According to recent press releases, Zaio Corporation has announced the appointment of Douglas Vincent as Chief Executive Officer and member of the Board of Directors. The company has also announced the appointment of James Kirchmeyer as President and member of the Board of Directors.

“Doug is a natural choice to lead the company in this exciting new phase, allowing Zaio to capitalize on the favorable changes we are experiencing in the appraisal landscape,” said George Reti, Chairman of the Board. “This year has marked tremendous progress with achieving “Go Live” status, bringing our new technology to market, surpassing 24 million quality controlled images in our photo database and other successful milestones.  Doug will continue with this strategy and be tasked with utilizing his extensive industry experience and knowledge of the appraisal and underwriting sectors to create further value for our shareholders, customers and Zone owners.”

In his most recent role at Citigroup, Mr. Vincent developed an oversight structure for its real estate lending business and established policies and procedures related to collateral automation and property valuation.  He leaves this role to rejoin Zaio Corporation, where he has previously served as Managing Director of Corporate Development.

His career includes positions as Executive Vice President, Chief Collateral Officer, and National Chief Appraiser for Countrywide Bank, National Chief Appraiser for GMAC-RFC, and National Chief Reviewer for a joint venture involving Wells Fargo and First American Financial.

Mr. Vincent has served as a board member and Chairman for a City Board of Tax Appeal and Equalization, and has been a speaker at industry related conferences for state and federal regulatory agencies. He is a member of the Appraisal Foundation’s Industry Advisory Council and has extensive experience in delivering court testimony. A recipient of numerous corporate awards, Doug was selected in 2007 October Research Publications as a one of the top under forty executives spanning the entire settlement services industry.

Regarding the appointment of Kirchmeyer, “Jim is the ideal choice for President of Zaio,” commented Chief Executive Officer, Doug Vincent. “We have the compatibility necessary to supply a solid foundation for our dynamic executive management team. We share the commitment to align our corporate initiatives and priorities strategically. Personally, I am energized that, as we roll out our Zaio products and solutions across the country, we share an unwavering focus on delivery and execution with a philosophy of tight fiscal management. We have tremendous opportunity ahead of us,” stated Vincent.

Jim Kirchmeyer began his extensive career in the Real Estate Valuation Industry in 1983 as a New York State Certified Appraiser, earning the SRA designation from the Appraisal Institute. In 1994, he founded his own Real Estate Appraisal Company, Kirchmeyer & Associates, Inc. where his company grew from servicing the Buffalo, New York area to include multiple offices providing services throughout the United States.
 
A well-known expert in the valuation industry, Jim is a founding member and current Chairman of the Collateral Assessment & Technologies Committee (CATC) associated with the Real Estate Information Professionals Association (REIPA). Jim teaches banking examiners and federal regulators for the FFIEC and brings his extensive knowledge, expertise and enthusiasm to the Zaio team.

“One of our first objectives as an executive team is to cure redundancies that resulted from our strategic acquisitions,” stated Kirchmeyer. “Acquisitions made last year were held intact as insular operations to optimize stability and promote product delivery.  We will continue our review of business strategies and refine and optimize our go-forward strategy.  Increasing value to shareholders, customers, and Zone owners is our primary focus.”

For more information visit the investors section at www.Zaio.com