Ranieri Solutions Welcomes Industry Veteran Rob Lux As CEO

Ranieri Solutions, which has been developing a platform to address the antiquated state of mortgage servicing technology, today announced the appointment of Rob Lux as its Chief Executive Officer. In his new role, Lux will spearhead the company's go-to-market efforts for its cloud-native servicing platform. With the addition of a new CEO, coupled with the recent announcement of a partnership with SAP Fioneer (www.SAPFioneer.com), the company is set to expand upon Lewis Ranieri's history of pioneering innovation.

"The business of servicing has long since outgrown available technology which increases borrower dissatisfaction, exposure to risk, inefficiencies, and operating costs," commented Lewis Ranieri, Founder & Chairman. "Rob's unique background in mortgage includes extensive technology prowess with leading large servicing operations. Coupled with his drive to make positive change for the industry, I am confident Rob's leadership will cement our foundation and position the company as the Best-in-Class provider of mortgage technology solutions."

The Ranieri platform's standout feature is its elegant, uniform core and modern user interface which we believe will lower the risk of misconfiguration and incompatibilities. Servicers need the agility to quickly respond to industry changes and seize market opportunities. This modern cloud-based platform was built from the ground-up with servicers in mind. Features include:

• Seamless end-to-end servicing for performing and default loan processing using a single integrated system
• Modern, state-of-the-art cloud-based technology enables security, scalability, real-time processing, reporting, and analytics that eliminates the limitations of mainframe batch systems
• Intuitive, modern user interface that is easy to use and doesn't require extensive training
• Automated workflow that enables sophisticated task management
• Real-time seamless integration through an API ecosystem
• Digital loan file that provides a central repository for documents, images, audio, and video

"Our intention is to transform the mortgage technology landscape, beginning with Servicing," said Karen Bellezza, Ranieri's COO. "Drawing from his experience as COO for one of the largest servicers in the nation, and CIO responsible for all technology at a GSE, Rob is the perfect addition to lead the team. The strength of the SAP Fioneer platform and the depth of Mortgage and Servicing knowledge at Ranieri is what this industry needs."

"I am both thrilled and humbled to have the opportunity to work with Lewis Ranieri, a legendary innovator who transformed our industry. My experience running operations for a top servicer and as CIO of a GSE made it clear to me that our industry would benefit from a new servicing solution," commented Lux. "After reviewing existing servicing systems and ones under development, I concluded that Ranieri's servicing platform as part of SAP Fioneer's offering will be the new standard. Ranieri's modern technology, incredibly knowledgeable team, and strong partnership with a financial technology powerhouse in SAP Fioneer makes Ranieri the obvious choice for mortgage servicers looking to lower their costs, keep compliant with regulators, enhance their customers' experience, all in a modern cloud environment built from the ground up with security in mind."

About Ranieri Solutions (ranierisolutions.com)

Founded in 2018 by mortgage industry pioneer Lewis S. Ranieri, Ranieri Solutions LLC is a financial services-focused technology company that invests in, develops, and applies innovative technology solutions in the real estate and mortgage industries. The collective Ranieri team has decades of experience in owning, operating, and investing in a broad range of real estate and mortgage-related businesses and strategies such as residential and commercial special and primary mortgage servicing businesses, residential and commercial real estate distressed debt investment funds, and large scale single family rental and rent to own strategies.