Brian Hershkowitz

Mr. Brian Hershkowitz

Chief Executive Officer, Maximum Value Group


          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Member of the Financial Services Council

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Council Member Biography

Brian F. Hershkowitz is Chief Executive Officer of Maximum Value Group, a consulting firm focused on providing advice to private equity and other market participants in the area of banking and mortgages. Prior to starting his own practice in December 2006, he was Executive Vice President at Fidelity National Information Services (FNIS) and President of its mortgage and information services division. As Executive Vice President of FNIS from June 2001 to November 2006, his responsibilities included management of the company's data offerings, including public records information, credit reporting information, flood hazard compliance data, real estate tax information, and collateral valuation services. The 21 companies in his division served mortgage lenders, realtors, and P&C insurers and produced around a half billion dollars in revenue. Mr. Hershkowitz was also involved in the purchase and integration of a company which added the servicing system assets FNIS' portfolio. Prior to joining FNIS, he was President and Chief Operating Officer of LandSafe Credit, a Countrywide subsidiary that provided settlement services. Mr. Hershkowitz also spent several years serving Countrywide in the areas of strategic planning and executive management. Earlier in his career, Mr. Hershkowitz was Director at the Mortgage Bankers Association of America where he worked with all areas of mortgage banking to develop a comprehensive understanding of the mortgage business. (This is me - Update Profile)


Employment History

2006 - Unspecified
Chief Executive Officer, Maximum Value Group
2005 - 2007
Board Member, COVANSYS CORPORATION
2001 - 2006
EVP & President, Information Services Division, FIDELITY NATIONAL INFORMATION SERVICES, INC.
1991 - 2001
Senior Vice President, Countrywide
1987 - 1991
Director, Mortgage Bankers Association of America

GLG NewsSM Analyses by Brian Hershkowitz

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One more consideration - RFC's market niche may be eroding

February 7, 2008

GMAC considers sale of troubled ResCap | www.ft.com

This is an important article because it is detailing the possible exit from the mortgage business of another player that only dealt minorly in the subprime world, if at all.  One of the considerations not discussed in the article is the effect of the potential Economic Stimulus Plan specifically on conduits such as ResCap RFC.

The Finger Pointing Continues In The Subprime World

January 28, 2008

Loan Reviewer Aiding Inquiry Into Big Banks | www.nytimes.com

This article is illustrating finger pointing looking for a villain, instead of "post-mortem" to find a hero.  What the industry needs is a clear plan for rebuilding the subprime securitization market.  In my opinion, a great part of that will be tied to the outsourced due diligence function, and the value those in that area add to the process.  One of the leading players in the space is now looking to be at odds with their client base. 

The Real Shot In The Arm Is Buried In The Details - Mortgage Bankers Are Toasting Congress Tonight!

January 25, 2008

Congress Unveils Economic Stimulus Deal | biz.yahoo.com

The Economic Stimulus Act, approved today, will go along way towards its name, and stimulate the economy.  Questions of how much money, too whom, and what may have been sacrified in the cross-party negotiation will remain unanswered, but one thing is clear.  Congress has delivered a very potent set of stimulus to the mortgage markets.  By increasing the loan insuring (FHA) or purchasing (GSE's) authority to more than $700k, Congress answered a prayer and request of many of those in the industry.  The business people know that this gives them a very streamlined and efficient way to originate, fund, and deliver loans to the secondary market and service a large percentage of the population of "A" mortgagors.

Many More To Benefit

January 24, 2008

Collapse of the Subprime Mortgage Market Shines Spotlight on Risk Management and RiskMetrics | biz.yahoo.com

This article is a very good brief about the RiskMetrics IPO, but doesn't attempt to broadly touch the many areas that are set to shine from recent events in the subprime mortgage market.

Good for today, uncertain for the future

January 23, 2008

Asian markets rebound after Fed cut | news.yahoo.com

It is terrific that one day gains reclaimed much of the territory lost over the various Asian exchanges on Tuesday.  The significance of the instant reaction to the price cut at the Fed's lending window was one of timing.  The question is whether this particular means for economic stimulus will have a long lasting effect.

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