Industry veteran Michael Harris has joined Exceleras, formerly Default Servicing Technologies, as its new president and CEO. According to the company, Harris had been a consultant for several months, developing strategic direction and working on both a new product set and general rebrand for the software development company.
Following the rebrand, the company now provides Web-based automated tools used by mortgage servicers and asset management providers to efficiently manage and value real estate owned (REO) properties.
“Today’s primary market participants – lenders and servicers – now have access to solid software that meets their most pressing needs, and we are proud to be a solution provider for that sector,” Harris says. “It’s the secondary market that also needs our support today. Our ability to provide customized software through a consultative and collaborative process is making us a good partner for capital markets firms that can benefit from access to a boutique, high-powered technology environment.”
Previously, Harris owned his own quality assurance consulting firm, Jennick LLC, where he provided services designed to help mortgage servicers establish and maintain best practices. Before that, he served as president of Carrington Property Services, president at Stewart Asset Recovery and vice president in charge of operation for First American REO Servicing.
“Our primary market segment going forward will be investors who lack the powerful technologies required for success in today’s real estate market,” Harris says.