BSI Financial exec becomes first mortgage servicing professional to join IMN Home Equity Investment Advisory Board
BSI Financial Services, a national mortgage fintech platform, announced that its senior vice president of sales, client and transaction management, Allen Price, became the first mortgage servicing executive appointed to the IMN Home Equity Investment Advisory Board.
The advisory board is comprised of thought leaders and key stakeholders from servicing, capital markets, home equity investment (HEI) originations and rating agency organizations who are dedicated to advancing the primary and secondary markets through innovation and strategic collaboration, according to a company press release.
BSI said Price’s role with the advisory board reflects the company’s growing prominence in the HEI space. BSI provides both full and backup servicing and asset management for rated and non-rated HEI-backed securitizations, as well as non-securitized HEI assets, the release states. BSI also services traditional home equity lines of credit (HELOC) and closed-end second-lien loan products.
“I am deeply honored to join the IMN Home Equity Investment Advisory Board and to collaborate with such an accomplished group of mortgage and capital markets professionals,” Price said in the release. “This opportunity allows me to continue to provide thought leadership and innovation to this very important and growing sector while bringing to the table BSI Financial’s unique perspective and expertise in servicing HEI assets.”
BSI’s prides itself on its proprietary technology stack, Libretto and BSI ASSET360, which it believes differentiates the company from other servicers. Libretto automates daily quality control to reduce processing errors and identify potential issues before they impact customers. BSI ASSET360 provides lenders and investors with real-time visibility into asset status and performance. These systems help build consumer, originator, regulatory and investor confidence in the growing HEI sector.
“Building world-class servicing operational processes to support the unique and bespoke nature of HEI assets that will provide homeowners with greater financial flexibility is exactly what BSI is all about,” BSI President and Chief Operating Officer Harold Lewis said.
BSI services approximately $2.1 billion in unpaid principle balances across 22,000 units, establishing itself as a servicing industry leader in the home equity investment asset class.