William “Bill” Erbey is recognized by many for his ability to identify inefficiencies in complex systems, and turn them into opportunities for innovation. With a career spanning over five decades, Erbey has made his mark in the worlds of finance, real estate, technology, and digital payments, applying a data-driven approach to solving entrenched problems while creating meaningful economic and social impact.
With a bachelor’s degree in economics from Allegheny College and an MBA from Harvard Business School earned with distinction, Erbey’s strong analytical mindset started him on a journey that would continue to the present day, probing to find solutions to problems that others overlooked or dismissed. His career began at General Electric, where he worked in strategic roles at GE Capital and GE Mortgage Insurance.
In 1987, he co-founded Ocwen Financial Corporation. Ocwen initially focused on mortgage servicing, which, at the time, operated with limited sophistication and a one-size-fits-all approach to distressed loans. Ocwen rose to prominence in 2008 when it became the largest servicer of high-risk, non-performing loans in the United States. While most financial institutions sought to distance themselves from failing assets, Erbey recognized an opportunity to implement an alternative approach, one that emphasized restructuring loans instead of pursuing foreclosure. By applying economic principles and statistical modeling, Ocwen developed an optimization program that determined the best possible modification for homeowners, while still preserving investor value.
This approach proved transformative. Ocwen became a leader in sustainable loan modifications and ultimately kept hundreds of thousands of families in their homes. Ocwen’s work significantly influenced the U.S. government’s Home Affordable Modification Program (HAMP), ultimately handling 40% of its national loan modifications. After stepping down from Ocwen in 2014, Erbey turned his focus to technology and entrepreneurship. Over the following years, he founded and led six new companies across a range of industries, all driven by advanced data analytics and proprietary innovation, with a view to enhancing real-world utility across numerous sectors.
ForumPay. ForumPay is a crypto payment platform that connects fiat-based merchants with cryptocurrency consumers, expanding access and utility to digital payments. This year, ForumPay became the first crypto payment solution to offer in-app payments, allowing developers to insert ForumPay directly into the app environment for a smoother, customer-centered user experience.
System73. System73 is a data logistics and AI-powered content delivery platform that optimizes video-on-demand (VoD) and live streaming by intelligently rerouting traffic to avoid congestion and reduce costs. Content providers gain enhanced QoE, lower latency, bandwidth offload of up to 80%, and typical cost reductions of around 50%, all without additional infrastructure.
Roivos. A clinical-stage medical device company developing novel technologies to treat kidney disease. At the core of its innovation is the JuxtaFlow® Renal Assist Device (RAD), a first-in-class treatment under development to sustain or enhance kidney function during acute stress, particularly for patients undergoing cardiac surgery with cardiopulmonary bypass.
Alpha Controls: A tech company tackling energy loss in electric vehicles using advanced control systems and predictive analytics. Alpha Controls dynamically adjusts powertrain parameters, such as battery discharge rates, motor efficiency modes, and thermal regulation to optimize energy use and preserve range.
ProperT Rewards Token: The ProperT Rewards Token (PROPT) is a fungible blockchain-based token. It is the first on the crypto market to launch a token-back rewards program, designed to encourage consumer spending by offering 5% token-back rewards, and fully integrated with its associated, satellite gift card platform, ProperT Gift Card, launched in 2025.
Each company reflects Erbey’s characteristic approach to recognizing inefficiencies, building scalable systems, and applying statistical rigor to drive performance and innovation. Beyond his business endeavors, Erbey has become increasingly engaged with public discourse, sharing insights through interviews, video content, and social media. His newly launched YouTube channel offers a more personal glimpse into his thoughts on entrepreneurship, risk, real estate, macroeconomic trends and literary preferences.
He also manages active LinkedIn and Instagram accounts to engage directly with his online community and reflect on lessons learned throughout his career. With tireless dedication, Erbey continues to lead from the helm of each venture, focused on channeling decades of experience into asking better questions and building meaningful answers.
