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DR. SEAN HUNDTOFTE JOINS FRANKLIN CREDIT MANAGEMENT CORPORATION AS CHIEF EXECUTIVE OFFICER

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Franklin Credit Management Corporation (OTC:FCRM) has appointed Dr. Sean Hundtofte as its new Chief Executive Officer and board member. Dr. Hundtofte brings significant experience as a former Financial Economist at the Federal Reserve Bank of New York and executive roles at Better.com, where he served as Chief Economist, Head of Credit Risk, and Head of Acquisitions.

While leading FCRM, Dr. Hundtofte will continue his role as CEO of Solve Finance, a company he founded in 2021 focused on debt management and credit improvement through technology. He holds a Ph.D. in Financial Economics from Yale University, an MSE in Computer Science from Johns Hopkins University, and a Computing Science degree from the University of Glasgow.

Franklin Credit Management Corporation (OTC:FCRM) ha nominato Dr. Sean Hundtofte come nuovo Amministratore Delegato e membro del consiglio di amministrazione. Il Dr. Hundtofte vanta un'importante esperienza, avendo lavorato come Economista Finanziario presso la Federal Reserve Bank di New York e ricoprendo ruoli dirigenziali in Better.com, tra cui Chief Economist, Head of Credit Risk e Head of Acquisitions.

Durante la sua guida di FCRM, il Dr. Hundtofte continuerà a svolgere la funzione di CEO di Solve Finance, società da lui fondata nel 2021 che si occupa di gestione del debito e miglioramento del credito mediante soluzioni tecnologiche. Ha conseguito un Ph.D. in Financial Economics presso la Yale University, un MSE in Computer Science presso la Johns Hopkins University e una laurea in Computing Science presso l'University of Glasgow.

Franklin Credit Management Corporation (OTC:FCRM) ha nombrado a Dr. Sean Hundtofte como su nuevo Director Ejecutivo y miembro de la junta. El Dr. Hundtofte aporta una amplia experiencia, habiendo sido Economista Financiero en la Federal Reserve Bank de Nueva York y ocupado puestos ejecutivos en Better.com, donde se desempeñó como Chief Economist, Head of Credit Risk y Head of Acquisitions.

Mientras dirige FCRM, el Dr. Hundtofte seguirá en su cargo como CEO de Solve Finance, compañía que fundó en 2021 y que se centra en la gestión de deuda y la mejora del crédito mediante la tecnología. Posee un Ph.D. en Financial Economics por la Yale University, un MSE en Computer Science por la Johns Hopkins University y un título en Computing Science por la University of Glasgow.

Franklin Credit Management Corporation (OTC:FCRM)Dr. Sean Hundtofte를 신임 최고경영자(CEO) 겸 이사로 선임했습니다. Hundtofte 박사는 뉴욕 연방준비은행(Federal Reserve Bank of New York)에서 금융 경제학자로 근무했으며 Better.com에서 수석 이코노미스트(Chief Economist), 신용 리스크 책임자(Head of Credit Risk), 인수 담당 책임자(Head of Acquisitions) 등 임원급 경력을 보유하고 있습니다.

FCRM을 이끄는 동안 Hundtofte 박사는 2021년에 설립한 부채 관리 및 기술 기반 신용 개선을 전문으로 하는 회사인 Solve Finance의 CEO직도 계속 유지할 예정입니다. 그는 예일대학교(Yale University)에서 금융경제학(Ph.D.) 박사 학위를, 존스홉킨스대학교(Johns Hopkins University)에서 컴퓨터과학 석사(MSE)를, 글래스고 대학교(University of Glasgow)에서 컴퓨팅 사이언스 학위를 받았습니다.

Franklin Credit Management Corporation (OTC:FCRM) a nommé Dr. Sean Hundtofte nouveau Chief Executive Officer et membre du conseil d'administration. Le Dr Hundtofte apporte une solide expérience, ayant exercé comme Financial Economist à la Federal Reserve Bank of New York et occupé des postes de direction chez Better.com, notamment Chief Economist, Head of Credit Risk et Head of Acquisitions.

En dirigeant FCRM, le Dr Hundtofte conservera également son poste de CEO de Solve Finance, société qu'il a fondée en 2021 et spécialisée dans la gestion de la dette et l'amélioration du crédit par la technologie. Il est titulaire d'un Ph.D. en Financial Economics de la Yale University, d'un MSE en Computer Science de la Johns Hopkins University et d'un diplôme en Computing Science de l'University of Glasgow.

Franklin Credit Management Corporation (OTC:FCRM) hat Dr. Sean Hundtofte zum neuen Chief Executive Officer und Vorstandsmitglied ernannt. Dr. Hundtofte bringt umfangreiche Erfahrung mit, unter anderem als Financial Economist bei der Federal Reserve Bank of New York und in Führungspositionen bei Better.com, wo er als Chief Economist, Head of Credit Risk und Head of Acquisitions tätig war.

