Leadership

Mark Sennott has over 25 years of experience in the appraisal/valuation industry, including as a founder and CEO of several Appraisal Management Companies that served both lenders and government agencies. With deeply seated aspirations to see the industry fully modernize and address long-standing challenges, Sennott is now an independent consultant to banks and leading technology companies in the valuation space, including his former role at one of the leading AVM model companies.

Some Background:

Sennott has been a pioneer in bringing AVMs and other alternative valuations to the mortgage industry. He and one of several companies he co-founded, Market Intelligence, introduced the first commercial AVM (the Case- Schiller AVM) to Wall Street in the 1990s, enabling the capital markets to instantly conduct accurate, timely mark-to-market portfolio valuations via AVMs for the first time.

Sennott successfully fought in state and federal courts for the approved use of AVMs and other alternative valuations for Home Equity Lending. (See Wall Street Journal and American Banker Articles).

Sennott was also the founder of Market Intelligence, an AMC that grew from a start-up to over $100 million in annual revenue by pioneering the use of AVMs and appraisal alternatives, which later became industry standards. The company was purchased by Chicago Title in 1996.

Sennott is a former award-winning investigative reporter and was twice nominated for a Pulitzer Prize. He has appeared in stories in the Wall Street Journal, American Banker, the Boston Globe and the Washington Post. He was also a staff Reporter at the Providence Journal and the Fort Worth Star-Telegram.

Mark Sennott can be reached at mark@sennottconsultinggroup.com