Wingspan Portfolio Advisors, a provider of specialty and component loan servicing for the mortgage industry, has announced the appointment of E.J. Kite, a mortgage information technology expert with 26 years of experience, to the newly-created position of senior vice president of information management. Kite is now responsible for leading Wingspan’s award-winning and ever-expanding technology infrastructure, reporting and analytics capabilities, and integrating the many software tools that support the fast-growing specialty servicer. Wingspan Portfolio Advisors specializes in handling severely delinquent loans, bringing them back to performing status or managing foreclosure alternatives to reduce loss severity, including accelerated short sales.
Kite joins Wingspan from Fannie Mae, where he spent three years as the MIS director, building out the credit performance management reporting infrastructure. He began his career with Freddie Mac in 1984, where he spent 20 years in multiple technology roles, providing key resources for the GSEs’ tremendous growth in portfolio size and technological sophistication. 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 operations and analytic teams.
Steve Horne, Wingspan Portfolio Advisors’ chief executive officer, who was working for Resurgent at the time, was responsible for hiring E.J. Kite.
“Five years later, we were successful in bringing E.J. to Wingspan,” said Horne, who founded the company in 2008. “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. 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 highly experienced in creating infrastructure to manage large volumes of complex mortgage information and delivering it in highly useful form for finely directed applications, employing a methodology he calls the “Results-Oriented Approach.” Designed to achieve impressive results by integrating teams and aligning information and users with great precision, Kite feels his methodology is perfect for Wingspan’s very successful high-touch approach to extremely challenging borrower situations.
“Wingspan Portfolio Advisors performs one of the most difficult tasks in the lending industry,” Kite said, “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.”
For more information, visit www.WingspanAdvisors.com.