BSI Financial Services Expands Management Team

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Industry Veterans Recruited to Fill New Positions in Loss Mitigation, Project Management and Regulatory Compliance

Continuing its expansion of loan servicing and financial services, BSI Financial Services (BSI Financial) today announces two new appointments to its management team. Mohit Pathan assumes the position of Senior Vice President responsible for Loss Mitigation and Project Management. Nonny Sanchez joins BSI Financial as Assistant Vice President leading BSI Financial’s Regulatory Compliance Department.

“We are creating new avenues for growth by modernizing our business processes and investing in new technology,” said Gagan Sharma, President and CEO of BSI Financial. "Balancing risk with business expansion requires skills that have been honed by managing change in challenging times, the kind of skills that Mohit and Nonny have accumulated over their careers. We welcome them to our management team," he added.

Over the course of his 25-year career, Mohit Pathan has developed international experience in financial services working for several of the world’s largest institutions. He has held an executive-level position in fixed asset operations at Bear Stearns, led the international expansion of branch banking for emerging markets for Barclay’s Bank and was responsible for loan performance and management of Citibank’s national first lien portfolio. Pathan earned an MBA from the University of Chicago’s Booth School of Business and an undergraduate degree from Xavier’s College in Mumbai, India.

A 14-year veteran of the mortgage finance industry, Nonny Sanchez brings a reputation as a change management specialist who bridges regulatory interpretation and business control implementation. Prior to joining BSI Financial, Sanchez handled the Default Compliance Program at PennyMac, leading complex compliance initiatives that included CFPB, FDPCA, HAMP, GSE, FHA, TILA-RESPA, SOX, SOC-1, Native American Housing and ECOA. Her background also includes default operations, vendor management and nationwide originations, escrow and REO services, which enables her to effectively identify compliance control opportunities that mitigate risk. Sanchez obtained her Associates degree in pre-law with highest honors and is nearing completion of her bachelor’s degree in Public Administration from Florida International University.

About BSI Financial Services

Led by a seasoned team of financial industry professionals, BSI Financial provides mortgage servicing and special servicing, loan quality control, REO and asset management services, and servicer surveillance monitoring using proprietary data analytics tools. Leveraging its technology delivery model and nearly 30-year performance track record, BSI Financial offers clients customized solutions using an advanced financial services platform called BSI ASSET360. In addition to facilitating reliable and efficient service that meets all current regulatory compliance and market standards, BSI ASSET360 provides real-time visibility into loan performance, thus creating transparency, choice, and control. BSI Financial is approved as a servicer by Fannie Mae, Freddie Mac, FHA, VA, the Federal Home Loan Banks and several private investors, and is approved as an issuer by Ginnie Mae.

BSI Financial’s business operations are located in Titusville, PA; Irvine, CA, and Irving, TX, where it also maintains its corporate headquarters. For more information, visit http://www.bsifinancial.com.

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Gagan Sharma, President

Tim Gillis, Executive Vice President
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