xplair Technology Appoints John Madrid as CEO

Industry Veteran Brings Over Twenty Years of Experience in Delivering Technology Solutions to Financial Services Firms

SAN DIEGO--()--xplair Technology, LLC (“xplair”), a provider of innovative portfolio management software, hardware services, and support, today announced the appointment of John Madrid as Chief Executive Officer, effective immediately.

As CEO, Mr. Madrid is responsible for overseeing the day-to-day operations of the company, specifically focused on the technological build-out of the company’s primary commercial product, the illumair Management System for managing performing and non-performing whole loans and real estate assets; development of client-centric platform enhancements; managing financial performance and evaluating organic growth prospects. Mr. Madrid will also be responsible for maintaining current customer and vendor relationships and creating marketing programs and initiatives to accelerate growth and profitability with key constituents. Mr. Madrid brings to xplair considerable experience in the areas of strategic and operational technology planning, project management governance and innovative software development.

“We are very pleased to welcome John to the xplair team and look forward to his contributions as Chief Executive Officer,” said Louis Amaya, President of xplair. “As a proven leader in IT solutions, he brings with him an established track record of success in delivering innovative and reliable technology platforms and solutions to meet the servicing industry’s increasingly complex business needs. John’s industry contacts and market knowledge will also enable the company to further expand its footprint. Given John’s background and professional accomplishments, we believe that he is the perfect fit to lead xplair into its next stage of growth.”

“I am impressed with what xplair has been able to do in such a short time,” commented Mr. Madrid. “xplair has a strong reputation in the industry – both for intellectual capital and the unique technology products they offer investors and mortgage servicing companies. I look forward to working with the xplair team as we embark on a new phase of growth.”

Before joining the company, Mr. Madrid held the position of Chief Information Officer at Vericrest Financial, Inc., a financial services company primarily engaged in servicing residential mortgage and consumer finance loans. In this role, he oversaw the corporate Information Technology Group and Project Management Office. These teams were responsible for IT infrastructure, application development and integration, as well as management of key corporate initiatives. Previous to Vericrest Financial, Mr. Madrid was the Director of Information Technology at Accredited Home Lenders, Inc. At Accredited Home Lenders, he was responsible for managing the company’s technology platforms which supported all aspects of the mortgage operations. Insuring compliance with new regulatory and industry developments was a key focus. His other corporate experience includes positions at James Mitchell & Company, Merrill Lynch Credit Corporation, and Advanta Mortgage Corporation. Mr. Madrid received his Bachelor’s of Science Degree from San Diego State University.

About xplair Technology, LLC

Founded in April 2009, xplair Technology, LLC provides innovative portfolio management software, hardware services and support to a wide range of clients in the financial, capital markets, mortgage and REO space. For more information, please visit, www.xplair.com.

Contacts

Media:
Sard Verbinnen & Co.
Dan Gagnier/Renée Soto
212-687-8080
or
xplair:
John Madrid, 858-435-4710

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Contacts

Media:
Sard Verbinnen & Co.
Dan Gagnier/Renée Soto
212-687-8080
or
xplair:
John Madrid, 858-435-4710