The exec will help HouseCanary in building accurate valuations
Former US Department of the Treasury Counselor Craig Phillips has joined HouseCanary as senior advisor.
The company said that Phillips' appointment came at a pivotal time in the mortgage lending industry. In 2019, all of the federal banking regulators adopted a rule that raised the threshold of a traditional real estate appraisal from $250,000 to $400,000.
Phillips will support HouseCanary's digital transformation initiatives, the company said.
“Technology changes will likely enable a disruption of the traditional appraisal process as we now know it, benefitting both consumers and lenders,” Phillips said. “HouseCanary has developed industry-leading analytics that has the ability to support a frictionless home purchase and borrowing experience. I’m excited to join this period of growth and innovation for the company and the industry.”
Before serving as counselor to Treasury Secretary Steven Mnuchin, Phillips held various leadership roles across the mortgage and capital markets over the past three decades. He founded and oversaw the financial markets advisory group of BlackRock between 2008 and 2017. He also spent 12 years as a managing director at Morgan Stanley, where he led its global securitized products group.
“I am honored to have Craig join HouseCanary in this strategically important role,” said Jeremy Sicklick, CEO and founder of HouseCanary. “Craig is a proven leader and pioneer in the mortgage and banking industry. His background in innovation, the private and public sector, and regulatory and financial systems are an asset to HouseCanary as we continue to build the most accurate valuations in the housing industry.”
