Loan Default System Is a Technology All-Star
Technology All-Stars Article Recognizes Bob Caruso, Inventor of EarlyResolution
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Read the full Technology All-Stars Caruso profile (PDF). |
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The 2010 class of Mortgage Banking magazine’s Technology All-Stars is a group of people with a purpose. Some have been instrumental in launching pivotal technology projects that address an urgent need. Congratulations to Bob Caruso, recognized as one of 15 All-Stars, who is credited with inventing the loss-mitigation software that would evolve into CSC’s EarlyResolution.
Acquired by CSC in 2004, EarlyResolution was created in 2000 by Freddie Mac in collaboration with a consortium of banks to help mortgage servicers find effective solutions when borrowers are in default, lower collection costs associated with defaults and enable more borrowers to keep their homes when facing potential foreclosure.
“CSC was a technology and operations provider to Freddie Mac from the founding of EarlyResolution, so we have worked alongside Bob Caruso for many years,” said Kevin Schlumpf, CSC's acting director of EarlyResolution. “CSC participated in the collaborative effort to build EarlyResolution, and we have continuously hosted and operated the EarlyResolution Web platform since its inception. We salute Bob and thank Mortgage Bankers for recognizing the innovation in EarlyResolution's loss-mitigation technology. We continue to improve and expand the product to meet today’s challenges."