IRVING, Texas, March 5, 2021 / PRNewswire-PRWeb / – Bizzy Laboratories, a leading technology company that uses a big data approach to perfect mortgage files during loan onboarding and throughout life, announces formation of an advisory board to help guide development of its service offerings that meet regulatory compliance.
Gagan Sharma, Bizzy Labs’ President and CEO, named Buckley Firm’s Jeff Naimon, CrossCheck Compliance Jim shankle, Sagent Matt Tully, BSI Financial Erum Nayani, and the Codilis’ family of companies Mike Sullivan be the first members of the Board.
The Advisory Board will provide advice on regulatory trends affecting mortgage management and software features designed to inform regulatory risk in loan pools and portfolios.
“We are pleased to announce the formation of our Advisory Board at this critical juncture in the evolution of our industry,” said Sharma. “The financial and reputational cost of non-compliance is increasing, particularly given the impact of COVID 19 and what we expect to be increased regulatory oversight as COVID forbearance programs are lifted. The advisory board will Bizzy Laboratories to develop technology that highlights the risk of non-compliance. “
Booklet, Bizzy Labs’ flagship application, improves compliance coverage and quality with an automated, data-driven approach to detect data anomalies in loan files. Libretto produces a daily checklist of loan improvement actions that can be managed using its online workflows or exported to customer systems. Libretto is able to detect more than 600 types of loan file exceptions during loan embarkation, and in primary, default and FHA / Ginnie Mae portfolio management and acquisition of MSR.
Jeff Naimon is a partner in the Washington DC, office of Buckley LLP, with over 25 years of experience assisting bank and non-bank financial service providers (and investors) with regulatory, enforcement and transactional matters.
Jim shankle is Managing Director of CrossCheck Compliance, LLC with over 25 years of regulatory compliance and internal audit experience in the mortgage industry. Jim has been a frequent speaker at various national and state mortgage professional organizations.
Matt Tully is Senior Vice President at Sagent, as Chief Compliance Officer and Chief Business Officer of the agency. He said: “I am delighted to participate in Bizzy Lab’s Advisory board. The partnership between Bizzy and Sagent is indicative of our mutual commitment to leveraging technology solutions to meet the compliance needs of service providers. “
Erum Nayani is the Deputy General Counsel of BSI Financial. In her current role, she is responsible for various areas of compliance and risk management, including regulatory compliance, litigation, licensing and auditing.
Mike Sullivan, Director of Customer Relations and Marketing for the Codilis family of companies (IL, IN, MO, TX and WI), has over 36 years of experience in all areas of Default Service, including complaints post-foreclosure and technology initiatives by default.
Formed in 2020, Bizzy Laboratories is the product of BSI Financial’s decade-long program to develop a technological alternative to manual processes that detect loan file anomalies. An autonomous company providing regtech services to loan investors, originators and services, Bizzy Labs’ The core product, Libretto, improves loan performance and profitability by reducing errors that create compliance risks and service issues. Bizzy Laboratories can be found on the web at http://www.bizzylabs.tech.
Kunal Mahajan, Bizzy Laboratories, +1 650.305.8515, [email protected]
Dave ross, BSI Financial Services, 7147159976, [email protected]
THE SOURCE Bizzy Laboratories