Sperlonga Data and Analytics, a subsidiary of national real estate asset firm MMREM, has announced the hiring of Brent Stokes for the newly created position of senior vice president. Stokes will lead the existing effort on Sperlonga’s unique homeowners association-oriented offerings to lenders, investors, servicers, HOAs and other stakeholders in the mortgage space. Sperlonga Data and Analytics provides a centralized interface for servicers and homeowners associations (HOAs) to help stakeholders minimize losses associated with transaction delays and lost revenues caused by HOA claims. Sperlonga performs HOA Delinquency Checks and facilitates payment of delinquent HOA claims so servicers and investors can obtain clear title and remarket owned real estate faster and more easily. Sperlonga also provides HOA Delinquency Checks for use as analysis tools while servicers contemplate approval of a loan modification request, or when servicers try to pre-determine final net proceeds at the beginning of a short sale request.
Stokes is a highly experienced executive with a diverse background in lending, lending management, title insurance and settlement services, foreclosure audits and processes, and product management. He has worked for leading companies including Chase Home Loans, Stewart Title and First American Title in key production management and national accounts roles. He joins Sperlonga after helping the company as a product development and management consultant.
“Brent is one of the most knowledgeable and dynamic executives in the industry,” said Matt Martin, chairman and chief executive officer of Sperlonga Data & Analytics and founder/CEO of MMREM. “We are blazing new trails with our Sperlonga offerings and Brent will bring invaluable experience and leadership as we grow and innovate.”
Stokes is heading up Sperlonga’s effort to drastically reduce the pain experienced by servicers and investors as they deal with homeowners association claims for unpaid fees and the difficulties they often cause in remarketing foreclosed properties.
“There is a tremendous industry need for the HOA services offered by Sperlonga,” Stokes said. “We are bridging the expensive gap between servicers and HOAs in order to help move REO inventory and improve the national market.”