AMC Class Valuation Adds Shah to Chief Technology Officer
National evaluation management company Class Valuation has appointed Kaushal Shah, an experienced technology professional, as the new Chief Technology Officer (CTO) in its latest initiative associated with the expansion of its various pilot programs Across the country. News of the appointment was first reported to Mortgage Professional America (MPA).
Shah is said to have over 25 years of information technology (IT) experience, including product development and training teams in industries such as banking, brokerage, and securities. His most recent experience includes a 5-year stint with secure messaging services company Swift, first as Head of Application Programming Interfaces (APIs), then as Head of Engineering. .
Prior to joining Swift in 2016, Shah held a number of technology roles at telecom giant Verizon, overseeing various product lines, including its point-of-sale systems, until serving as director of digital engagement and marketing. e-commerce.
“At Class, we’ve been focused on leveraging data and technology to bring the evaluation space into the future for quite some time,” Class Valuation CEO John Fraas told MPA. “With Kaushal’s leadership and experience in cutting edge technology and high level team building, we are truly able to take our team to a new level. “
For Shah himself, he recounts the enthusiasm aroused by the company’s projects and the role he can play in facilitating them.
“What excited me the most were the conversations with Class and Gridiron Leadership during the interview process. I could feel the energy, enthusiasm and commitment to an honest attempt to push the boundaries and leading the AMC space with a focus on technology and data, “Shah told MPA.” I believe there are limitless possibilities to improve and extend the current set of products and solutions , in particular with a renewed emphasis on data integration. ”
Class Valuation has taken more visible steps in recent months to help expand its footprint across the country. Last spring, the company – which includes reverse mortgage valuation services as part of its full product line – was acquired by Connecticut-based investment firm Gridiron Capital, in a deal whose terms were not disclosed. Gridiron acquired from the former majority owner of Narrow Gauge Capital, based in Boston, Massachusetts. As part of the deal, Narrow Gauge will now remain as the minority owner of Class, according to an announcement from the deal.
Last summer, Class itself acquired AMC SouthEastern Evaluation (SEE) based in Greenville, SC, with the aim of increasing the company’s market share for AMC services in the Southeastern United States. . SEE serves more than 150 clients, including mortgage lenders, community banks and credit unions, using its network of professional assessors to serve clients in 20 states. The company’s immediate business focus is on states of South Carolina, North Carolina, Virginia and other neighboring states in the region, according to an announcement of the acquisition.
Read it story of the hiring of Shah at MPA.