Home valuation fintech firm HouseCanary, Inc. welcomed Craig Phillips as the company’s new senior advisor, HouseCanary announced in a press release.

Phillips most recently served as counselor to Treasury Secretary Steven Mnuchin, where he focused on financial institution and capital markets policy, debt management, fiscal policy, fiscal operations, government asset and liability management and general economic policy.

Phillips also led development of policy for the regulatory framework of the financial system under the Core Principles established by Executive Order 13772 and managed policy efforts to enhance the financial sector’s cybersecurity and resilience through the Office of Critical Infrastructure Protection and Compliance Policy.

He now will be working with HouseCanary founder and CEO Jeremy Sicklick. Phillips’ appointment to the senior team comes as the lending market undergoes fundamental changes with digital mortgages and automation of appraisals, and at a pivotal time in the mortgage lending industry, the release said.

 “Technology changes will likely enable a disruption of the traditional appraisal process as we now know it, benefitting both consumers and lenders,” Phillips said in the release. “HouseCanary has developed industry-leading analytics that have the ability to support a frictionless home purchase and borrowing experience. I’m excited to join at this period of growth and innovation for the company and the industry.”

Phillips has held leadership roles in driving innovation across the mortgage and capital markets over the past 30 years. Between 2008 and 2017, Phillips was a managing director of BlackRock, where he founded and led the Financial Markets Advisory group, a global risk consulting practice that served more than 200 unique clients in 32 countries and booked revenue in excess of $1.6 billion. From 1994 to 2006 he was a managing director at Morgan Stanley and led its global Securitized Products Group.

“I am honored to have Craig join HouseCanary in this strategically important role,” Sicklick said. “Craig is a proven leader and pioneer in the mortgage and banking industry. His background in innovation, the private and public sector, and regulatory and financial systems are an asset to HouseCanary as we continue to build the most accurate valuations in the housing industry.”