5/10/2023 – MBSi Corp., the leading provider of repossession assignment software and vendor compliance solutions to the auto finance industry, welcomes Ray Peloso as its new President.
After more than 8 years of leadership and growth at MBSi, Cort DeHart will be handing the keys over to Ray Peloso. “It is bittersweet for me to be stepping down from my position at MBSi, especially at such an encouraging time for our company,” said Cort DeHart, current MBSi President. “I know the company is in good hands with Ray. He possesses industry knowledge, technology leadership and a unique perspective to lead an already talented and performance-driven team. MBSi will continue to deliver premium solutions to our growing client base of national auto lenders, forwarders and agencies.”
Ray comes to MBSi with more than 25 years of executive leadership in the lending and software industries under his belt. Most recently, he was Chief Client Officer at Finvi (formerly Ontario Systems), a role he assumed upon Finvi’s acquisition of Katabat in August 2021, a company he had led as President and CEO since 2015. At Katabat Ray led a team that delivered best-in-class collections software products to global banks and lenders, fueling growth and ultimately resulting in a strategic acquisition. Ray navigated the company from a custom bespoke software solution provider to a product-led market leader, requiring end-to-end transformation across people, process and technology.
Prior to leading Katabat, Ray held critical executive leadership roles in consumer lending at blue chip banks including Citizens Bank, Capital One, Citibank and MBNA. Over the years, Ray has developed deep expertise in credit risk analytics and decision sciences, project and technology implementation, process engineering, and operational performance.
Ray joins MBSi at an exciting time for the company. After years of industry feedback, research, partnerships and acquisitions, MBSi is now well positioned with an industry-leading assignment and compliance management platform. MBSi’s platforms seamlessly integrate recovery case management, data-driven automation, mobile technology, and compliance solutions, providing the most advanced technology to manage asset recovery cases efficiently and securely from open to close.
“MBSi has an unmatched product in RecoveryConnect for assignment management and VendorConnect for compliance management,” said Ray. “I am thrilled to be joining and leading the team to additional growth, through industry challenges and further product development.”
The transition in leadership at MBSi will be a process that will take place through the summer of 2023, after which DeHart will officially step down as President of MBSi and begin pursuing his passions in the non-profit sector, including his new role as Strategic Advisor of Corporate Philanthropy at Agero, parent company to MBSi.
“We want to thank Cort for his leadership at MBSi over the past decade,” said Dave Ferrick, CEO and President of Agero. “He guided the company through a lot of change and experienced significant growth in his tenure. We look forward to having him here, at Agero, as he moves to the next chapter in his career and follows his vocation in our Corporate Philanthropy division.”
MBSi welcomes Ray Peloso to his new role and thanks Cort DeHart for his many years of leadership.
About MBSi Corp.
MBSi Corp. provides a systemic, auditable solution for assignment distribution and management. Our flagship product, RecoveryConnect, is used by more than 95% of industry participants today. Complementing the RecoveryConnect assignment management platform, our vendor compliance management solution, VendorConnect provides compliance oversight and transparency of fully vetted 3rd and 4th party vendors including client propriety documents, insurance ACORDs, licenses, background checks, onsite inspections, and CARS certification.
MBSi’s product portfolio connects lenders with forwarders and recovery agencies to manage and complete repossessions in real-time. Our products and services combine industry expertise with best-in-class technology, security and analytics to make our customers more efficient and effective.
For more information, visit www.mbsicorp.com.