Josh Harrison, chief product officer at Rocktop Technologies, combines his unique background in astrophysics, law, and technologies to help institutional investors in the fixed income/mortgage markets harness the potential of the most complex asset classes, such as Ginnie Mae early buyouts, residential transition loans (RTLs) and scratch-and-dent loans. This past year, he brought more automation, scale and efficiency to the purchase and sale of distressed assets involved in bankruptcy filings, dramatically improving the management of these “process intensive” and often error-ridden asset classes.
Harrison has led the development of solutions that further his firm’s overall vision to help transform the mortgage markets into seamless exchanges where every asset is a best asset. He’s working to knock down two obstacles to achieving that vision — a lack of transparency into the data, documents and servicing processes underlying each loan and errors and inefficiencies that drive up investors’ costs and risks.
Among solutions he helped bring forward in the past 12 months are Rocky (which leverages generative AI and large language models (LLMs) and automates the legal and diligence activities surrounding the management and trading of distressed assets) and a 410A Automation Solution that applies generative AI and LLMs to automate the creation and validation of Form 410A (for bankruptcy claims) with precision and efficiency.
Key components and functionalities include transforming unstructured data into a format suitable for processing, leveraging LLMs and generative AI tools, applying advanced algorithms to populate all five parts of the 410A, and a final validation layer to ensure accuracy, completeness and adherence to servicer and investor guidelines.
Name:
Josh Harrison
Title:
Chief Product Officer
Company Name:
Rocktop Technologies
