Equator Promotes Two to Vice President Positions

Default technology provider ""Equator"":http://www.equator.com has promoted two staff members -- Chris Michaels to VP of product development and Robert McKinley to VP of business development.

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Michaels has nine years of business analysis and product development experience. He will lead the team that provides business process solutions and system design for all Equator's clients.

Michaels joined Equator in 2006 and was responsible for all client system designs, from initial discovery through production launch. He spearheaded the design of Equator's

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short sale solution, which has helped servicers increase pull through and shorten time frames, leading to the initiation of nearly 1.2 million short sales on the Equator platform.

McKinley has led Equator's business development effort while working closely with new and existing customers. In his new role, he will continue to foster new business relationships with both current and new clients.

McKinley joined Equator in 2007 as a lead account manager for two of the nation's largest servicers. His expertise in client management, product implementation, detailed business and technical writing, product management, and product testing quickly allowed him to be promoted to a senior-level position.

Equator provides the industry with default software solutions. Four of the top five financial institutions currently use Equator's platform. The platform's REO, short sale, and loss mitigation modules have processed more than $150 billion in transactions.

Currently, the company's EQ Marketplace hosts more than 800,000 agents, 26,000 vendor companies, and 30,000 client users, all contributing to more than 250,000 transactions per day.