DENVER--(EON: Enhanced Online News)--EMC2 Data, a developer of regression analysis-based valuation technology, has appointed Michael “Mike” Larssen, CMB, as CEO. Larssen is responsible for leading the company as it helps to establish the new era of valuations.
“Mike believes, as I do, that as we enter this next phase of the housing market, it is imperative that we establish more proactive and positive valuation best practices. I look forward to working with Mike in this game-changing venture.”
“It was extremely important for us to assemble a team of individuals who not only possess mortgage industry knowledge, but also the vision to help us usher the industry forward in a manner that ensures we do not repeat the mistakes of the past,” said Jim Silva, co-founder and chairman of the board for EMC2 Data. “Mike believes, as I do, that as we enter this next phase of the housing market, it is imperative that we establish more proactive and positive valuation best practices. I look forward to working with Mike in this game-changing venture.”
Before Larssen joined EMC2 Data as CEO, he founded Larssen Consulting Group in Clearwater, Fla., a firm that specializes in solving strategic challenges for lenders and expanding originations via recruiting, mergers and acquisitions. Prior to that, he was chief credit officer and national sales manager of Atlanta-based Correspondent One, where he was responsible for the credit policy, oversight of outsourced due diligence functions and business development. Larssen also was a founding member of St. Louis-based Lenders One Mortgage Cooperative, and was the company’s EVP helping expand its membership to more than 250 members while generating streams of revenue from their aggregated $180 billion of volume in 2012. Earlier in his career, he was EVP at Mortgage Investors Group in Knoxville, Tenn., an originator with $2 billion of primarily retail annual volume and SVP at Columbia Home Loans in Valhalla, N.Y.
“My past business experiences have confirmed that, now more than ever, our industry needs to recognize the importance of providing the most accurate and efficient property valuation solutions, which are the foundation of a healthy mortgage finance industry,” Larssen explained. “I am confident in our ability to improve the technology and approach that will deliver innovative and sound changes to valuations that we need. As the industry continues to rebound, there is no better time to re-evaluate processes and take steps to improve and revitalize our industry.”
Larssen received his Certified Mortgage Banker (CMB) distinction in 2005 and today is an active member of the Mortgage Bankers Association (MBA) where he has served on the MBA Fraud and Ethics Committee. He was previously the vice president of the Knoxville, Tenn. MBA . Currently, Larssen is a member of the Interthinx National Fraud Advisory Council. He earned a Bachelor of Arts degree in political science and government from St. John’s University in New York City.
About EMC2 Data
Denver-based EMC2 Data provides enhanced statistical mathematically-based automated regression analysis for property valuations; with its proven technology, the company has created a collaborative platform that brings together real estate professionals, appraisers and lenders early in the process, in order to improve valuation methodologies and more efficiently increase the number of transactions. For more information, contact Michael Larssen at firstname.lastname@example.org.