Mortgage Connect LP, a national mortgage services provider for the nation’s largest financial institutions, investors, servicers and GSEs, recently appointed capital markets veteran Brian Frye executive vice president, servicing and capital markets strategy.
The company tapped Frye in October 2019 to lead its Capital Markets Division which provides title, collateral, and transaction support services that cater to the needs of institutional investors, banks, and GSEs that trade and securitize whole loans in the secondary market, the company said.
“We are pleased to have Brian leading our servicing and capital markets sales and strategy. 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,” Jeff Coury, Mortgage Connect CEO and managing partner, said in a release.
Frye brings decades of experience, specifically with Wall Street investors. Beginning his career with Lehman Brothers prior to the financial housing crash of 2008, he supported the fixed income trade desk.
“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.”
In his expanded role, Frye will be instrumental in product development and sales for the company’s full spectrum of end-to-end servicing solutions, including loss mitigation, default services, critical communications and valuation solutions.