Real Matters Announces Board Transition with Jason Smith's Retirement

Real Matters Chair Jason Smith to Step Down in 2025

Real Matters Inc. has made an important announcement regarding its leadership. Jason Smith, the company's founder and Chair, will retire from his position at the upcoming Annual General Meeting of shareholders in 2025.

Leadership Transition Plans

Following Smith's departure, Garry M. Foster, the current Lead Independent Director and Chair of the Audit Committee, is set to become the new Board Chair. Foster has been an integral part of Real Matters' Board since 2016, bringing valuable insight and leadership to the company.

A Journey of Gratitude

Reflecting on his two-decade journey with Real Matters, Smith expressed heartfelt appreciation for his team and the Board, highlighting their collective efforts to innovate within the mortgage lending sector. His leadership has been key to transforming Real Matters into one of the largest independent appraisal and title service providers in North America.

Confidence in Management

Smith's farewell comes with reassurance. He expressed confidence in the management team, particularly CEO Brian Lang, to continue executing the company's strategy and cultivate long-term value. His commitment to Real Matters will persist even as he steps back from formal leadership.

Recognition of Jason Smith's Contributions

Those within the company have recognized Smith’s visionary leadership, noting the transformative impact he has had on Real Matters. Garry Foster specifically mentioned the privilege of serving alongside Smith and the significant evolution the company has undergone during his tenure.

A Legacy of Innovation and Growth

Jason Smith's tenure as Chair began in late 2023, but his journey with Real Matters started much earlier. He co-founded the company in 2004 and has played various roles, including CEO and Executive Chairman. Under his guidance, Real Matters has raised substantial capital and successfully navigated five key acquisitions, paving the way for its public offering in May 2017.

About Real Matters

Real Matters stands out as a premier network management services provider, specializing in mortgage lending and insurance services. Its innovative platform unites cutting-edge technology with a vast network of independent field professionals, creating a competitive edge within the industry. Real Matters caters to leading clients, including top mortgage lenders and major banks, affirming its position as a leading independent provider of residential real estate appraisals and title services in the U.S.

Contact Information for Real Matters

For further inquiries about Real Matters, you can reach out to Lyne Beauregard, Vice President of Investor Relations and Corporate Communications. She can be contacted at 416.994.5930 or via email at lbeauregard@realmatters.com.

Frequently Asked Questions

1. Who is retiring from Real Matters?

Jason Smith, the founder and Chair, is retiring from the Board of Directors in 2025.

2. Who will succeed Jason Smith as Chair?

Garry M. Foster will take over as the new Board Chair after Smith's retirement.

3. How long has Garry Foster been with Real Matters?

Foster has been a Director since 2016 and became Lead Independent Director in 2020.

4. What impact did Jason Smith have on the company?

Smith played a pivotal role in growing Real Matters into a major player in the appraisal industry, overseeing significant financial achievements and strategic acquisitions.

5. What services does Real Matters provide?

Real Matters specializes in network management services for mortgage lending and insurance, focusing on residential real estate appraisals and title services.

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