Mortgage Connect LP capital markets veteran Brian Frye has been appointed the company’s executive vice president, servicing and capital markets strategy, the company announced.
Since October 2019, Frye has led the company’s capital markets division, which provides title, collateral, and transaction support services to institutional investors, banks, and government-sponsored enterprises that trade loans in the secondary market.
“Brian’s success in leading our capital markets division growth and expansion demonstrates his resolve in building solutions to meet the needs of the largest clients and investors in the industry,” Mortgage Connect CEO and Managing Partner Jeff Coury said in a release.
In his expanded role, Frye will oversee product development and sales for the company’s servicing solutions, including loss mitigation, default services, critical communications and valuation solutions. He will lead sales and strategy with a focus on delivering solutions tailored to meet service-level agreement requirements that boost efficiencies and enhance the consumer experience, the company said.
“Title and collateral defects can be the single biggest risk when trading mortgage assets,” Frye said. “Mortgage Connect has built an incredible business model where we provide component service work that protects our clients. We remediate both collateral and title issues so mortgage loan portfolios can be traded and securitized clean and clear.”
Frye has decades of experience, including with Wall Street investors. He began his career with Lehman Brothers before the 2008 financial housing crash, where he supported fixed income trade desk. He was also a principal and co-founder of AMRE Solutions, a diversified mortgage default services company. Before joining Mortgage Connect, he was senior vice president at Linear Title LLC, where he established the firm’s capital market division.