"":http://www.sperlongadata.com/ welcomes Brent Stokes as its choice for the company's newly created position of senior vice president. Stokes brings veteran experience earned over a 26-year career in the mortgage industry to his new role, which encompasses Sperlonga's homeowners association-oriented programs for lenders, investors, servicers, and other stakeholders.

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Stokes' background in lending, lender management, title insurance, settlement services, foreclosure audits, processing, and product management are a strong fit for Sperlonga's offerings targeting loss mitigation, transaction initiatives, and revenue loss resulting from HOA claims.

Previously employed with diverse companies such as Chase Home Loans, Stewart Title, and First American Title, Stokes also has expertise in productions management, national account and product development, and management consulting.

""Brent is one of the most knowledgeable and dynamic executives in the industry. We are blazing new trails with our Sperlonga offerings and Brent will bring invaluable experience and leadership as we grow and innovate,"" said Matt Martin, Sperlonga's chairman and CEO and founder and CEO of ""MMREM"":http://www.mmrem.com/, under which Sperlonga is a subsidiary.

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Elaborating, Martin emphasized Stokes' role as the leader of Sperlonga's initiatives to stem the complications for servicers and investors struggling with HOA claims related to unpaid fees and difficulties marketing properties in foreclosure.

Commenting on his new position, Stokes said, ""There is a tremendous industry need for the HOA services offered by Sperlonga.

""We are bridging the expensive gap between servicers and HOAs├âÔÇÜ├é┬á in order to help move REO inventory and improve the national market,"" he said.

He added, ""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. Sperlonga is making a big difference for investors, servicers and HOAs alike as we fill this critical void in the mortgage marketplace.""

Sperlonga's product line includes HOA Delinquency Checks, which gives servicers enhanced analytics tools as they work to evaluate loan modifications, and new concepts are in the works, such as a national database of HOAs by property.

According to a statement, the database will facilitate the processing of delinquent HOA claims on foreclosures, provide early warning default analytics to credit risk managers, and lend better tracking of HOA dues in non-payment.

The Virginia-based company is an affiliate of MMREM, a national asset management firm that serves federal agencies, private sector servicers, investors, and insurers.