Press Release

Aklero Process Solutions Hires Industry Veteran Brian Fitzpatrick

In new role, mortgage technology pioneer and former Lydian executive will help tackle document deficiencies and restore investor confidence in mortgage lending

Aklero Process Solutions, Inc., a provider of data and document validity assurance for the mortgage industry, today announced the hire of mortgage industry veteran Brian K. Fitzpatrick as president and chief executive officer. Fitzpatrick was hired to further advance Aklero’s innovative solutions into the national mortgage banking marketplace.

Fitzpatrick brings a strong background in executive level positions within the mortgage technology industry and is a recognized authority in the field of mortgage technology solutions. He is a recipient of Mortgage Banking magazine’s prestigious IT All-Star designation for his career contributions to the field of mortgage technology; has been a speaker for many industry panels and conferences; and has authored numerous articles and white papers in a variety of mortgage and related financial services trade publications.

Most recently, Fitzpatrick was president of Lydian Technology Group and was an executive vice president of Lydian Data Services. His previous roles include president of WellFound Decade Corporation and chief executive officer of Decade Systems Corporation. He has also held senior executive positions at GHR Systems and Electronic Data Systems Corporation (EDS).

Based in Radnor, Pennsylvania, Aklero Process Solutions offers an automated loan deficiency detection solution that prevents costly loan buy-backs due to insufficient loan documentation, while at the same time speeding up pre-closing and post-closing audit activities and reducing the interest costs from warehouse lines. Aklero’s solutions are available as a web-based technology solution.

“In today’s environment, mortgage lenders are subject to increased oversight by regulators and heightened demands for accountability by investors,” Fitzpatrick said. “As a result, lenders are increasing the level of scrutiny of both pre- and post-closing audits to increase their chances of first purchase success and prevent buy-backs and resultant losses. At the same time, lenders are struggling to do more volume with less staff.

“Aklero’s platform enables lenders to greatly increase the number of reviewed files per person by automating the review of loan files and the thousands of data elements contained in them,” Fitzpatrick added. “When it comes to detecting deficiencies in mortgage loan files, nobody provides the level of automation offered by Aklero.”

About Aklero Process Solutions, Inc.

Based in Radnor, Pennsylvania, Aklero Process Solutions offers loan deficiency detection solutions for the mortgage lending industry. Aklero's systems use technology and sophisticated processing to identify and cure mortgage loan problems in a manner that is far more efficient than traditional methods of loan evaluation. Whether used by mortgage lenders, community bankers, credit unions or other financial service companies and institutions as a web-based solution, Aklero provides lenders and investors with cleaner and faster loans and at a lower cost than traditional loan review processes. For more information on Aklero, please visit www.Aklero.com or call 888.837.9066.

PRESS CONTACT:

Warren Lutz

Strategic Vantage Marketing & Public Relations

(925)270-3941

WarrenLutz@StrategicVantage.com