MBSi Corp. announced that a top leadership transition began this week.

After more than eight years of leadership and growth at MBSi, the provider of repossession assignment software and vendor compliance solutions to the auto finance industry said president Cort DeHart is departing with Ray Peloso on track to take over the position.

MBSi explained in a news release the executive change process will unfold throughout the summer, after which DeHart will officially step down as president of MBSi and begin pursuing his passions in the non-profit sector, including his new role as strategic advisor of corporate philanthropy at Agero, which is the parent company to MBSi.

“It is bittersweet for me to be stepping down from my position at MBSi, especially at such an encouraging time for our company,” DeHart said in the news release. “I know the company is in good hands with Ray. He possesses industry knowledge, technology leadership and a unique perspective to lead an already talented and performance-driven team. MBSi will continue to deliver premium solutions to our growing client base of national auto lenders, forwarders and agencies.”

Peloso comes to MBSi with more than 25 years of executive leadership in the lending and software industries. Most recently, he was chief client officer at Finvi (formerly Ontario Systems), a role he assumed upon Finvi’s acquisition of Katabat in August 2021, a company he had led as president and CEO since 2015.

At Katabat, Peloso led a team that delivered best-in-class collections software products to global banks and lenders, fueling growth and ultimately resulting in a strategic acquisition. He navigated the company from a custom bespoke software solution provider to a product-led market leader, requiring end-to-end transformation across people, process and technology.

Prior to leading Katabat, Peloso held critical executive leadership roles in consumer lending at blue chip banks including Citizens Bank, Capital One, Citibank and MBNA. Over the years, MBSi noted that Peloso has developed deep expertise in credit risk analytics and decision sciences, project and technology implementation, process engineering, and operational performance.

“MBSi has an unmatched product in RecoveryConnect for assignment management and VendorConnect for compliance management,” Peloso said. “I am thrilled to be joining and leading the team to additional growth, through industry challenges and further product development.”

MBSi said it is an exciting time for the company. After years of industry feedback, research, partnerships and acquisitions, MBSi said it is now well positioned with its assignment and compliance management platform.

MBSi’s platforms can integrate recovery case management, data-driven automation, mobile technology, and compliance solutions, providing the most advanced technology to manage asset recovery cases efficiently and securely from open to close.

“We want to thank Cort for his leadership at MBSi over the past decade,” said Dave Ferrick, CEO and president of Agero. “He guided the company through a lot of change and experienced significant growth in his tenure. We look forward to having him here, at Agero, as he moves to the next chapter in his career and follows his vocation in our corporate philanthropy division.”