Mount Street Group, a third-party loan servicing and credit asset management firm, has appointed Dean Wheeler to the newly created role of managing director, head of US operations.
The US loan servicing market is expected to grow at a CAGR of 13% from 2022 to 2028, led by increased digital transformation, shared the firm.
Dean brings 30 years of executive management experience building and leading commercial real estate (“CRE”) loan servicing, asset management and special servicing platforms in the US and Canada.
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Based in Kansas City, Dean will be responsible for implementing Mount Street’s growth strategy in the US loan servicing market, where Mount Street together with its JV partner Mission Peak Capital aims to double its current $36.3 billion of assets under management over the next two years.
Reporting to CEO Paul Lloyd, he will oversee all loan servicing, asset management and special servicing activity, alongside growing the team and devising and implementing new technology-led strategies that leverage Mount Street’s CreditHub solution.
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Before joining Mount Street, Dean was president and founder of software and consulting advisory business True North Performance Solutions, before which he was head of servicing and asset management operations at SitusAMC, where he was responsible for a 300-person, 8,000 loan, $160+ billion commercial real estate loan servicing and asset management portfolio.
Paul Lloyd, co-founder and CEO at Mount Street, commented that “the CRE market is currently dominated by a handful of players, but which is ripe for disruption as a result of technological and demographic shifts.”
Wheeler added that he is excited to leverage his experience “building and leading third-party commercial real estate loan servicing platforms in the US to replicate this success in this globally dominating market.”
