Fred Melgaard Joins DRI Management Systems

Lending and technology veteran assumes senior management role at servicing software leader

DRI Management Systems, one of the nation’s leading providers of default management solutions for the mortgage industry, has announced that Fred Melgaard has joined the company as executive vice president. His primary responsibilities include managing major client relationships, customer relations, sales, marketing and projects for the company, reporting to CEO Duke Olrich. “This market is keeping us very busy,” says Olrich, “and we are focusing on communicating closely with our clients to find ways to improve our products. With his background and expertise, Fred is the ideal person to coordinate that effort, working both with developers and our clients to make their servicing efforts even more successful.”

A nineteen year industry veteran, Melgaard joins DRI from Harland Financial Solutions, where he served in various capacities since 1999, including vice president of servicing products and customer experience. Prior, he spent six years in senior management positions at several technology firms, including MidCom Communications, Physician Micro Systems and MaestroSoft, where he served as president and CEO. He gained experience in loan servicing, foreclosure, REO management and property disposition at Great Western Bank, where he began his career. He is a published author, with various white papers and articles in industry publications to his credit.

A Pacific Northwest native, Melgaard earned his bachelor’s degree from Washington State University and his master’s degree in business administration from Oregon State University.

About DRI Management Systems

Based in Newport Beach, California, DRI Default Management Services offers a suite of integrated default management software that can be used singularly or in tandem, and which can be interfaced with any other servicing or accounting system. DRI’s flagship technology, The Default Solution, enables companies to minimize their number of defaulted loans, and expertly manage and automate the servicing of defaulted loans including prime and non-prime mortgage loans as well as secured and unsecured consumer loans. The Default Solution features a complete suite of default management software modules, including: loss mitigation, pre-foreclosure foreclosure, bankruptcy, REO, litigation, property preservation, administration, and claims and auto/consumer loans. Clients include CitiGroup, Chase and World Savings. For more information, please visit www.DRIdefault.com.