Eric will help cultivate and drive the development of important strategic alliances with leading industry players that can benefit from LVG’s incentive-based RH Reward program.
Rumson, NJ (PRWEB) April 09, 2012
Loan Value Group LLC (LVG) today announced the hiring of Eric Smith as a Managing Director. As a senior sales executive, he will be responsible for overseeing the development of strategic partnerships with lenders, servicers and hedge funds in the promotion of LVG’s Responsible Homeowner Reward® (RH Reward®) program.
With more than 25 years of experience in investment banking and the real estate industry, Mr. Smith joins LVG from KBS Strategic Opportunity REIT, Inc., a public, non-traded REIT, where he serves on their Board of Directors. Prior to KBS, Mr. Smith held various senior sales positions at Credit Suisse, most recently as a Managing Director of Structured Product Sales. Earlier at Credit Suisse, he managed the Fixed Income Group in the San Francisco office, where he supervised a team of professionals with sales coverage responsibilities for the firm’s clients in the Western United States.
“We are extremely delighted to have someone of Eric’s experience and caliber join the team,” said LVG Managing Partner Frank Pallotta. “Eric will help cultivate and drive the development of important strategic alliances with leading industry players that can benefit from LVG’s incentive-based RH Reward program.”
Mr. Smith received a BS in Finance from California State University in Sacramento.
RH Reward has the proven ability to reduce delinquency rates by more than 50% on some of the highest-risk loans in the mortgage industry without reducing principal or changing the term of the original mortgage note.
About Loan Value Group LLC
Founded in 2008, Loan Value Group, LLC is a large scale, turn-key provider of residential mortgage incentive strategies that positively influence consumer payment behavior on behalf of residential mortgage risk owners and servicers to directly address strategic default. Based in Rumson, New Jersey, LVG is the creator and exclusive provider of the Responsible Homeowner Reward® program, named one of the “50 Best Inventions of 2010” by TIME Magazine. For more information, visit Loan Value Group or contact us at info(at)loanvaluegroup(dot)com.