NEW YORK, May 15, 2013 /PRNewswire/ -- ELM Systems LLC, a developer of state-of-the-art loan management solutions for residential mortgage whole loans, announced today the hiring of Matthew Mustich as a Senior Vice President of their Enterprise Loan Management System (ELMS).
Mr. Mustich has 10 years experience in the residential whole loan markets and will be overseeing the Business Development efforts at ELMS. Prior to joining ELMS, Mr. Mustich was employed as a Senior Whole Loan and Agency CMO evaluator at Interactive Data Corporation. In such capacity, Mr. Mustich was solely responsible for analyzing and pricing all pools of residential whole loans, as well as working as part of a team evaluating upwards of $10 billion worth of agency CMO products on a daily basis. Prior to joining Interactive Data Corporation, Mr. Mustich worked in partnership with the Whole Loan trading desk at Marathon Asset Management and was the head distressed Whole Loan trader at The Winter Group. Mr. Mustich's whole loan career began in 2003 as a collateral analyst on the 2nd lien trading desk at The Winter Group. Mr. Mustich earned a BS in Business Administration with a major in Finance and minors in Economics and Management Information Systems from The University of Delaware.
ELMS is designed for institutions and funds holding and managing residential whole loans. The system is an advanced and flexible loan management solution to manage loan inventories from bid through disposition, sale or liquidation. ELMS facilitates loan loading, due diligence and servicing updates on loans, and allows for the easy extraction of data for modeling purposes.
ELMS will be hosting a webcast presentation of the loan management product on June 26 th. Please email us at email@example.com to receive an invite to this event.Barbara Chell, ELM Systems' Director of Product Development, stated, "We are thrilled to have Matthew join our team. His knowledge and expertise will have an immediate impact and we are looking forward to the many contributions he will make to our fast growing company." "ELMS is an innovative solution in the residential whole loan field that streamlines and organizes loan information for institutions and funds." Ms. Chell continued, "The improved transparency, risk mitigation and portfolio tracking features makes the platform very unique in the industry."