States Title Names Former Treasury Secretary to Board
October 8, 2019
States Title announced the appointment of economist Lawrence H. Summers to its board of directors.
"With over 30 years as a leader in academics, economics, and government. Summers' insight will be invaluable as we continue to grow the States Title solution," said Max Simkoff, CEO of States Title.
Summers is the Charles W. Eliot University professor and president emeritus of Harvard University. During the past two decades he has served in a series of senior policy positions, including chief economist of the World Bank, director of the National Economic Council for the Obama Administration from 2009 to 2011, and secretary of the Treasury for the Clinton Administration from 1999 to 2001. Summers' tenure at the U.S. Treasury coincided with the longest period of sustained economic growth in U.S. history. He is the only Treasury Secretary in the last half-century to have left office with the national budget in surplus.
Summers serves on the board of Square and Premise and chairs the board of the Center for Global Development and serves on the board of ONE.
"Machine intelligence can not only make the home buying and selling process far simpler and easier for consumers to understand but also likely result in a lower-priced, higher-value product that will bring down the overall cost of owning a home,” Summers said. “Making homeownership more accessible to a greater number of Americans, and enabling the mortgage ecosystem to operate with more efficiency and stability, will ultimately boost the economy."
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