Mark Hughes and Ann Gibbons recently joined Evolve Mortgage Services, a provider of technology-enabled fulfillment, due diligence services and customizable software, as managing directors.
Prior to joining Evolve, Hughes and Gibbons launched New Diligence Advisors (NDA), a national TPR firm.
Over the past two decades, they have held leadership roles at major due diligence and surveillance firms, including Clayton Holdings, MurrayHill and The Bohan Group.
In their new roles with Evolve, Hughes and Gibbons will lead the company’s recently announced third party review (TPR) business, which has already been accepted for rated transactions by Standard & Poor’s (S&P) and Moody’s.
Hughes and Gibbons join Evolve as the firm is expanding its technology-enabled offerings to focus on the growing non-agency market. They will help the company develop new products and services that will deliver velocity, transparency, scale and efficiency to both buyers and sellers of non-agency product.
“Evolve has extensive experience in origination, pre-close and pre-purchase loan reviews,” explains Paul Anselmo, CEO of Evolve, in a release. “Currently, more than 2,000 originators are delivering $5 billion in monthly production through our loan review platform.
“With non-QM lending gaining traction, we’ve enhanced our proven technology to anticipate the capital markets’ need for efficient, transferable diligence and much needed technological advancement in this space,” Anselmo adds.