G. Carolyn Mitchell Joins Aklero As Senior Vice President
Jun 14th, 2011Aklero Risk Analytics Inc., a provider of mortgage loan quality software and services through automated data and document validity assurance for the mortgage industry, has named G. Carolyn Mitchell as Senior Vice President.
“We are thrilled to be bringing Carolyn onto our team,” said Brian K. Fitzpatrick, Chief Executive Officer at Aklero. “She has over 30 years of experience in the real estate and mortgage banking industries, and we are proud of the stature she brings to Aklero.”
As Senior Vice President, Mitchell will oversee Business Development and Sales for the Northeast Region within the company. She is also charged with Business Development for the company’s Quality Control Audit Division.
Q-Close: The Power Behind Advanced Mortgage Quality Control
“During my tenure at Magnet, I have looked at just about every QC technology platform in the industry to use for my own business. When I saw Aklero’s Loan Quality Management Platform, I immediately recognized it to be the power behind the most advanced mortgage quality control offering in the business,” said Mitchell. “Their Q-Close platform is a huge benefit to their clients, and I’m happy to be part of a company that has the most feature-filled and flexible platform in the Quality Control marketplace.”
That led her to the realization that mortgage quality control is expensive and not a revenue producing activity for a lender and, as a result, lenders are seeking more from their providers. They want a complete loan audit solution that includes automated document and data validity checks and dynamic loan research as opposed to inadequate static PDF or Excel-based reports.
Moreover, Aklero provides integrated business intelligence, a platform that electronically compares hundreds of data elements with the original documents, secure access to indexed documents, automated rebuttal submission and tracking as well as a segregated and secure audit archive. Combining all of this technology reduces the amount of time that lenders and management must spend sifting through QC data attempting to make sense of the results.
“I recognize that Aklero has established a new approach to how audit loan reviews are conducted and analyzed. They produce the most accurate results in the business and substantially change the cost structure of mortgage quality control for a lender,” said Mitchell. “The firm extracts hundreds of data elements from the original mortgage documents that it combines with codified alert findings. No one else in the mortgage business has the technology and expertise to do this.”
Mitchell is the founder, former president and CEO of Magnet Portfolio Services, Inc., a quality portfolio analysis and underwriting service provider to the lending industry. She has also held senior positions at Freddie Mac, Lomas and Nettleton, and other lending institutions.