Während seiner Leitung von FCRM wird Dr. Hundtofte weiterhin als CEO von Solve Finance tätig sein, einem von ihm 2021 gegründeten Unternehmen, das sich auf Schuldenmanagement und Kreditverbesserung durch technologische Lösungen spezialisiert hat. Er promovierte in Financial Economics an der Yale University, besitzt einen MSE in Computer Science von der Johns Hopkins University und einen Abschluss in Computing Science der University of Glasgow.

Positive
  • Appointment of highly qualified CEO with Federal Reserve Bank experience
  • New CEO brings dual expertise in traditional finance and fintech
  • CEO's background in credit risk management and financial technology aligns with company's strategic goals
  • Strong academic credentials including Ph.D. from Yale in Financial Economics
Negative
  • CEO will maintain dual role as chief executive of Solve Finance, potentially splitting attention
  • Company faces ongoing challenges in specialty finance sector

JERSEY CITY, N.J., Aug. 21, 2025 /PRNewswire/ -- Franklin Credit Management Corporation (OTC Markets: FCRM), a New Jersey-based specialty mortgage and loan servicer, announced that it has reached an understanding with Dr. Sean Hundtofte to serve as the company's Chief Executive Officer and as a member of the company's board of directors. Dr. Hundtofte, a former Financial Economist at the Federal Reserve Bank of New York, previously held executive roles at Better.com, where he served as Chief Economist, Head of Credit Risk, and Head of Acquisitions.

Franklin Credit's Chairman and largest shareholder, Thomas Axon, praised the board of directors' decision to appoint Dr. Hundtofte as the company's CEO. "Sean's leadership, expertise and experience in the financial markets and credit risk management are second to none" remarked Mr. Axon in making the announcement. "Moreover," Mr. Axon continued, "his background at the Federal Reserve Bank of New York and his experience at Better.com are expected to provide valuable insights as the company continues to address the challenges and opportunities within the specialty finance sector." Mr. Axon noted that "Dr. Hundtofte's appointment as CEO is a renewal of the Company's mission and a significant step forward in our commitment to delivering maximum value to our clients while fostering a professional relationship with borrowers based on courtesy and integrity."

In addition to serving as Franklin Credit's CEO, Dr. Hundtofte will also continue to serve as the CEO of Solve Finance, a company he established in 2021. Solve Finance is dedicated to helping individuals manage their debt and improve their credit through innovative technology and financial guidance. Dr. Hundtofte's leadership at Solve Finance demonstrates a commitment to leveraging technology and financial expertise to empower consumers and foster financial well-being. This background in both traditional finance and fintech positions gives Dr. Hundtofte a unique perspective of Franklin Credit's strategic initiatives.

Dr. Hundtofte holds a Ph.D. in Financial Economics from Yale University, an MSE in Computer Science from Johns Hopkins University, and received his undergraduate degree in Computing Science from the University of Glasgow.

About Franklin Credit Management Corporation

Franklin Credit Management Corporation is a specialty consumer finance company that focuses on servicing and resolving residential mortgage loans. Their services include loan recovery, collection servicing, and analyzing and acquiring mortgage portfolios. The company was established in 1988, is based in Jersey City, New Jersey, and is traded on the OTC Markets; The  Pink Limited Market under the ticker FCRM.

Note: This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Investors are encouraged to conduct their own due diligence before making any investment decisions.

Cision View original content:https://www.prnewswire.com/news-releases/dr-sean-hundtofte-joins-franklin-credit-management-corporation-as-chief-executive-officer-302536222.html

SOURCE Franklin Credit Management Corporation

FAQ

Who is the new CEO of Franklin Credit Management Corporation (FCRM)?

Dr. Sean Hundtofte has been appointed as the new CEO of Franklin Credit Management Corporation. He is a former Financial Economist at the Federal Reserve Bank of New York and previously held executive roles at Better.com.

What is Dr. Sean Hundtofte's background and experience before joining FCRM?

Dr. Hundtofte was a Financial Economist at the Federal Reserve Bank of New York and held executive positions at Better.com as Chief Economist, Head of Credit Risk, and Head of Acquisitions. He holds a Ph.D. in Financial Economics from Yale University.

Will FCRM's new CEO continue his role at Solve Finance?

Yes, Dr. Hundtofte will continue to serve as CEO of Solve Finance, a company he founded in 2021 that focuses on helping individuals manage debt and improve credit through technology.

What are Dr. Sean Hundtofte's educational qualifications?

Dr. Hundtofte holds a Ph.D. in Financial Economics from Yale University, an MSE in Computer Science from Johns Hopkins University, and an undergraduate degree in Computing Science from the University of Glasgow.

What is Franklin Credit Management Corporation's main business?

Franklin Credit Management Corporation (FCRM) is a New Jersey-based specialty mortgage and loan servicer.
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