Default servicing software developer Equator has promoted Robert McKinley to director of business development.

A veteran of systems implementation and account management, McKinley also lends his expertise to product development and pricing, sales efforts, and contract negotiations.

McKinley joined Equator three years ago to facilitate daily account management activities. During his tenure, he has assisted with implementations of Equator’s REO platform at a number of top-tier companies.

Since June, McKinley has overseen installations of the company’s loss mitigation platform, led multiple RFI and RFP opportunities, and participated in the creation of statements of work (SOWs) and other such documentation. McKinley also helped with the conception and pricing of Equator’s invoicing solution.

“Robert has made significant contributions to building strong, lasting client relations, from the initial sales process to completed implementations,” said Equator’s CEO Chris Saitta. “We look forward to having him take on a more strategic role at the company, helping Equator achieve even greater market penetration and a more diverse clientele.”

Prior to joining Equator, McKinley was a business development manager and account executive for IndyMac Bank, F.S.B.

Founded in 2003, Equator provides software solutions for the default servicing industry, including REO, short sale, and loss mitigation platforms. Three of the top five financial institutions currently use Equator’s system.

Equator’s software platforms have processed more than $185 billion in transactions. The company’s EQ Marketplace hosts more than 716,000 agents, 21,000 vendors, and 18,000 sellers, contributing to 210,000 transactions per day.