Andrews Kurth Partner Patrick C. Sargent Named President of CMSA, 2009-2010

New York (Vocus) June 10, 2009

Commercial Mortgage Securities Association is pleased to announce the succession of Patrick C. Sargent as President of CMSA for June 2009-June 2010. He follows Christopher Hoeffel, who served as President this past year and whose term concludes during CMSA’s 15th Annual Convention, now being held in New York.

Pat Sargent is a partner with Andrews Kurth LLP and a member of the Real Estate and Structured Finance and Securitization practice groups in the firm’s Dallas office.

“I’m honored to serve as President of CMSA for the upcoming year, a time I see as our market’s ‘recovery year,'” Mr. Sargent said. “While challenges remain, it’s clear that CMSA is the effective voice for the industry in outlining its views to advance the needs of the members it serves. I see CMSA and its membership as pivotal in bringing strength, reliability and stability back to our industry,” he said.

“Alongside Pat, I wish to sincerely thank Chris Hoeffel for his thoughtful and remarkable leadership during our market’s many challenges this year,” said Dottie Cunningham, Chief Executive Officer, CMSA. “Chris’ stewardship of CMSA through last fall’s acute turmoil in the U.S. financial markets through his work in guiding our members through the many facets of these relief efforts remains instrumental to our mission, and all of us owe Chris a large debt of gratitude.” she said.

“I also join Chris in welcoming Pat as our President,” Ms. Cunningham continued. “Pat is one of the industry’s most experienced, committed and respected leaders in commercial mortgage finance. On behalf of CMSA’s members, all of us look forward to working with him as we begin this year filled with opportunity, recovery and success,” she said.

Pat Sargent has represented participants in every facet of U.S. and international securitization and structured finance transactions, including commercial mortgage loan originators and loan sellers, issuers, investment banks, servicers, borrowers, investors, and rating agencies. Pat is a member of the Board of Governors of CMSA and also serves on the Board of Governors for the Mortgage Bankers Association and the Board of the Chartered Realty Investor Society. He is also a frequent speaker and writer on commercial real estate finance issues.

Pat received his Bachelor of Science degree in accounting from Kansas State University, where he graduated Phi Beta Kappa, and his law degree from Southern Methodist University School of Law, where he served as editor of the Southwestern Law Journal.

Commercial Mortgage Securities Association, the international trade association dedicated to promoting the ongoing strength, liquidity and viability of commercial real estate capital market finance, acts as a legislative and regulatory advocate, playing a vital role in setting industry standards for the global commercial mortgage markets.

Unlike many trade organizations, CMSA is a collective voice, representing the full range of the industry’s market participants: large money-center and investment banks, rating agencies, insurance companies, traders, B-piece buyers and investors.

With more than 270 member companies globally, and with a presence in Europe, Japan and North America, CMSA is dedicated to insightful, forward-thinking research and industry initiatives that encourage vision, innovation and continuous professional growth for market participants. CMSA is committed to being responsive to its members, providing them with a culture of collaboration, collegiality, open and inclusive dialogue, consensus building and respect for diverse views.

Media Relations:

For CMSA: Kenneth Reed, kreed (at), 212-589-0961

For Andrews Kurth: Ashley Nelly, ashleynelly (at), 713.220.4410

About Andrews Kurth LLP

For more than a century, Andrews Kurth has built its practice on the belief that “straight talk is good business.” Real answers, clear vision and mutual respect define the firm’s relationships with clients, colleagues, communities and employees. With more than 400 lawyers and offices in Austin, Beijing, Dallas, Houston, London, Los Angeles, New York, The Woodlands and Washington, DC, Andrews Kurth represents a wide array of clients in all areas of business law. For more information about Andrews Kurth, please visit


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Veros Platforms Named on UCDP Vendor List; Ready to Support Industry

(Vocus/PRWEB) April 15, 2011

Veros Real Estate Solutions (Veros), an industry leader in enterprise risk management and collateral valuation services, has announced that its VeroSELECT and Valuation Risk Management (VRM) platforms are fully functional and ready to help lenders in all aspects of ordering, managing and delivering appraisals through the Uniform Collateral Data Portal (UCDP). Additionally, they will accept and process appraisals compliant with the Uniform Appraisal Dataset (UAD). These initiatives are part of the GSEs Uniform Mortgage Data Program (UMDP), a strategy to standardize and drive data quality to benefit the entire mortgage industry.

Fannie Mae and Freddie Mac (GSEs) announced Wednesday that UCDP will be live on June 27, 2011. According to the GSEs, appraisal report forms for all conventional mortgage loans delivered on or after March 19, 2012, must be submitted to the UCDP before the delivery date of the mortgage if the loan application is dated on or after Dec. 1, 2011 and an appraisal report is required. Veros and its related platforms have been named as approved solutions that enable the submission of electronic appraisal data to UCDP.

The key to a good experience with UCDP is for lenders to get on board early and not wait until March 2012 to begin utilizing the program, said Chris Gowen, sales vice president at Veros. There is significant pre-work that needs to be accomplished in order to meet all GSE requirements. Having access to the system now provides opportunity for the necessary internal testing and process changes lenders need to work through to ensure smoothly running operations and on-time compliance with this mandate.

VeroSELECT and VRM have been finely tuned and are ready to help lenders quickly and efficiently navigate UCDP for a successful outcome. These platforms were built to provide precise functionality in valuation risk management, as well as manage the entire collateral valuation process from start to finish.

Participants will be able to utilize UCDP through a web-based portal to upload and browse files, or they can connect via a vendor provided solution, such as VeroSELECT and VRM. According to Gowen, vendor integration is a smart option for lenders and their designated agents concerned about loan volume and looking to automate their processes, as well as for lenders looking to add risk management capabilities to their workflow through the addition of analytics or automated reviews.

The GSEs will provide job aids, training programs and other resources to help lenders learn the system over the next few weeks. These tools can be accessed directly from the GSEs respective websites.

Veros is a significant provider of property valuation analytics, including automated valuation models (AVMs), automated fraud and risk analytics, as well as future value forecasting for the real estate and mortgage industry. Veros is also a leading provider of automated valuation and risk management solutions offering platforms managing the entire spectrum of collateral valuation products while simultaneously monitoring workflow for compliance.

Veros was selected in 2010 by the GSEs as the technology provider to build, support and maintain the UCDP platform, which provides the electronic appraisal data delivery to the organizations.

About Veros Real Estate Solutions

Veros Real Estate Solutions, a proven leader in enterprise risk management and collateral valuation services, uniquely combines the power of predictive technology, data analytics and industry expertise to deliver advanced automated decisioning solutions. Veros products and services are optimizing millions of profitable decisions throughout the mortgage industry, from loan origination through servicing and securitization. Veros provides solutions to control risk and increase profits including automated valuations, fraud and risk detection, portfolio analysis, forecasting, and next-generation collateral risk management platforms. Veros is headquartered in Santa Ana, Calif. For additional information on Veros, visit or call (866) 458-3767.

Media Contact

Emily J. Carpenter-Pulskamp, APR

Public Relations Manager


(714) 415-6381

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